BUSINESS STATISTICS (2 SCU)

Learning Outcomes

Upon completion of this course, students are expected to be able to: apply basic techniques to present and summarize data using descriptive statistics; apply basic concepts of probability and sampling distributions; apply basic techniques in hypothesis testing of one and two samples; utilize the interpretation of statistical analysis result in decision making.

Topics

The topics covered in this course include descriptive statistics, the basic probability theory, normal probability distributions, estimation techniques, as well as one-sample and two-sample hypothesis testing. The use of statistical software using Excel is introduced and encouraged in order to better present the data summary and automate statistical calculations.

Pre-requisite: None