ECO 170◊ Statistics for Business and Economics

3 credits

Last Update Effective: 8/31/98

Covers the basic concepts of statistical analysis used in business decision making and methods of analyzing quantitative economic and business data. The student will learn how to work out basic problems and be able to apply different statistical techniques. The following concepts and techniques are included: descriptive statistics, measures of central tendency and variability, probability, random variables, binomial and normal distributions, sampling distributions, large and small sample statistical inference, including estimation and hypothesis testing, the chi-square distribution, linear regression and correlation and an introduction to the use of computers in statistical analysis.

Prerequisite: MAT 110◊ or placement into calculus or finite math

Lecture: 3 hours — IAI: M1 902; BUS 901