Business Statistics

Course Content from McGraw-Hill

Course Number: MAT150

Download Course Syllabus

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This online statistics course familiarizes students with the basic concepts of business statistics and provides a comprehensive overview of its scope and limitations. Students become familiar with statistical analysis of samples, compute the measures of location and dispersion, and interpret them for descriptive statistics. Similar to other online college statistics courses, lessons demonstrate linear regression, multiple regression, correlation analysis, model building, model diagnosis, and time series regression using various models. The course also describes basic concepts of probability and applies the discrete and continuous distributions of probability. Other topics in this online statistics course include constructing a hypothesis on one and two samples, performing one-way and two-way analysis of variance, applying nonparametric methods of statistical analysis, and making decisions under risk or uncertainty. If you've been considering an online college statistics course, this is the one.

etextbook included

college credits

Self Paced

Mathematics

This Course Now Includes a FREE eTextBook

Buy the course for only $59 and get a copy of "Basic Statistics for Business and Economics" at no additional cost

By including eTextbooks in our courses, StraighterLine is helping students achieve their academic goals by providing best-in-class tools to make studying more convenient.

Overall Rating
Content Rating

12/9/14 by saeedmedeni

It's a great course to take

Content Rating	80 100
Overall Rating	100 100

10/10/14 by srinadh.vattipally

Content Rating	100 100
Overall Rating	100 100

10/10/14 by srinadh.vattipally

Content Rating	100 100
Overall Rating	100 100

9/22/14 by thedoulagirlsbs

Content Rating	100 100
Overall Rating	60 100

9/22/14 by thedoulagirlsbs

Content Rating	100 100
Overall Rating	60 100

9/12/14 by saeedmedeni

It's a great course to take

Content Rating	80 100
Overall Rating	100 100

9/5/14 by l_heugh

It was quite entertaining.

Content Rating	80 100
Overall Rating	80 100

7/28/14 by khushinderrandhawa

course is very descriptive . One can get in and out knowledge of Business Stats

Content Rating	40 100
Overall Rating	100 100

7/28/14 by khushinderrandhawa

course is very descriptive . One can get in and out knowledge of Business Stats

Content Rating	40 100
Overall Rating	100 100

7/17/14 by alexiten89

The content of the course is very complete. I would have liked for it to expand a little on some explanations. Also, the course should provide all charts and tables necessary. Many are not provided because they are in the book, but when I asked on the live chat if the book was necessary they said no. So, you should either expand the information provided or say from the start that the book is necessary. In some of the tests I couldn

Content Rating	20 100
Overall Rating	80 100

7/17/14 by alexiten89

Content Rating	20 100
Overall Rating	80 100

7/6/14 by onasser

most of the online review for the chapters are too easy and do Not appear on the quizzes. You must read the textbook carefully and do the assignments.

Content Rating	60 100
Overall Rating	60 100

6/20/14 by sheridanj

Use a Professor , this class is difficult

Content Rating	60 100
Overall Rating	60 100

6/20/14 by sheridanj

Use a Professor , this class is difficult

Content Rating	60 100
Overall Rating	60 100

6/7/14 by onasser

most of the online review for the chapters are too easy and do Not appear on the quizzes. You must read the textbook carefully and do the assignments.

Content Rating	60 100
Overall Rating	60 100

5/9/14 by l_heugh

It was quite entertaining.

Content Rating	80 100
Overall Rating	80 100

8/29/13 by donaldl

It was a difficult course for me. I have not taken a Math course in several years. SL was definately the way to do it! I took my time and didn't move on until I knew the topic. I would recommend SL to anybody, especially students that are considering enrolling in an online college/university. It was a great way to practice managing my time and adjusting to learning independently.

Content Rating	100 100
Overall Rating	100 100

8/12/13 by charlotte.hermanto

To tell you the truth, the topics in this class was fun. It was also fairly easy for me since I've taken the course before in undergrad. But I'm quite disappointed on the final and the quizzes. Some of the quizzes questions are poorly written. Signs and pictures were missing from the quizzes. Some of the quizzes were graded incorrectly. This was also true with the finals. I have a very difficult time contacting the professor. At the very least the professor should be available for questions.

