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MATH 5001

This course introduces the basic concepts of statistics and some of the statistical techniques most commonly used to support business decisions. The course begins with a coverage of descriptive statistics, probability distributions, sampling distributions and the central limit theorem, followed by an introduction to inferential statistical methods to compare means and proportions across samples, as well as identify associations between different types of variables. Special attention is given to the assumptions that underlie statistical tests. In addition to traditional hand computations, students gain experience working with both syntax and GUI-based analytic software.