An examination of the increasing complexity of business problem-solving confronting today’s managers, this course covers the role statistics and forecasting play in the business decision-making process, as well as the principles and steps involved in planning and conducting business research. Within the context of this course, students propose to study a situation that exists within an organizational setting and identify a faculty research advisor with knowledge in the focus area.
- Explain and apply descriptive statistics, probability theory, discrete random variable, continuous random variables, central limit theorem, and analysis of variance.
- Perform hypothesis testing.
- Explain and apply analysis of variance, linear regression analysis, correlation coefficient, and coefficient of determination.
- Define a specific research problem, identify and defend the appropriate research design to answer the research question, and develop a basic outline for a research project in which the elements involved are explicitly identified.
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School of Business and Management
“Our business and management programs equip students with the knowledge and tools needed to lead their organizations and stay competitive in the job marketplace.”School of Business and Management