Content Rating	80 100
Overall Rating	60 100

5/20/13 by breitbachk

It is a basic statistics course with an emphasis on the business side

Content Rating	80 100
Overall Rating	80 100

4/29/13 by info

Content Rating	60 100
Overall Rating	60 100

2/17/13 by junius.cassady

Content Rating	80 100
Overall Rating	80 100

2/4/13 by roberts22829

Content Rating	40 100
Overall Rating	40 100

1/23/13 by anthonybartczak

Content Rating	80 100
Overall Rating	80 100

1/23/13 by reibling

Content Rating	100 100
Overall Rating	100 100

1/22/13 by jordan.reibling

Content Rating	100 100
Overall Rating	100 100

1/4/13 by kbowman5

Content Rating	60 100
Overall Rating	60 100

12/31/12 by frank

Content Rating	60 100
Overall Rating	60 100

12/14/12 by swim1champ

Content Rating	20 100
Overall Rating	20 100

12/9/12 by caralynpace

Content Rating	20 100
Overall Rating	20 100

11/29/12 by barnes.aggieland

Content Rating	80 100
Overall Rating	80 100

11/29/12 by barnes.aggieland

Content Rating	80 100
Overall Rating	80 100

11/23/12 by smackj1

Easy to understand what what was expected and easy to access content.

Overall Rating	60 100
Content Rating	60 100

11/22/12 by rrmartin2011

Content Rating	60 100
Overall Rating	60 100

11/22/12 by rrmartin2011

Content Rating	60 100
Overall Rating	60 100

11/19/12 by lissaradd

Content Rating	80 100
Overall Rating	80 100

11/19/12 by lissaradd

Content Rating	80 100
Overall Rating	80 100

11/16/12 by galvin42

Great delivery. The course breakdown was challenging but achievable.

Overall Rating	100 100
Content Rating	100 100

11/14/12 by jarsak01

I am a traveling nurse, private duty, so the ability to do the work and be mobile was good.

Overall Rating	60 100
Content Rating	40 100

11/14/12 by nlahaye80236

Content Rating	20 100
Overall Rating	20 100

11/14/12 by nlahaye80236

Content Rating	20 100
Overall Rating	20 100

11/11/12 by nicole s

I didn't like this course

Overall Rating	20 100
Content Rating	20 100

11/9/12 by smackj1

Easy to understand what what was expected and easy to access content.

Content Rating	60 100
Overall Rating	60 100

11/8/12 by brittanyreado

I enjoyed doing the review the most

Overall Rating	100 100
Content Rating	100 100

11/5/12 by rrh1010

Content Rating	100 100
Overall Rating	100 100

11/5/12 by rrh1010

Content Rating	100 100
Overall Rating	100 100

10/23/12 by galvin42

Great delivery. The course breakdown was challenging but achievable.

Content Rating	100 100
Overall Rating	100 100

10/20/12 by michaelnojlander

I like that I could study for a topic then take a quiz just like a regular college course, only without the tedious assignments and long wait times between taking tests. If I felt I really knew something I could take the exam that day. If I didnt I could continue to study with no pressure until I understood the material.

Overall Rating	100 100
Content Rating	80 100

10/19/12 by jarsak01

I am a traveling nurse, private duty, so the ability to do the work and be mobile was good.

Content Rating	40 100
Overall Rating	60 100

10/12/12 by nicole s

I didn't like this course

Content Rating	20 100
Overall Rating	20 100

10/4/12 by brittanyreado

I enjoyed doing the review the most

Content Rating	100 100
Overall Rating	100 100

9/15/12 by jessicadepweg

I liked learning how to use Excel.

Overall Rating	100 100
Content Rating	60 100

9/5/12 by terielliott04

I liked that I could do it at my own pace.

Overall Rating	20 100
Content Rating	20 100

9/5/12 by pcook86

I liked that I could do it on my own at my own pace.

Overall Rating	60 100
Content Rating	80 100

8/30/12 by bmorse2011

I liked that I could take it at my own pace.

