This course takes a practical approach to learning the basics of statistics and probability for Business majors. It covers quantitative reasoning and incorporates the interpretation of numerical data. Students are presented with the key tasks of 1) collecting data, 2) summarizing data, and then 3) interpreting data.
The course covers descriptive statistics including measures of central tendency (mean, median, mode) and variability (interquartile range, standard deviation). The course also covers inferential statistics including drawing conclusions about a population based on sample data and analyses including correlation, t-test, and simple / multiple linear regressions.
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