
Building off of Credit Unit 1, a strong understanding of probabilities and central tendency will help you throughout this Credit Unit. Module 1 begins with a look at probability distribution. An exciting element built into Module 1 is how co-variance is used to understand elements of finance. In Module 2 you will learn about normal distribution and how to solve business problems. Lastly, in Module 3 you will learn various sampling methods.
Course Outcomes:
- Understand the meaning and use of statistical terms used in today’s business/economic environment.
- Collect, organize, summarize, interpret, and present data in tables and charts.
- Apply descriptive statistical measures to data.
- Apply probability distributions to model various business and economic processes.
- Apply statistical inference techniques (including statistical estimation and hypothesis testing) in various business and economic situations.
- Apply simple linear regression analysis to model various business and economic relationships.