In BUS 221: Business Statistics, you will learn descriptive statistics, a type of statistics that deals with the collection, organization, presentation and analysis of data. You will also learn concepts and theories of probability as a prelude to a course in inferential statistics that you will eventually take to make your knowledge of statistics complete. The topics covered include measures of central tendency, measures of dispersion, probability concept and distribution, sampling, statistical estimation, normal and T distributions, and hypothesis testing for means and proportion both for a single and two populations.
This course will equip you with statistical tools that will enable you to make sense out of a mass of observations for the purpose of making intelligent decisions.
This course is planned to meet the business statistics requirements of business degree programs. It is designed, therefore, for the student who plans to transfer to a four-year college or university to receive a baccalaureate degree in business administration. It is the first of two sequential courses of three credit hours each. Both courses will emphasize the analysis of business and economic data for business decision-making. In this course, the student is introduced to the subject of business statistics to include the need for quantitative analysis in business, the basic procedures in problem solving, and the sources and types of data used by business firms. The student will acquire knowledge of certain basic terminology in descriptive and inferential statistics. Emphasis will be placed upon the use of the computer to perform statistical analysis.
Prerequisite is MTH 161 or division approval. An ability to read, comprehend, analyze material written at a college level. An ability to write and present ideas using standard English.