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EST 2703 Statistics


Course Description

Emphasizes mathematical concepts. Includes measures of central tendency and spread; probability; binomial, normal and distributions; statistical inference; and linear regression and correlation.

Course Objectives

Upon completion of this course, students should be able to

  • Enhance Critical Thinking Skills
    • Ability to interpret statistical output
    • Ability to use statistical analysis to make business decisions
    • Ability to match appropriate statistical tool with problem
  • Enhance Technical Skills
    • Working with Secondary Data Sources
    • Generating Statistical Output using Excel, and/or SPSS
  • Foster Ethical Practices
    • Detecting Fraud, Absenteeism and Discrimination
    • Abuses: data mining, ignoring negative information, fitting results to a predetermined conclusion

Week 1


Lecture: Course Introduction
Lecture: Definition and Terms
Lecture: Tabulating and Graphing Categorical Data
Lecture: Organizing Numeric Data

Week 2


Lecture: Measures of Central Tendency
Lecture: Measures of Variation

Week 3


Lecture: Basic Probability and Boolean Concepts: Part 1
Lecture: Basic Probability and Boolean Concepts: Part 2
Lecture: Counting

Week 4


Lecture: Discrete Probability Distribution: Part 1
Lecture: Discrete Probability Distribution: Part 2

Week 5


Lecture: Continuous Distributions and the Normal Distribution: Part 1
Lecture: Continuous Distributions and the Normal Distribution: Part 2
Lecture: Sampling Distributions

Week 6


Lecture: Confidence Intervals: Part 1
Lecture: Confidence Intervals: Part 2

Week 7


Lecture: Hypothesis Testing: Part 1
Lecture: Hypothesis Testing: Part 2
Lecture: Hypothesis Testing: Part 3

Week 8


Lecture: Quality and Process Management: Part 1
Lecture: Quality and Process Management: Part 2

The course description, objectives and learning outcomes are subject to change without notice based on enhancements made to the course. March 2012