COURSE DESCRIPTION :
This course is offered to the second year students with an overall picture of the scope and structure of business statistics. The objective of this course is to provide the students a practical understanding of some widely used statistical tools and methods and the ability to use this knowledge to prepare a quantitative study, process the gathered data and interpret its results.

INSTRUCTIONAL METHODOLOGY :
The course is developed through lectures, discussion and numerical problem solving sessions. Students are expected to thoroughly read text materials and participate in class discussion. Will be covered in class :
- Introduction : What is statistics ?
- Methods for describing sets of data
- Measures of position ; measures of dispersion
- Relationships between qualitative variables
- Forecasting techniques
- Probability concepts
- Random variables ; probability distributions
- Normal distribution ; estimation of a population mean or proportion

TEXT:
Business Statistics : A Decision-Making Approach,Groebner, Pearson, 1stEd, 2010

EVALUATION :
The final grade will be made up of a class participation and homework (20%), a mid-term test (40%) and the final examination (40%).

*Course content subject to change