STAT 281 Applied Statistics for Management

An introduction to statistics with focus on a variety of business applications. Students will build numeric and graphical summaries of data, apply sampling and basic probability terminology, identify features of the binomial distribution, use the normal distribution and the Central Limit Theorem to find probabilities, construct hypotheses and test them, discuss conditions and potential errors, build confidence intervals, and estimate parameters in simple linear regression and discuss their strength. An introduction to statistics in Excel is included as an aid. A scientific calculator with STAT mode for data entry is required