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Mar 28, 2026
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QM 202 - Statistical Methods for Business
An in-depth study of descriptive statistical concepts, techniques, and tools applicable to business and business decision-making. Methods of collecting, summarizing, and describing data and related measures of central tendency and dispersion are examined. Students describe and analyze data using measures of central tendency and descriptive statistical tools, including graphs and other comparative techniques. Topics include data types, probability, sampling, sampling distributions, and estimation.
Credit(s): 3
Prerequisite(s):
MTH 300 .
Outcomes
- Identify and analyze data in a variety of forms.
- Apply the concepts of central tendency and dispersion, probability, and sampling to data sets.
- Evaluate business problems to determine the correct statistical tool necessary to solve the problem.
- Interpret and explain the results of statistical computation.
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