Business and Management Statistics

3 credits · Undergraduate

(3 hrs Lecture) This course surveys quantitative management science techniques used in both the private sector and government. The contents include classical decision-making, utility for money, statistical and Bayesian decision-making, decision trees, index numbers and their properties, elementary quality control, and decomposition of time series and seasonal and cyclical analysis. Emphasis will be on having students communicate effectively through essays and term projects. Requisite Courses: STAT-1302 or STAT-2001 [prerequisite(s)].