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Statistics for Decision Making




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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.


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.


Why take courses at University of Phoenix

Accreditation that matters

We’ve been accredited by the Higher Learning Commission ( for more than 40 years.

Real-world instructors

Learn from instructors who bring an average of 25 years of working experience to the classroom.

Affordable and potentially reimbursable

Our tuition and fees are competitive and fixed. Also, check to see if your employer will cover you for this course.

Next Steps

Start a conversation about your future with an enrollment representative today.

Start a conversation about your future with an enrollment representative today.

Call (844) 937-8679

Transfer Credits

Credit Transfer

Credit Transfer

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