BUS 216 Probability and Statistics for Business and Economics

3 credit(s)

Prerequisite(s): MTH 161
Students should determine requirement of 4-year transfer institution prior to selection. Business Administration students may choose MTH 245 as an alternative to BUS 216.

Introduces methods of probability assessment and statistical inference. Includes data collection and presentation; descriptive statistics; basic probability concepts; discrete and continuous probability distributions; decision theory; sampling and estimation; and hypothesis testing. Emphasizes business and economic applications. Utilizes computer software as a tool for problem solving. Lecture 3 hours per week.

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BUS 216 Probability and Statistics for Business and Economics