Discrete and Continuous Probability Distributions (Chapters 5, 6, 7).
Analyze the probability of given business outcomes using fundamental probability concepts for discrete and continuous probability distributions.
LO2-Sampling Methods and Central Limit Theorem (Chapter 8).
Apply concepts of sampling and the Central Limit Theorem in obtaining information that will facilitate the analysis of appropriate business issues.
LO3- Estimation and Confidence Intervals (Chapter 9).
Compute probability of given business outcomes by building one and two tailed confidence intervals for
Z and t probability distributions.
LO4, 5- One-Sample Tests of Hypothesis (Chapter 10).
Test different business hypothesis by applying the concepts of confidence intervals, test statistics, p-value, type I and II errors, sample sizes and finite populations. Draw statistical inferences from given business information, based on one and two tailed hypothesis tests.
LO6: Correlation and Linear Regression (Chapter 13).
Assess the likely relationships between dependent and independent variables in business situations using correlation and regression techniques.
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