Overall Rating	40 100
Content Rating	20 100

8/21/12 by michaelnojlander

Content Rating	80 100
Overall Rating	100 100

7/25/12 by TNERING

I liked the ability to go at my own rate. The text book is well written. The overall organization of the course is good.

Overall Rating	80 100
Content Rating	80 100

7/16/12 by darcissa

I liked the challenging topics

Overall Rating	80 100
Content Rating	80 100

6/30/12 by LYNDA300

I liked the fact that it is purely self-paced because I am one of those students who have to read things repeatedly before the information is grasped and will still have trouble with the information.

Overall Rating	100 100
Content Rating	80 100

6/5/12 by knuako

I liked the lesson layouts and the book.

Overall Rating	60 100
Content Rating	80 100

6/5/12 by knuako

I liked the lesson layouts and the book.

Overall Rating	60 100
Content Rating	80 100

6/2/12 by amama68

I liked the lesson presentations and review elements

Overall Rating	100 100
Content Rating	100 100

6/1/12 by mistyhassell

I liked the lesson presentations, easy to follow

Overall Rating	100 100
Content Rating	100 100

5/30/12 by jessicadepweg

I liked learning how to use Excel.

Content Rating	60 100
Overall Rating	100 100

5/7/12 by terielliott04

I liked that I could do it at my own pace.

Content Rating	20 100
Overall Rating	20 100

5/6/12 by pcook86

I liked that I could do it on my own at my own pace.

Content Rating	80 100
Overall Rating	60 100

4/27/12 by imdadmir

I liked the tutoring availability because it helped me whenever I needed it.

Overall Rating	80 100
Content Rating	80 100

4/26/12 by rlbuz131

I liked the variety of learning methods to utilize, visual, powerpoint, audio, etc.

Overall Rating	80 100
Content Rating	60 100

4/24/12 by angelaellingwood

I liked the way the course was organized. I liked the example multi-media videos which take you through different topics step by step.

Overall Rating	80 100
Content Rating	80 100

4/22/12 by bmorse2011

I liked that I could take it at my own pace.

Content Rating	20 100
Overall Rating	40 100

4/16/12 by jenna.grile

I liked working at my own pace and getting this course done quickly.

Overall Rating	80 100
Content Rating	80 100

4/1/12 by TYESCRAZYGIRL

I must admit this course was a bit boring for me. There was nothing wrong with the course format or delivery at all. It was just that I found myself struggling with the textbook sometimes because I couldn't get into it. It's hard to relate to a course when you aren't really into it. I did get through it though and I passed so I am happy.

Overall Rating	100 100
Content Rating	100 100

3/25/12 by lissaradde

I really liked the self-paced theory in the course. The you-tube videos were great and did a good job of applying the material.

Overall Rating	80 100
Content Rating	60 100

3/23/12 by ddreher

I think my experience was partly my fault, because i had never taken an online course and Business Statistics was one that i should have never taken online. I was never able to use my free tutoring hours because I could never get on the Black board. All of the quizes that I took, I wanted to get the answers so that I could review and see what I did wrong, which I think would have been extremely helpful to me. I would have never and do not know anyone that I would have shared the answers with.

Overall Rating	40 100
Content Rating	20 100

3/21/12 by donny702

I thought it was pretty tough.

Overall Rating	100 100
Content Rating	60 100

3/4/12 by mgewart

It was fast and in my budget

Overall Rating	20 100
Content Rating	20 100

2/23/12 by khoriahunter

One of my academic strengths is test taking, therefore I appreciated that this course utilized test-based evaluation for grading purposes.

Overall Rating	100 100
Content Rating	100 100

2/18/12 by eric.ian.andersen

Self-paced. Good lectures.

Overall Rating	100 100
Content Rating	60 100

2/10/12 by michele

The book was great and the slides were marginally helpful.

Overall Rating	40 100
Content Rating	40 100

1/30/12 by marvin

the easy access was great

Overall Rating	60 100
Content Rating	80 100

1/29/12 by TNERING

I liked the ability to go at my own rate. The text book is well written. The overall organization of the course is good.

Content Rating	80 100
Overall Rating	80 100

1/28/12 by carolmcrn

The everyday examples the course lessons provided and the links for additional topic material not stated in the lesson presentation. These helped to make the infirmation more understandable and effective to learning the material.

