Statistics I for Business and Economics

3 credits · Undergraduate

(3 hrs Lecture) This course introduces students in business and economics to statistical analysis and applications. Students learn to graph and analyze data using Excel. Topics include descriptive statistics, basic probability including counting techniques, discrete random variables and their expected values and variances, the normal probability distribution and its applications, sampling distributions, hypothesis testing and estimation of parameters. Restrictions: Students may not hold credit for this course and STAT-1301 | STAT-1501. Requisite Courses: Pre-Calculus Mathematics 40S or Applied Mathematics 40S [prerequisite(s)].