Business Statistics
General
Prefix
IS
Course Number
242
Course Level
Undergraduate
Department/Unit(s)
College/School
Herberger Business School
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. Statistical software. Tutorial.
Prerequisites
Credits
Min
4
Max
4
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
Select and use appropriate statistical methods, including:
(a) study design
(b) graphical and numerical summaries
(c) probability models
(d) z-scores and the normal distribution
(e) one- and two-sample hypothesis tests and confidence intervals
(f) chi-square tests
(g) simple and multiple linear regression
(h) analysis of variance
(i) time series analysis
(j) quality control
(k) decision theory
Outcome
Correctly analyze a business problem through the application of an appropriate statistical method and the appropriate use and interpretation of statistical software.
Outcome
Evaluate the validity of a statistical analysis of data.
Dependencies
Courses
IS242
is a
prerequisite
for:
Programs
IS242
is a
completion requirement
for:
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