This course demonstrates how to apply selected statistical techniques to a wide variety of problems and situations arising in the areas of business, economics, finance and management.
Upon completion of the course, the student will be able to:
· Display quantitative data visually
· Determine the best statistics for describing, exploring, and comparing data
· Understand the binomial and normal probability distributions
· Estimate population proportions, means, and variances
· Understand and apply hypothesis testing and how to test claims about proportions, mean, and variance.
· Understand and apply correlation and simple regression techniques
· Understand and apply statistical quality control methods
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