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Lake Washington Institute of Technology    
 
    
 
  Dec 14, 2017
 
Catalog 2017-2018

MATH 246 Business Statistics

5 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