Course Description
Introduction to statistical methods with applications in economics and business. Topics include descriptive statistics, probability, statistical inference, correlation, and regression. Emphasis on problem solving with microcomputer applications. Prerequisite: An acceptable score on the mathematics placement test or any one of the following: MAT 115, MAT 118, MAT 120, MAT 150, MAT 151, MAT 190, MAT 191, MAT 196, MAT 292, MAT 296.
Syllabus
Student Learning Outcomes, Goals, Objectives:
Students successfully completing this course will be able to:
- Interpret and calculate commonly used descriptive statistics, including measures of central tendency and dispersion;
- Use probabilities and probability distributions to calculate the likelihood of uncertain events;
- Understand the notions of sampling, sampling distributions, and the central limit theorem;
- Calculate and interpret confidence intervals;
- Understand and conduct hypothesis tests and understand the various types of errors that can occur;
- Understand correlation and regression analysis to quantify the relation between two variables.
Course Grading Information:
| Activity/Performance Measure | Percentage/Points |
|---|---|
| MindTap homework assignments | 15% |
| Canvas check-in quizzes | 10% |
| Exam 1 | 25% |
| Exam 2 | 25% |
| Exam 3 | 25% |
Grading Scale:
| Percentage | Letter Grade |
|---|---|
| 93% + | A |
| 90% - 93% | A- |
| 87% - 90% | B+ |
| 83% - 87% | B |
| 80% - 83% | B- |
| 77% - 80% | C+ |
| 73% - 77% | C |
| 70% - 73% | C- |
| 67% - 70% | D+ |
| 63% - 67% | D |
| 60% - 63% | D- |
| Below 60% | F |
Attendance/Participation:
Attendance is not required but highly encouraged.
Course Materials Purchased by the Students:
All students are required to purchase access to MindTap, Cengage’s online learning platform that will be used for homework assignments. The platform also provides access to a digital, online-only version of the textbook (Essentials of Modern Business Statistics with Microsoft Excel [9th ed.]).
Scholarly Perspectives
This course engages diverse scholarly perspectives to develop critical thinking, analysis, and debate and inclusion of a reading does not imply endorsement.