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Dec 21, 2024
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OPMG 000/5211 - Statistics in Business (1.5 cr.)
Prerequisites
Co-requisite: FINC 5211
Description
This course provides a basic introduction to statistics as applied to finance, business, and accounting problems. Conceptual understanding of the concepts is stressed. Students will learn both limitations of statistics and how to interpret results. Hands-on experience in applying the concepts using Excel and SPSS is an integral part of the course. Topics include graphical & tabular descriptive techniques, random variables and descriptive probability distributions, continuous probability distributions, sampling distributions, estimation, hypothesis testing, regression analysis, and analysis of variance. Application areas used include finance (e.g., portfolio construction), operations (e.g., statistical process control), and marketing.
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