This is an introduction to the basic statistical concepts applied to economic and business problems and fundamental concepts and tools needed to understand the emerging role of analytics in organizations. Topics include tabular, graphical, and numerical methods for descriptive statistics; measures of central tendency, dispersion, and association for sets of data; probability; discrete and continuous probability distributions; sampling and sampling distributions; an introduction to confidence intervals; and tools in descriptive, predictive and prescriptive analytics. The solution of problems using spreadsheets is integral and mandatory for this course.
Prerequisites
MA 108 or a semester high school pre-calculus or trigonometry, or Math placement test.