Statistics - C 104

Course Objectives

1. Explain the needs and functions of the field of statistics.
2. Construct and implement the tasks for data collection and data presentation.
3. Explain the purpose of descriptive measures.
4. Develop and apply methods of inferential statistics.
5. Compute and interpret probabilities.
6. Provide accurate estimation of the population mean by applying confidence. interval for known and unknown standard deviation.
7. Explain the relationship between sample size, standard deviation, confidence level and margin of error for confidence interval for µ
8. Explain the logic behind hypothesis testing.
9. Discuss the basic strategy for comparing the means of two populations based on independent/paired samples.
10. Explain the reasoning behind the Chi-Square goodness-of-fit-test.

Course Content

• The Nature of Statistics
• Organizing Data
• Descriptive Measures
• Descriptive Methods in Regression and Correlation
• Probability and Random Variables
• The Normal Distribution
• The Sampling Distributions of the Sample Mean
• Confidence Intervals for One Population Mean
• Hypothesis Tests for One Population Mean
• Inferences for Two Population Means
• Inferences for Population Proportions
• Chi-Square Procedures
• Analysis of Variance (ANOVA)
• Inferential Methods in Regression and Correlation

Recommended Text:

Neil A. Weiss. Elementary Statistics, 8th Edition. Pearson 2011.

Levine, Krehbiel & Berenson. Business Statistics, A First Course. 6th Edition. Prentice Hall. 2012.