Course: SOM 120. Basic Business Statistics (3)
Prerequisite: MATH 103 or a higher-level mathematics course with a grade of “C” or higher. Basic elements of statistics for students in business and economics. Descriptive statistics, elements of probability, probability distributions (including normal), sampling distributions, statistical inference for means and proportions (including estimation and hypothesis testing), simple linear regression and correlation. Applications of these topics in business and economics are emphasized. The course requires assignments in which students are required to explain the results of statistical computations using personal computer software.