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Important Notice: COVID-19 Institute response

BCIT

OPMT 1130 - Business Statistics

Operations Management Part-time Studies Course

School of Business + Media

BCIT is planning for a substantial return to on-campus activity for the fall 2021 term as informed by BC Public Health Officer guidelines. Refer to each course listing for details.

Course Details

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, simple linear regression and the chi-squared test for independence.

Credits

5.5

This course isn't currently offered through BCIT Part-time Studies. Please check back next term or subscribe to receive email updates.

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.
  • 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.
  • Analyze simple two-variable problems using linear regression and correlation.
  • Interpret the results of a computer generated regression model and ANOVA table.

Effective as of Winter 2020

Related Programs

OPMT 1130 is offered as a part of the following programs:

School of Business + Media

  1. Accounting
    Full-time   Diploma
  2. Business Information Technology Management (Artificial Intelligence Management Option)
    Full-time   Diploma
  3. Business Information Technology Management (Enterprise Systems Management Option)
    Full-time   Diploma
  4. Business Management
    Full-time   Diploma
  5. Business Operations Management
    Full-time   Diploma
  6. Finance
    Full-time   Diploma
  7. Financial Planning
    Full-time   Diploma
  8. General Insurance and Risk Management
    Full-time   Diploma
  9. Global Trade and Transportation Management
    Full-time   Diploma
  10. Human Resource Management
    Full-time   Diploma
  11. Marketing Management
    Full-time   Diploma
  12. Marketing Management (Entrepreneurship Option)
    Full-time   Diploma
  13. Marketing Management (Marketing Communications Option)
    Full-time   Diploma
  14. Marketing Management (Marketing Communications Option)
    Full-time   Diploma
  15. Marketing Management (Professional Sales Option)
    Full-time   Diploma
  16. Marketing Management (Tourism Management Option)
    Full-time   Diploma

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