BUSN 219 - Business Statistics

3 Credits: (3 lecture)

Course Description
This course introduces business students to statistics. Emphasis is on the application, interpretation, and presentation of statistics in real world situations. Students will learn why, when, and how to use statistics and statistical data to enhance decision making.

Prerequisite A grade of “C” or better in MATH 101.

Groebner, D. F., Shannon, P. W. & Fry, P. C. (2024).  Business statistics: A decision making approach (11th ed.).  New York City, NY: Pearson. 

or 

Berenson, M. L., Levine, D. M., Szabat, K. A. & Stephan, D. F. (2019).  Basic business statistics (14th ed.).  New York City, NY: Pearson. 

Objectives
The student will be able to: 

A. Create and interpret tables and charts. 

B. Calculate and interpret descriptive statistical measurements. 

C. Recognize and interpret various distributions. 

D. Compute probability. 

E. Identify appropriate samples and research methods. 

F. Formulate and test hypotheses. 

G. Draw conclusions and recommend action based on statistical information. 

H. Apply statistical concepts to actual business scenarios. 

Content
A. Descriptive Statistics   

B. Probability and Distributions 

C. Correlation and Regression 

D. Inferential Statistics 

E. Quality Control 

Student Evaluation
Student grades will be based on a minimum of four exams, two projects, and a comprehensive final exam.