Business Statistics

Course Code: MATH-248

Department: Mathematics

Credit Hours: 4.00

Illinois Articulation Initiative Number: IAI BUS 901

Textbook Information: Bookstore website

Topics include 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 placement into Math 248; or the completion of MATH 134 or MATH 160 with a grade of C or better. Refer to placement chart in college catalog for detailed information.