Introduction to Business Statistics

Business statistics provides a basic understanding of commonly used statistics to prepare students for more advanced statistics courses. This course emphasizes in understanding basic materials in statistical analysis that are very necessary for students to make decisions from data. Business statistics studies the process of using data from a sample to make estimates and test hypotheses about the characteristics of a population. This course provides a basic understanding of commonly used statistics to prepare students for more advanced statistics courses. This course emphasizes in understanding basic materials in statistical analysis that are very necessary for students to make decisions from data.

The contained materials are introduction about data and statistics, descriptive statistics, introduction to probability, discrete probability distributions, continuous probability distributions, sampling and sampling distributions, interval estimation, hypothesis tests, analysis of variance, and simple linear regression. This course is related to research methodology and thesis.

Learning outcomes after studying business statistics are students will be able to identify the concept of statistics, students to be able to calculate statistical measurements of business and economic problems with the right method and students will be able to construct the suitable decision from statistical method solution. Thus, business statistics can help make evidence-based decisions.