Overall Rating	100 100
Content Rating	80 100

1/28/12 by smoogley

The exam was nothing like what I expected. I didnt think there was going to be so much that we had to calculate. It was nothing like the quizzes. I didnt pass for that reason. I did study all day yesterday and all week. Its not right.

Overall Rating	20 100
Content Rating	20 100

1/24/12 by lwhitehe

The instructional videos were extremely helpful as were the tutorial videos walking students through specific problems. I was able to make more sense of what I read in the text. This was clear and easy to understand for the most part though I find the subject matter of statistics somewhat difficult.

Overall Rating	100 100
Content Rating	80 100

1/12/12 by pilotkeiko

The powerpoint presentations associated with each course were very helpful to review key concepts prior to each exam.

Overall Rating	100 100
Content Rating	100 100

1/11/12 by nemesis0588

The presentations were extremely helpful, and kept me interested.

Overall Rating	100 100
Content Rating	80 100

1/7/12 by darcissa

I liked the challenging topics

Content Rating	80 100
Overall Rating	80 100

1/5/12 by danfarrer

The self-paced approach was my reason for taking this class.

Overall Rating	20 100
Content Rating	20 100

11/30/11 by LYNDA300

I liked the fact that it is purely self-paced because I am one of those students who have to read things repeatedly before the information is grasped and will still have trouble with the information.

Content Rating	80 100
Overall Rating	100 100

10/3/11 by knuako

I liked the lesson layouts and the book.

Content Rating	80 100
Overall Rating	60 100

10/2/11 by knuako

I liked the lesson layouts and the book.

Content Rating	80 100
Overall Rating	60 100

9/25/11 by amama68

I liked the lesson presentations and review elements

Content Rating	100 100
Overall Rating	100 100

9/23/11 by mistyhassell

I liked the lesson presentations, easy to follow

Content Rating	100 100
Overall Rating	100 100

7/3/11 by imdadmir

I liked the tutoring availability because it helped me whenever I needed it.

Content Rating	80 100
Overall Rating	80 100

6/30/11 by rlbuz131

I liked the variety of learning methods to utilize, visual, powerpoint, audio, etc.

Content Rating	60 100
Overall Rating	80 100

6/25/11 by angelaellingwood

I liked the way the course was organized. I liked the example multi-media videos which take you through different topics step by step.

Content Rating	80 100
Overall Rating	80 100

6/6/11 by jenna.grile

I liked working at my own pace and getting this course done quickly.

Content Rating	80 100
Overall Rating	80 100

5/2/11 by TYESCRAZYGIRL

Content Rating	100 100
Overall Rating	100 100

4/15/11 by lissaradde

I really liked the self-paced theory in the course. The you-tube videos were great and did a good job of applying the material.

Content Rating	60 100
Overall Rating	80 100

4/11/11 by ddreher

Content Rating	20 100
Overall Rating	40 100

4/5/11 by donny702

I thought it was pretty tough.

