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This course presents statistical reasoning and application of primary statistical techniques used in
solving managerial problems. Topics include: collection and interpretation of data, measures of central
tendency and dispersion, probability distributions, sampling and estimation, hypothesis testing, analysis
of variance, linear regression and correlation and index numbers.
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(54 hours lecture; Degree appropriate, CSU, UC)
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Prerequisite:
MATH 71 - Intermediate Algebra
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Course Measurable Objectives:
- Select appropriate statistical methods that pertain to business and economic problems.
- Apply principles of inferential statistics in areas of estimation, sampling and hypothesis testing in production, sales, revenue and profits.
- Design and develop a statistical survey for a business with specific economic problems, using proper central tendency and dispersion measures.
- Analyze business problems through the collection of statistically relevant primary and secondary data.
- Arrange the data and draw histograms and ogives.
- Analyze probability distributions and use a variety of statistical/ probability tables.
- Evaluate regression and correlation coefficients.
- Determine conclusions for decision making based on an analysis of the statistical treatment of economic data.
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Course Level Student Learning Outcomes:
Students completing BUSC 17 - Applied Business Statistics will:
- be able to write a complete research survey questionnaire.
- be able to collect both primary and secondary data.
- be able to tabulate and graph the collected data.
- be able to analyze the data critically and will be able to suggest recommendations.
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NOTE:
Every effort is made to ensure the accuracy and timeliness of this information; however, students should consult
the
college catalog
for the most current and accurate information regarding degrees,
certificates, or courses.
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