Applied Business Statistics

Course Code
TO 501
3 hours
  • Winter 18
  • Winter 19
No credit in TO 502

Applied Business Statistics --- Evening MBA Core Course. Mathematics review; descriptive statistics, and the graphical description of data. Calculation of even probabilities, random sampling, and assessing personal probabilities. Normal, binomial, and Poisson distributions. Sampling distributions and the tabular analysis of large data sets. Confidence intervals and tests of hypotheses. The computer will be used to demonstrate these topics. Decision trees and expected value of information. Quality control charts; simulation models. Correlation and regression analysis with diagnostics. Framing hypotheses based on large data sets; survey sampling concepts.

Taught By
Peter Lenk
  • Professor of Technology and Operations
Peter Lenk studies Bayesian inferential and forecasting models. He has applied these models to marketing, finance, and information science. In...