STAT242

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Statistical Methods I for Business

Computing, Informatics & Data ScienceUndergraduateCollege of Science and Engineering

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.