This course introduces you to a range of statistical techniques which managers use. You will apply these techniques to relatively simple practical examples. To do this you need a calculator with a memory. For larger applications you will learn how to use Microsoft Excel to perform any of the calculations associated with these statistical techniques. The focus in this subject however is on how to analyze and interpret your own results or the output from Excel. You will learn how to apply these techniques by working with examples which are relevant to most major business disciplines and the functional areas of large organizations. These include examples from Accounting (particularly Auditing), Economics, Finance, Financial Planning, Human Resource Management, Information Technology, Logistics and Transport and Marketing.

"Business Statistics" is a course to introduce how to collect, analyze, process and interpret data, and it is closely integrated with economic, management, trade and many other specific cases in business practice analysis. This course is an introductory statistics class for undergraduate business students.

When you have successfully completed this course, you will be able to

1. Present and describe information using a range of numerical and graphical procedures.

2. Use Excel to obtain both the numerical and graphical outputs.

3. Understand the process which we call statistical inference where we use sample information to arrive at probable conclusions about population values.

4. Undertake estimation and hypothesis testing using your knowledge of probability theory and probability distributions.

5.Use regression and correlation analysis to uncover relationships between variables and to produce forecasts of the future values of strategic variables.

None

Prescribed Texts

Business Statistics, A first course,  David M. Levine, 7th ed, Pearson Press