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 assignments | 35% |
| Unit check-in quizzes | 20% |
| Exam 1 | 15% |
| Exam 2 | 15% |
| Exam 3 | 15% |
Grading Scale
| Percentage | Letter Grade |
|---|---|
| 93% - 100% | 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- |
| 0% - 60% | F |
Attendance/Participation:
Attendance/participation is not a graded component included in the student's final grade for this course.
Course Materials Purchased by the Students:
All students are required to purchase access to MindTap, Cengage’s online learning platform.
Scholarly Perspectives
This course engages diverse scholarly perspectives to develop critical thinking, analysis, and debate and inclusion of a reading does not imply endorsement.