Introduction To Business Statistics –

qnt273

(3 credits)

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.
This undergraduate-level course is 5 weeks. This course is available as part of a degree or certificate program. To enroll, speak with an Enrollment Representative.

Visualization of Data

  • Recognize ordinal and nominal data.
  • Prepare a frequency distribution.
  • Select an appropriate chart type for given data sets.
  • Identify misleading graphs.

Descriptive Statistics

  • Recognize statistical symbols.
  • Distinguish between a population and a sample.
  • Compute a mean, median, and mode.
  • Compute range, variance, and standard deviation.

Probabilities

  • Recognize probability notation.
  • Solve probability problems with various counting methods.

Normal Distribution

  • Distinguish between discrete and continuous random variables.
  • Recognize the characteristics of a standard normal distribution.
  • Compute an interval estimate with the empirical rule.

Sampling

  • Identify various sampling methods.
  • Develop sample survey questions.

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