Catalogue 2016 - 2017

BIS 221 Statistics for Business Analytics


3 cr.


BIS 102 and QR 112 or MATH 120

Course Description

This course will focus on the business analytics process. Topics will include problem definition, data preparation and statistical analysis. The course builds on descriptive statistics and probability topics taught in the QR 112. Students will learn how to design and conduct a statistical study, how to analyze collected data, as well as how to interpret and communicate the outcomes. Specific statistical methods taught include: estimation of the major population, hypothesis testing for single and multiple parameters, regression analysis, nonparametric statistics, decision analysis, and forecasting methods. A spreadsheet program and a professional statistical package are utilized.