| Course ID: | MSIT 7050. 1.5 hours. |
| Course Title: | Business Statistics |
Course
Description: | Descriptive statistical measures, basic probability notions, estimation and hypothesis testing for the mean, proportion and variance in a population, linear regression models. Emphasis is on applications in a business environment. Computer is used throughout the course. |
| Oasis Title: | BUS STATS |
| Duplicate Credit: | Not open to students with credit in MSIT 8000 |
| Prerequisite: | Permission of department |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | This course will provide students with a conceptual introduction
to statistics. Topics that will be covered include: data
gathering, data organization and measurement, basic probability
distributions, estimating, statistical inference, and regression
analysis. We will stress,throughout this course, the practical
application of these topics to real-life business issues. |
| Topical Outline: | Topics to be covered may include:
Methods for describing data
Probability
Probability distributions
Measures of central tendency
Confidence intervals
Hypothesis testing
Covariance and correlation
Simple and multiple regression analysis |