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IAI Major Course Description - BUS901 : Business Statistics

(3-4 semester credits)

At the conclusion of this course, students will be able to:

  • Determine appropriate mathematical techniques and statistical tests required to evaluate
  • data in order to answer questions related to business situations.
  • Identify and use statistical tools and quantitative reasoning to extract information from
  • data, interpret the findings and demonstrate the ability to make and communicate
  • informed business decisions.
  • Determine and execute appropriate statistical tests using historical business data to
  • evaluate current climate and infer population parameters.
  • Statistical Tools studied should include but are not limited to:
    • Descriptive measures of populations and samples, central tendency and variability, probability theory, interval estimation, hypothesis tests of means and proportions, simple linear regression, chi square tests, and one-way analysis of variance

Special Note from the panel:  The panel recommends that students take College Algebra before enrolling in BUS 901.  In addition, the panel also strongly recommends that students take IAI MATH M1 906: Finite Mathematics or IAI MATH M1 900-1 College-level Calculus or IAI MAT M1-900B Business Calculus before they transfer, especially if they intend to transfer as a Business Major (or related field) at a 4 year institution.

REVISED 04/08/2016



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