Description:

This course is designed to familiarize students with the basic concepts of business statistics and provides a comprehensive overview of its scope and limitations. This is equivalent to a three credit Statistics course at most colleges.

Students perform statistical analysis of samples, compute the measures of location and dispersion, and interpret them for descriptive statistics. Linear regression, multiple regression, and correlation analysis are performed, as is model building, model diagnosis, and time series regression using various models.

Basic concepts of probability are described, and the discrete and continuous distributions of probability are applied. Other topics include constructing a hypothesis on one and two samples, performing one-way and two-way analysis of variance, and applying nonparametric methods of statistical analysis. Making decisions under risk and under uncertainty are also examined.

StraighterLine courses are accepted at any college that awards credit for courses approved by the American Council of Education and at StraighterLine's regionally accredited partner colleges. Courses come with up to 10 hours of one-on-one, on-demand, online tutoring.

Goals:

After completing this course, students will be able to:

• Define statistics and identify its scope and limitations.
• Describe and apply the basic concepts in statistics.
• Apply the sampling methods and the Central Limit Theorem to perform statistical analyses of samples and to predict population behavior.
• Compute and interpret measures of location and dispersion.
• Represent the statistical data in different forms and interpret the different representations.
• Perform multiple regression and correlation analysis.
• Describe the basic concepts of probability.
• Describe and apply the discrete and continuous distributions of probability.
• Conduct hypothesis tests based on one or two samples.
• Perform one-way and two-way analyses of variance (ANOVA).
• Apply nonparametric methods of statistical analysis.
• Perform time series regression using various models.
• Perform model building and model diagnoses.

Grading System:

raighterLine does not apply letter grades. Students earn a score as a percentage of 100%. A passing percentage is 70% or higher.

There are a total of 540 points in the course:

School Description:

Featured in Business Week, Forbes and the New York Times, StraighterLine offers for credit, online college courses in math, writing, accounting, and economics -- required for all degrees -- for $99 per month + $39 per course.

These courses are:
• Accepted at thousands of colleges.
• Self-paced and can be started at any time.
• Supported by live, online tutoring up to 24/7.
• 100% online.