Content Rating	60 100
Overall Rating	100 100

3/18/11 by ben.imdieke

Overall Rating	40 100
Content Rating	40 100

3/18/11 by bree1137

Overall Rating	80 100
Content Rating	60 100

3/17/11 by carolmcrn

Overall Rating	80 100
Content Rating	80 100

3/17/11 by craig-laura

Overall Rating	80 100
Content Rating	80 100

3/16/11 by damian.k.baker

Overall Rating	80 100
Content Rating	80 100

3/16/11 by eldorito

Overall Rating	80 100
Content Rating	60 100

3/15/11 by FLOYDDELL.WILSON3

Overall Rating	100 100
Content Rating	100 100

3/15/11 by gqbrusewitz

Overall Rating	100 100
Content Rating	100 100

3/15/11 by griff.powerhouse

Overall Rating	100 100
Content Rating	100 100

3/14/11 by itssssopink

Overall Rating	60 100
Content Rating	40 100

3/14/11 by jenntalley69

Overall Rating	100 100
Content Rating	100 100

3/13/11 by jkresch13

Overall Rating	40 100
Content Rating	60 100

3/13/11 by joseph_alvarez_

Overall Rating	100 100
Content Rating	80 100

3/12/11 by jwerth22

Overall Rating	20 100
Content Rating	20 100

3/12/11 by karmarsal

Overall Rating	20 100
Content Rating	40 100

3/12/11 by kevin.v.mitchell

Overall Rating	80 100
Content Rating	80 100

3/11/11 by kjrogers5

Overall Rating	60 100
Content Rating	40 100

3/11/11 by lmritenour

Overall Rating	20 100
Content Rating	20 100

3/10/11 by methibosheth

Overall Rating	80 100
Content Rating	80 100

3/10/11 by ocappraiser

Overall Rating	100 100
Content Rating	100 100

3/9/11 by rabbibelsky94

Overall Rating	40 100
Content Rating	40 100

3/9/11 by rosekanarek

Overall Rating	80 100
Content Rating	80 100

3/9/11 by seanpatrickfay

Overall Rating	100 100
Content Rating	100 100

3/8/11 by vchart82

Overall Rating	100 100
Content Rating	100 100

3/8/11 by wjbarnes11

Overall Rating	80 100
Content Rating	80 100

3/7/11 by wood.tyler10

Overall Rating	80 100
Content Rating	80 100

2/25/11 by mgewart

It was fast and in my budget

Content Rating	20 100
Overall Rating	20 100

2/2/11 by khoriahunter

One of my academic strengths is test taking, therefore I appreciated that this course utilized test-based evaluation for grading purposes.

Content Rating	100 100
Overall Rating	100 100

1/21/11 by eric.ian.andersen

Self-paced. Good lectures.

Content Rating	60 100
Overall Rating	100 100

1/1/11 by michele

The book was great and the slides were marginally helpful.

Content Rating	40 100
Overall Rating	40 100

12/6/10 by marvin

the easy access was great

Content Rating	80 100
Overall Rating	60 100

12/2/10 by carolmcrn

Content Rating	80 100
Overall Rating	100 100

12/1/10 by smoogley

Content Rating	20 100
Overall Rating	20 100

11/23/10 by lwhitehe

Content Rating	80 100
Overall Rating	100 100

10/26/10 by pilotkeiko

The powerpoint presentations associated with each course were very helpful to review key concepts prior to each exam.

Content Rating	100 100
Overall Rating	100 100

10/22/10 by nemesis0588

The presentations were extremely helpful, and kept me interested.

Content Rating	80 100
Overall Rating	100 100

10/9/10 by danfarrer

The self-paced approach was my reason for taking this class.

