Business Statistics

This course focuses on the application of the principal statistical concepts used in managerial decision-making such as the basic probability theory and the assessment of probabilities from sample data; display of sample information and description of data; the Binomial, Poisson, Normal and Exponential probability distributions; hypothesis testing; X2 distribution and tests for goodness of fit; simple and multiple linear regression; correlation of qualitative and quantitative data. Through lectures and application of statistical techniques to managerial decision-making situation students will learn to select, apply and interpret statistical techniques and results to formulate and support their recommendations. 3 credits. Online delivery or Lecture on-campus. Students cannot retain credit for both COMM 5021 and OPER 5001.