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This course demonstrates how to apply selected statistical techniques to a wide variety of problems and situations arising in the areas of business, economics, finance and management.
Upon completion of the course, the student will be able to:
Â· Display quantitative data visually
Â· Determine the best statistics for describing, exploring, and comparing data
Â· Understand the binomial and normal probability distributions
Â· Estimate population proportions, means, and variances
Â· Understand and apply hypothesis testing and how to test claims about proportions, mean, and variance.
Â· Understand and apply correlation and simple regression techniques
Â· Understand and apply statistical quality control methods.