BAST1206 - Managerial Statistics
BAST1206 Managerial Statistics 3 Credit Hours
Prerequisites BAMA 1101 (Business Math)
Goal This course is designed to provide students with knowledge on how to solve business problems by applying statistical principles.
Objectives Outcomes
  1. To provide students with adequate statistical tools and enable them to understand some basic descriptive and analytical statistical method. Topics covered include regression and correlation analysis and time-series. Also students in this course will:
  2. Understand and discuss some of the issues and problems associated with collecting and interpreting data from surveys, and other statistical studies.
  3. Understand the concepts of probability, random variables and their distributions, in particular the binomial distribution and normal distributions.
The students should be able to:

  1. Design surveys and collect relevant data.
  2. Present results in a logical and readable format.
  3. Identify techniques to consider a structured problem.
  4. Summarize and present statistical data by using means, measures of dispersion and graphs.
  5. Estimate population parameters from sample statistics with appropriate confidence intervals.
  6. Present data using different types of graphical and tabular representation.
  7. Use simple and multiple regression models to estimate and test for linear relationships between a dependent variable and one or more independent variables.
  8. Compute simple and multiple correlation coefficients.
  9. Use a time-series model to identify and calculate trend and seasonal variation.
  10. Work as a member of learning set/group.