This course introduces the techniques used for the visualization of numerical data and descriptive statistics in business. Topics will include an introduction to probabilities and sampling.
Compute an interval estimate with the empirical rule.
Recognize the characteristics of a standard normal distribution.
Distinguish between discrete and continuous random variables.
Probabilities
Solve probability problems with various counting methods.
Recognize probability notation.
Descriptive Statistics
Compute range, variance, and standard deviation.
Compute a mean, median, and mode.
Distinguish between a population and a sample.
Recognize statistical symbols.
Visualization of Data
Identify misleading graphs.
Select an appropriate chart type for given data sets.
Prepare a frequency distribution.
Recognize ordinal and nominal data.
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