207Qua

Business Statistics (QUA 207)

Course description The course is designed for Business Statistics. It is basically deals with inferential statistics, which will be the focus of the course. The topics covered in the course include Central limit theorem and sampling distribution; statistical inference involving means, proportions; ANOVA; Chi-Square Tests; and simple regression.

Course objectives
The main objective of this course is to provide basic knowledge about inferential statistics for the purpose of making effective business decisions.
The objectives of the course can be sated as follows:
 Construct and interpret confidence interval estimates for sample statistics.
 Compute probabilities related to sample statistics.
 Determine the sample size necessary to develop confidence interval estimate for a parameter.  How to use hypothesis testing to test parameters.
 Compare the parameters of two populations.
 Compare the means of two and more than two populations.
 Learn when to use the chi-square test for contingency tables.
 Learn to use regression analysis and evaluate its assumptions.
 Use statistical programs (such as SPSS or Microsoft Excel)
Required Materials David M. Levine, Kathryn A. Szabat, David F. Stephan: Business Statistics: A First Course, 7th Global Edition, Pearson. Textbook ISBN-13: 978-1-292-09593-6 MyLab Statistics:
You are required to purchase access to MyLab Statistics, if you fail to do so you will lose up to 20% of total course credit. Required Chapters: 7, 8, 9, 10, 11, and 12