ST350 - Economics and Business Statistics
- Prerequisites: MA 114
- Term & Frequency: Fall, Spring, Summer
- Student Audience: Undergraduate majors in the Poole College of Management
- Credit: 3 credits
- Recent Texts: Business Statistics, 3rd edition by Sharpe, De Veaux, Velleman
- Recent Instructors: Thomas Reiland, Tonya Balan
- Background and Goals: ST 350 is not a math course! The central theme of the course is to help you learn to understand the world from data. "Beyond the formula" skills are emphasized. The principal emphasis throughout the course will be the logic of scientific inference from experimental data. The primary goals of the course are to enable you to: i) incorporate statistical thinking into your everyday lives; ii) acquire the necessary data-gathering, data-analysis, and communication/interpretation expertise to meet the challenges of a more demanding cognitive global environment
- Content: Graphical and numerical summaries of univariate and bivariate data; data gathering and strategies in sample surveys; probability, random variables, expected value and variance; binomial, geometric, Poisson and normal probability models; sampling distribution models; statistical inference for one and two proportions and for one and two means; correlation, simple linear regression, multiple regression. Computer use to summarize and analyze data is strongly emphasized.
- Alternatives: BUS 350
- Subsequent Courses: ST 412, ST/EC 351, EC 451, several BUS and ACC courses at the 300- and 400-level.
S1 2017 Sections:
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