Course

Business Statistics I | BUSM.X406

An introduction to the business use of statistical concepts and tools, this course covers the basic concepts of descriptive statistics--such as means and variances, uses of probability, and statistical inference--and their application to business processes and decisions. In addition, the course addresses the use of statistical estimation techniques, decision theory (hypothesis-testing process), and the use of regression and correlation.

Learning Outcomes

At the conclusion of the course, you should be able to:

• Describe the basic concepts and procedures used in statistical analysis
• Discuss the ethical dimensions of "big data analytics"
• Explain and compute the basic processes of descriptive statistics and inferential statistics
• Identify when to use a particular tool / concept within statistics to solve a real-world problem