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MATH 5005

This course introduces students to the statistical methods and tools most commonly used in accounting and finance including summarizing data; graphically presenting data; measuring and analyzing statistical data; utilizing probability and sampling distributions; performing hypothesis tests of means, variance, and independence; creating and analyzing control charts; and performing simple/multiple regression with applications to forecasting. Linear programming using technology will be addressed. This course emphasizes how to apply various descriptive and inferential statistical techniques in the support of making accounting- and finance- related decisions. Statistical software and programmable calculators are used to present and analyze statistical data.