- International Fees
International fees are typically 3.12 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Course Overview
Includes descriptive statistics, including numerical and graphical presentation of data, measures of central tendency, dispersion and elementary probabilities. Introduction to several discrete and continuous probability distributions. Introduction to inferential statistics through selected topics such as sampling, confidence limits of the mean, hypotheses testing, and the chi-squared test for independence.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.5
- Not offered this term
- This course is not offered this term. Please check back next term or subscribe to receive notifications of future course offerings and other opportunities to learn more about this course and related programs.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Discuss the value of statistical information in a variety of business disciplines and work environments.
- Assess statistical information portrayed in the media, work and educational environments.
- Organize and analyze quantitative data.
- Use MS Excel to process and analyze statistical data.
- Calculate descriptive statistics measures such as the mean, weighted mean, median, mode, standard deviation, coefficient of variation and variance.
- Use graphical techniques to present data in such a manner that it is understood by and meaningful to colleagues and clients.
- Analyze data presented in frequency distributions, histograms and boxplots.
- Apply the common rules of probability to evaluate business alternatives.
- Analyze and calculate probabilities for Binomial, Poisson, Uniform and Exponential probability distributions.
- Calculate expected values and standard deviations for random variables.
- Construct and interpret a confidence interval estimate for a single population mean using both the standard normal and t distributions.
- Establish and interpret a confidence interval estimate for a single population proportion.
- Determine the required sample size for estimating a single population mean or proportion.
- Carry out an appropriate hypothesis test on a single population mean or proportion.
- Interpret the p-value of the test statistic.
- Carry out a hypothesis test comparing two population means or proportions.
- Construct a contingency table and perform a chi squared test of independence.
Effective as of Winter 2024
Related Programs
Statistics for Business (OPMT 1120) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Business Management
Diploma Full-time
- Human Resource Management
Diploma Full-time
Programs and courses are subject to change without notice.