
Credit Unit 1 will begin by starting the framework of your understanding of quantitative methods. You will learn the terminology used and strengthen your basic numeracy skills. With any course that is heavily dependent on math skills, doing well on this introductory Module will ensure your success in future Modules. You will learn valuable skills for subsequent Credit Units in this course. Skills include a basic understanding of probability and central tendency.
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.