Course Outline - Business Administration Program: Year 2 MATH 118 Business Statistics

Brief Course Description

Business Statistics is an introductory course designed to give students a working knowledge and understanding of descriptive and inferential statistics. Topics covered include uses and misuses of statistics, methods of sampling, collection and presenting data, measures of average and variation, probability theory and distributions, sampling distributions of means and proportions, confidence intervals, tests of hypotheses (large and small sample methods), analysis of variance, contingency tables, correlations and regression analysis, multiple regression, time series analysis, and forecasting techniques. Emphasis is placed on practical business applications.

Course Prerequisites

MATH 117

Learning Objectives*

On completion of the Unit the candidate will be able to:
  1. employ descriptive statistical methods to organize, summarize and display data in a meaningful way.
  2. make inferences about means and proportions of populations using sample data and probability theory.
  3. use sample data to conduct hypotheses tests concerning population parameters for single and multiple populations.
  4. utilize regression analysis to make predictions based on the relationship between variables made evident through sample data.
  5. calculate and interpret correlation measures to determine the strength of the relationship between variables
  6. conduct time series analysis to create forecasts and utilize statistical process techniques for quality control.

Required course materials*

Norean D. Sharpe Richard De Veaux Paul F. Velleman, Statistics Loose-leaf version (4th Edition) Pearson ISBN: 9780136970903 plus/ MyLab Statistics with Pearson eText- Access Card Package

Course Duration

The Course Duration is 64 Hours

Homework Hours

Course Homework Hours will be 10 hours per week approximately.

Delivery Methods

Indicate how the course is delivered: X In-class instruction
  • Distance education
  • Combined delivery (both in-class and distance)

Teaching Methods*

Teaching Methods will Involve Seminar Format, Lecture format and Laboratory Format depending upon the course demand

Method(s) of Student Evaluation*

Type of Assessment Value
Assignments 20%
Exams 80%
Total 100%

Completion Requirements*

A Candidate has to attain a minimum score of 50% overall to ensure successful course completion