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Apr 20, 2024
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Catalog 2017-2018 [ARCHIVED CATALOG]
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MATH 246 Business Statistics5 credits
The course is designed to teach business managers to interpret statistical analyses and apply statistical methods in a business context. Topics include data description, data presentation, statistical analysis, statistical interpretation, and statistical inference. Statistical results will be used as a foundation in answering business-related questions and making evidence-based decisions.
Prerequisites: Admission to BASTLM program or instructor permission.
Quarters Offered: Spring
Global Outcomes:
This course teaches to the global outcome of Critical Thinking.
Student Outcomes/Competencies:
Upon successful completion of this course students will be able to:
- Identify and implement statistically valid business data collection methods, and perform detailed statistical analysis using Excel and/or PASW
- Present analytics for business applications using descriptive statistics and visualization
- Apply linear regression to business data using Excel and/or PASW, and express how multiple regression can be utilized to improve upon linear regression
- Apply probability distributions and statistical tools used for analysis and decision making in a business management context
- Calculate and interpret measures of statistical inference, and apply these measures to decision-making in a business management context
- Interpret the results of hypothesis tests and Chi-square analyses using business related examples
- Define the Central Limit Theorem, and apply its principles to Control Charts
Total Hours: 50 Lecture Hours: 50
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