MAT 161 - Business Statistics

Credit(s) 3.00
Lecture Hours: 3.00
In this course, students will learn statistical techniques for further study in business, economy, and finance. Topics include frequency distributions, cumulative frequency distributions, relative frequency distributions, histograms, measures of central tendency, measures of dispersion, probability, the Central Limit theorem, confidence interval estimates, methods of sampling, hypothesis testing, analysis of variance, correlation analysis, linear and multiple regression analysis, t-test, F-test, chi-squared test, time series, and forecasting, statistical quality control, and statistical decision-making.

Prerequisite(s): A minimum grade of C- in MAT 067 or MAT 156 or minimum math placement score based on college assessment within the last two years. Immediate prerequisite course must have been completed within the last two years.
SLOs:
Upon successful completion of this course students will be able to:

Develop a comprehensive understanding of how statistics is used in the business world, ranging from the theoretical perspective to the application of statistical information in business decision-making.
Create, implement, and apply a statistical study.
Employ quantitative methods to solve problems.