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Institution:
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University of Rochester
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Subject:
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Description:
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Framing and Analyzing Business Problems is a two-quarter sequence. Both courses focus on teaching students how to approach unstructured business problems logically and empirically with the goal of informing business strategy and operational decisions. Issues stressed throughout the two courses include: 1) framing the relevant business question; 2) hypothesis formulation; 3) searching for relevant information and data; 4) describing data and graphical analysis; and 5) communicating the analysis. The courses introduce important statistical concepts and tools including basic statistical concepts (random variables, probability, basic descriptive statistics, expectations and variances); probability density and distribution functions (continuous and discrete distributions, joint and marginal distributions, binomial distribution and normal distribution); decision, risk and sensitivity analysis; estimation; hypothesis testing; and regression analysis.
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Credits:
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3.00
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Credit Hours:
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Prerequisites:
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Corequisites:
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Exclusions:
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Level:
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Instructional Type:
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Lecture
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Notes:
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Additional Information:
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Historical Version(s):
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Institution Website:
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Phone Number:
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(888) 822-2256
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Regional Accreditation:
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Middle States Association of Colleges and Schools
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Calendar System:
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Semester
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