GB 210 - Business Statistics

Institution:

Bentley University

Subject:

Description:

Prerequisite(s): MA 111 or equivalent Note: Not open to students who have previously taken ST 241 or MA 251 or GB 204 or GB 205 This course develops the basic descriptive and inferential statistical concepts and techniques useful in making a wide range of business decisions. Topics include graphical and numerical techniques for summarizing and describing qualitative and quantitative data; the nature of uncertainty and the basics of probability theory for describing and understanding that uncertainty such as expected value; and the concept of random models including the binomial and normal random variables. An introduction to random sampling and sampling distributions will be presented along with a discussion of the common statistical inference techniques used to analyze the sample data. Specific inferential topics include confidence intervals, hypothesis testing and regression analysis. Numerous examples of business related applications are emphasized throughout the course. The use of Excel for analyzing qualitative and quantitative data sets will be integrated throughout the course material.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.bentley.edu

Phone Number:

(800) 523-2354

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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