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.