Content Rating	20 100
Overall Rating	20 100

11/16/08 by ben.imdieke

Content Rating	40 100
Overall Rating	40 100

11/15/08 by bree1137

Content Rating	60 100
Overall Rating	80 100

11/14/08 by carolmcrn

Content Rating	80 100
Overall Rating	80 100

11/13/08 by craig-laura

Content Rating	80 100
Overall Rating	80 100

11/12/08 by damian.k.baker

Content Rating	80 100
Overall Rating	80 100

11/11/08 by eldorito

Content Rating	60 100
Overall Rating	80 100

11/10/08 by FLOYDDELL.WILSON3

Content Rating	100 100
Overall Rating	100 100

11/9/08 by gqbrusewitz

Content Rating	100 100
Overall Rating	100 100

11/8/08 by griff.powerhouse

Content Rating	100 100
Overall Rating	100 100

11/7/08 by itssssopink

Content Rating	40 100
Overall Rating	60 100

11/6/08 by jenntalley69

Content Rating	100 100
Overall Rating	100 100

11/5/08 by jkresch13

Content Rating	60 100
Overall Rating	40 100

11/4/08 by joseph_alvarez_

Content Rating	80 100
Overall Rating	100 100

11/3/08 by jwerth22

Content Rating	20 100
Overall Rating	20 100

11/2/08 by karmarsal

Content Rating	40 100
Overall Rating	20 100

11/1/08 by kevin.v.mitchell

Content Rating	80 100
Overall Rating	80 100

10/31/08 by kjrogers5

Content Rating	40 100
Overall Rating	60 100

10/30/08 by lmritenour

Content Rating	20 100
Overall Rating	20 100

10/29/08 by methibosheth

Content Rating	80 100
Overall Rating	80 100

10/28/08 by ocappraiser

Content Rating	100 100
Overall Rating	100 100

10/27/08 by rabbibelsky94

Content Rating	40 100
Overall Rating	40 100

10/26/08 by rosekanarek

Content Rating	80 100
Overall Rating	80 100

10/25/08 by seanpatrickfay

Content Rating	100 100
Overall Rating	100 100

10/24/08 by vchart82

Content Rating	100 100
Overall Rating	100 100

10/23/08 by wjbarnes11

Content Rating	80 100
Overall Rating	80 100

10/22/08 by wood.tyler10

Content Rating	80 100
Overall Rating	80 100

Course Objectives

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.

Topic	Lesson Topic	Subtopics	Objectives
1	Statistics: An Introduction and Basic Concepts	Use of Statistics Types of Variables Levels of Measurement Ethics in Statistics Software and Statistics Graphical Displays of Categorical Data	Identify and describe three interrelated features of how economists think about the world. Differentiate between the word "statistics" and the science of statistics. Describe the importance of statistics and situations where statistics are used in business and everyday life; identify business situations in which statistics can be used appropriately and inappropriately. Identify qualitative versus quantitative and discrete versus continuous variables. Discuss the levels of measurement and choose the most appropriate level of measurement for a specified situation. Explain the role of computer software in statistical analysis and identify some of the most popular software packages. Construct bar charts to display categorical data.
2	Sampling Methods	Sampling a Population Sampling Errors	Define the terms population and sample. Explain the need for sampling. Use a simple random sampling technique to select members of the general populate. Understand more complex sampling techniques, such as stratified, cluster, and systematic random sampling. Identify sampling errors in a given situation.
3	Descriptive Statistics: Numerical Measures	Arithmetic Mean Geometric Mean Median and Mode Measures of Dispersion Chebyshev's Theorem and the Empirical Rule Using Software to Compute Descriptive Statistics	Calculate the arithmetic mean for a given set of data. Calculate the geometric mean for a given set of data. Calculate the median and mode for a given set of data. Compute and interpret the range, mean deviation, variance, and standard deviation for data observations. Interpret data using Chebyshev's theorem and the Empirical rule. Understand how software can be used in computing various measures of location and dispersion.
4	Descriptive Statistics: Representational	Dot Plot, Stem Plot, and Histogram Quartiles, Deciles, and Percentiles Skewness Bivariate Data	Create and interpret dot plot, box plot, and scatter diagrams. Define and compute quartiles, deciles, and percentiles. Compute and interpret the coefficient of skewness. Construct a contingency table.
5	Probability	Probability Approaches Probability Calculations Tools of Analysis Computing the Number of Possible Outcomes	Discuss the objective and subjective approaches to probability analysis. Calculate probability using the rules of addition and multiplication. Use and interpret contingency tables, Venn diagrams, and tree diagrams. Compute the number of possible outcomes for combinations and permutations using formulae and Excel functions.
6	Discrete and Continuous Probability Distributions	Discrete Probability Distributions Binomial Probability Distributions Poisson Probability Distributions Uniform Probability Distributions Normal Probability Distributions Sampling Distribution of the Sample Mean Central Limit Theorem	Explain the difference between discrete and continuous distribution. Compute the mean and the standard deviation for a uniform distribution. Calculate the mean, variance, and standard deviation of a probability distribution. Compute probabilities using the binomial probability distribution. Compute probabilities using the uniform distribution. Calculate areas under a normal curve using the Empirical Rule. Compute probabilities using the Poisson probability distribution. Compute probabilities using the normal probability distribution. Select a sample and construct a sampling distribution of the mean. Explain the importance of the central limit theorem and how it applies to sample distributions.
