Business Statistics

Course Overview

Course Code: MATH-247

Department: Mathematics

Credit Hours: 3.00

Illinois Articulation Initiative Number: IAI BUS 901

Textbook Information: Bookstore website

The basic concepts of statistical analysis used in business decision making, including probability and how uncertainty is dealt with in real life. The student will analyze and work out simple problems and should be able to recognize instances in which statistical techniques have been misused. The following concepts and statistical techniques are included: measures of central tendency and variability; random variables and probability distributions; binomial, normal and sampling distributions; estimation; tests of hypothesis; chi square tests; linear regressions and correlation; and one way analysis of variance. Prerequisite: MATH 143 with a grade of C or better and concurrent enrollment in MATH 124

Course Schedule


Term: Spring 2022

Section Name: MATH-247-OP01D

Location: Online

Available Seats: 21

Faculty Name: J. Palm

Min Credits: 3.00

Comments: This class must be completed at the same time as MATH 124. Students are REQUIRED to meet for a proctored midterm exam and final exam on the Main Campus, KC Education Centers, or an approved testing location. Students must log into the class and complete assignments during the first 4 days of the semester.

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