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Nov 21, 2024
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MB 6110 - Fundamental Statistics and Analytics2 lecture hours 4 lab hours 4 credits
Course Description
This course reviews and applies the foundational concepts of statistics and analytics to common problems and scenarios found in the business domain. The focus on descriptive and diagnostic statistical techniques helps prepare students for more advanced study of prescriptive and predictive analytics. Topics include interval estimation, hypothesis testing, parametric and nonparametric tests, and an introduction to advanced analytics. (prereq: graduate standing)
Course Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Apply fundamental concepts in the use and interpretation of statistical methods
- Prepare data for use in statistical and analytical processes
- Generate and interpret descriptive statistics related to business scenarios
- Use diagnostic analytics to inform solutions to business problems
- Select an appropriate statistical or analytic method to address a given business problem
- Communicate the meaning of statistical or analytic results to stakeholders
Prerequisites by Topic
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