A basic principles course emphasizing statistical techniques, particularly their application to business and economics. The study of descriptive statistics leads to an understanding of measures of dispersion and central tendency. With this background the student progresses to probability and sampling theory leading to inferential statistics. Various tests of significance are studied including chi-square, analysis of variance, and the binomial distribution using real world examples. Finally, the relationship between data is studied using regression and correlation analyses. The use of the computer will be introduced throughout the course.
Prerequisites: a "C" in BUAD 101; ACCUPLACER elementary algebra score of 74, or a "C" in MATH 102 or 118