BUS-223 Business Statistics
Business Statistics addresses the basic concepts of statistical analysis used in business decision-making, including the use of probability to deal with uncertainty. The student will analyze and work out simple problems and will be able to recognize the application of different statistical techniques, interpret the results of analyses, and recognize instances in which statistical techniques have been misused. Statistical concepts and techniques covered include measures of location, measures of variability, sampling distributions, interval estimation, hypothesis testing, variance analysis, and simple linear regression.