ECO 170◊ Statistics for Business and Economics

3 credits

Last Update Effective: 8/21/16

Basic concepts of statistical analysis used in business decision-making and methods of analyzing quantitative economic and business data, including descriptive statistics, measures of central tendency and variability, probability, random variables, binomial and normal distributions, sampling distributions, large and small sample statistical inference, estimation and hypothesis testing, the chi-square distribution, linear regression and correlation, t and F tests and analysis of variance, and an introduction to the use of technology in statistical analysis.

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

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