MATH118

Business Statistics is an introductory course designed to give students a working knowledge and understanding of descriptive and inferential statistics. Topics covered include uses and misuses of statistics, methods of sampling, collecting and presenting data, measure of average and variation, probability theory and distributions, sampling distributions of means and proportions, confidence intervals, tests of hypotheses (large and small sample methods), analysis of variance, contingency tables, correlations and regression analysis, multiple regression, time series analysis, and forecasting techniques. Emphasis is placed on practical business applications.