QNT/275T
Statistics for Decision Making
Online
Format
$1194
Estimated Tuition
3 credits
Total credits
5 weeks
Course length
Start when you're ready
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Course level: Undergraduate
This course introduces the use of statistics for business decision making. After completion of this course, students will be able to explain how to obtain a suitable sample of business data and evaluate its validity and reliability for statistical inferences, produce tables and charts to organize and display business data, interpret numerical business data using measures of central tendency and variability, apply fundamental concepts probability theory for inferential decision making for business, and perform trend analyses.
Prerequisites
- MTH/219 or MTH/219T - Introduction to College Algebra or equivalent
What you'll learn
Course skills and outcomes
Introduction to Statistics
- Define basic statistics vocabulary and concepts.
Measuring and Displaying Data
- Apply descriptive statistics methods to qualitative and quantitative data.
Basic Probability and Random Variables
- Utilize probability concepts to calculate probability and interpret probability distributions.
Introduction to Inferential Statistics
- Demonstrate understanding of analytical methods used to make inferences about population properties based on sample data.
Additional Inferential Methods for Making Business Decisions
- Examine additional analytical methods in order to make business decisions.