This six-week course demonstrates the use and application of modern statistical principles to achieve business improvement, examine the issues of variation of populations, probability, hypothesis testing, and statistical modeling to solve practical questions. The application of decision theory and time-series analysis to assist business are explored. Case studies are used by students to apply their understanding of course concepts to real-life situations.
Students must have access to Mircosoft Excel 2000 or later, and the included statistical support module, or similar program such as MINITAB, to complete some assignments.
Prerequisite: Mircosoft Excel with statistical component required or other statistics software.
Course Credit: 3 Credit Hours