|
|
|
This course delves into statistical and measurement techniques that are used to analyze, interpret, and present data, including, but not limited to, descriptive statistics, hypothesis testing, probability distributions, sampling, analysis of variance, correlation and linear regression. The emphasis of this course is on selecting the optimal statistical/measurement technique and in interpreting the results.
Learning Outcomes: - Describe types of statistics (descriptive and differential), variables, and levels of measurement.
- Discuss the various numerical measures available to describe data for statistical analysis.
- Analyze the usefulness of describing, displacing and exploring data.
- Identify the appropriate use of probability concepts for data analysis.
- Discuss the applicability of continuous probability distributions.
- Appraise various sampling methods and their practical usefulness.
- Identify and explain the one and two sample tests of hypotheses.
- Construct advanced statistical methods for business.
- Critique how the manager uses statistical methods such as analysis of variance, linear regression, and correlation.
- Discuss multiple regression and correlation analysis and their practical application.
- Apply the appropriate use of statistical methods such as index numbers, time series and forecasting.
- Describe Chi-Square applications and their practical usefulness in business.
- Discuss analysis of ranked data and how it is applied to overall financial review.
- Assess how statistical process control contributes to quality.
- Describe decision theory and contributions to a successful organization.
- Discuss the overall benefit of statistical analysis for the manager.
- Introduce self and explain course expectations.
- Integrate the course concepts through interaction with other Learners and your Mentor.
- Access information efficiently and effectively.
- Evaluate information critically and competently.
- Practices ethical behavior in regard to information and information technology.
- Evaluate course learning as it relates to best business practice.
- Identify and explain your rationale for a given thought or opinion.
| |
|