STAT242 - Statistical Methods I for Business

General

Prefix
STAT
Course Number
242
Course ID
00163156
Course Level
Undergraduate
Instruction Mode
Lecture
Department(s)
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. Prereq.: MATH 106 or MATH 196 or MATH 112 or equivalent.
Cross Listed Courses

Prerequisites

Credits

Min
4
Max
4
Repeatable
No

Goals and Diversity

MN Goal Course
No
MN Goal Designation(s)
-
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

No dependencies