Course syllabus for STAT 361 Statistics for Management I
Course description: This course is designed to introduce basic statistical concepts which can be used to aid in business decision making. It is the first of a sequence of two courses and will cover material through interval estimation. Topics include descriptive statistics, probability and probability distributions, sampling distributions, confidence intervals and hypothesis testing.
It will be assumed that all students have a background in mathematics through College Algebra and that you either know or can learn quickly summation notation which is used in writing statistical notation.
After completing this course you should be able to:
- summarize the important characteristics of a data set
- present data in an easily interpretable form.
- compute and interpret various probabilities
- apply various probability distributions to real problems
- construct and interpret confidence intervals
- perform and interpret hypothesis tests
Keith, Nathan R., "STAT 361 Statistics for Management I" (1996). Statistics Syllabi. 44.