Statistical Methods I for Business
General
Prefix
STAT
Course Number
242
Course Level
Undergraduate
Department/Unit(s)
College/School
College of Science and Engineering
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
Credits
Min
4
Max
4
Repeatable
No
Goals and Diversity
MN Goal Course
No
Cultural Diversity
No
Learning Outcomes
Outcome
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.
Outcome
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.
Outcome
Students will be able to evaluate the validity of a statistical analysis of data.
Dependencies
Courses
STAT242
is a
prerequisite
for:
Programs
STAT242
is a
completion requirement
for:
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