APPLIED BUSINESS STATISTICS (2/2 Credits)

Learning Outcomes:

On successful completion of this course, student will be able to: Explain the concept of statistic; Analyze the statistical methods to solve economic and business problems; Apply statistical concept properly in term of economic and business.

Topics:

Describing Data: Numerical Measures; Describing Data: Numerical Measures -1; Describing Data: Displaying Data and Exploring Data; Describing Data: Numerical Measures -2; A Survey of Probability Concepts; Describing Data: Numerical Measures -3; Discrete Probability Distributions; Probability distribution – 1; Continuous Probability Distributions; Probability distribution – 2; Estimation & confidence interval – 1; Sampling and sampling distributions; Estimation & confidence interval – 2; Estimation and Confidence Intervals; Hypothesis testing -1; One Sample Tests of Hypothesis; Hypothesis testing -2; Two Sample Tests of Hypothesis; ANOVA; Inferences about population variance; Goodness of fit test and independence test (Chi-square); Simple linear regression; Experimental Design and Analysis of Variance; Simple Linear Regression and Forecasting.