Course title and alternative titles:
- Business Statistics
- Statistics for Business
Overview
This course introduces the 1st year students to the basic statistical techniques and tools that are widely used in modern business environment. It encompasses a brief introduction to statistics, data presentation, measurement of central tendency and dispersion, probability concepts, correlation, regression analysis, and hypothesis testing. In addition, there are several lab classes, in which students will practically learn how to perform basic statistical analysis using computer software. The knowledge and techniques taught in this course will be particularly useful for the students in rest of their BBA/MBA program (especially in quantitative courses).
Objectives
After successfully completing this course, the student should be able to:
- Define and describe statistics, data, information, variables, population, sample, and other related concepts
- Measure the middle-point and dispersion of a sample/population using the most widely-used approaches, and critically interpret the results
- Present a bunch of data in tables, graphs, and charts
- Find out the probability of occurring an event at various circumstances
- Measure the relationship between two variables
- Forecast the state of an unknown variable based on a given variable
Contents
Detailed contents are only available on the print edition of course outline, which has already been distributed in the class. You may download the soft copy using this method >
Textbook and Study Materials
- Textbook: “Statistical Techniques in Business and Economics”, by Lind, Douglas A.; Marchal, William G.; Wathen, Samuel Adam. 16th edition. Publisher: McGraw Hill Higher Education.
- Calculator: Do not enter the classroom without calculator. Any good scientific calculator should serve the purpose. However, if you are planning to buy a new one, these are the recommended models to choose from: