Searching…

University Catalog

Print Page



STAT 242. Statistical Methods I for Business

Credits: 4
Department: Mathematics & Statistics
Description: Business problem solving: Data collection, summarizing and describing data, estimation and hypotheses testing, analysis of variance, regression analysis, time series, quality control, decision analysis. Use of statistical software.
Prerequisites: MATH 196 or MATH 112 or equivalent
Semester Offered:
  • Fall
  • Spring
  • Summer
Grading Method: ABCDF

Student Learning Outcomes

1. Students will be able to select and use appropriate statistical methods, including: study design, graphical and numerical summaries, probability models, z-scores and the normal distribution, one- and two-sample hypothesis tests and confidence intervals, chi-square tests, simple and multiple linear regression, analysis of variance, time series analysis, quality control, and decision theory.
2. Students will be able to analyze a business problem through the application of an appropriate statistical method and the appropriate use and interpretation of statistical software.
3. Students will be able to evaluate the validity of a statistical analysis of data.






The contents in this catalog and other university publications, policies, fees, bulletins or announcements are subject to change without notice and do not constitute an irrevocable contract between any student and St. Cloud State University.