Basic Statistics

The course is for future decision makers in business. The focus and goal is to make students better quantitative decision makers. The concepts of statistics are presented in the setting of business decision-making through the use of many real world examples, real business data and applications. This course covers introduction to descriptive and inferential statistics. Topics included are discrete and continuous data, concepts such as population, sample, parameter, measures of central tendency, measures of variation, coefficient of variation, some probability distributions, confidence intervals, hypothesis testing, z-test, t-test, analysis of variance, simple regression and correlation analysis.