Business Statistics

Course NameBusiness Statistics
Course CodeMTH222
DescriptionThis course provides a comprehensive review of why and how we use basic mathematical and statistical methods and stresses their practical applications. The course will teach the students basic analytical skills and shows typical problems that arise in business. The course includes practical, analytical and theoretical sections. The course focuses on statistical analysis of data starting with descriptive statistics, and introduces concepts as sampling, hypothesis testing, regression analysis, probabilities, etc. Thus, solid basis is built for immediate practical implementation and as well for more profound studies of quantitative analysis and formal manipulation with business data.
Learning OutcomesUpon completion of this course, students should be able to:
– Understand the meaning and use of statistical terms used in business statistics;
– Understand the nature of the data;
– Present and interpret data in tables and charts;
– Understand and apply descriptive statistical measures to business situations;
– Understand and apply probability distributions to model different types of business processes;
– Understand and apply statistical estimation and hypothesis testing;
– Understand and apply simple linear regression analysis;
– Use computer spreadsheet software to perform statistical analysis on data.
SchoolSchool of Business Administration (SBA)
Number of credits (US / ECTS)3 US / 6 ECTS