7	Using Confidence Intervals in the Sampling Process	Large Sample Confidence Intervals Small Sample Confidence Intervals Proportions Sample Size	Define the terms confidence interval, point estimate, and degrees of freedom, and explain how they are involved in the sampling process. Demonstrate the ability to compute a confidence interval for a large sample experiment. Compute a confidence interval for a small sample experiment. Compute a confidence interval for a proportion. Determine an appropriate sample size for small, large, and proportion experiments.
8	Tests of Hypothesis	Hypothesis Testing: An Introduction Decision Making in Hypothesis Testing Hypothesis Testing with Proportions Two-Sample Test of Hypothesis	Formulate null and alternate hypotheses, and test the hypothesis using the five steps of the hypothesis testing procedure. Discuss Type I and Type II errors on a test of hypothesis. Perform a one-tailed and a two-tailed test of hypothesis. Perform a test of hypothesis on the difference between two population means using the z and t statistics. Perform a test of hypothesis on a population proportion using the z statistic.
9	Regression Analysis	Correlation Analysis Coefficient of Correlation Regression Analysis Confidence Interval and Prediction Intervals ANOVA Table	Discuss the difference between correlation and causation. Analyze the correlation between two variables in specified situations. Calculate and interpret the coefficient of correlation, the coefficient of determination, and the standard error. Calculate and interpret the linear regression line. Construct and interpret a confidence interval and prediction interval for a dependent variable. Use an ANOVA table data to compute statistics.
10	Multiple Regression Analysis	Multiple Regression Analysis Equation Analyzing ANOVA Table Output Analyzing Individual Independent Variables	Analyze the relationships between several independent variables and a dependent variable. Test to determine whether the regression coefficient for each independent (or explanatory) variable has a significant influence upon the dependent variable. Calculate and interpret multiple regression analysis. Compute variance of regression using the standard error of estimate and the ANOVA table. Calculate and interpret the coefficient of determination and the correlation matrix. Identify the violation of assumptions: homoscedasticity and autocorrelation.
11	Analysis of Variance	Using the F Distribution in Variance Analysis Analysis of Variance (ANOVA) Computing the Analysis of Variance (ANOVA) - Sum of Squares Analyzing the Variance Use of Software in Variance Analysis	Discuss the general idea of analysis of variance and analyze the given F distribution. Test a hypothesis to determine whether the variances of two populations are equal. Test a hypothesis about three or more treatment means and develop confidence intervals for the difference between treatment means. Perform an analysis of variance (ANOVA). Understand how to use statistical software in variance analysis.
12	Nonparametric Methods	Chi-Square Test Contingency Table Analysis	Test a hypothesis comparing an observed set of frequencies to an expected set of frequencies using the chi-square test. Identify the limitation of the chi-square test in a specified situation. Analyze relationships in statistical data using a contingency table.
13	Process Improvement Using Control Charts	Statistical Process Control Creating Control Charts Analyzing Control Charts Natural Tolerance Limits p Chart	Identify the causes of process variation and apply statistical process control to reduce process variation. Sample a process and use rational sub-grouping to control process. Use statistical software to create X-bar and R-charts. Interpret information presented in control charts and R-charts to identify assignable causes and analyze patterns. Calculate and analyze the upper and lower natural tolerance limits to evaluate whether a process is capable of meeting specifications. Construct p chart for fraction nonconforming.
14	Review	Course Review	None

Successful completion of Introductory and/or Intermediate Algebra courses is recommended before taking Business Statistics.

The required eTextbook for this course is included with your course purchase at no additional cost. More information on StraighterLine eTextbooks

Prefer the hard copy? Simply purchase from your favorite textbook retailer; you will still get the eTextbook for free.

The 8th edition of Lind/Marchal/Wathen: Basic Statistics for Business and Economics, is a step-by-step approach that enhances student performance, accelerates preparedness and improves motivation for the student taking a business statistics course. The main objective of the text is to provide students majoring in all fields of business administration with an introductory survey of the many applications of descriptive and inferential statistics. The relevant approach taken in this text relates to the college students today as they will receive the information that is important to them in this class as well as their future careers. Understanding the concepts, seeing and doing plenty of examples and exercises, and comprehending the application of statistical methods in business and economics are the focus of this book.

StraighterLine provides a percentage score and letter grade for each course. A passing percentage is 70% or higher. If you have chosen a Partner College to award credit for this course, your final grade will be based upon that college's grading scale. Only passing scores will be considered by Partner Colleges for an award of credit.

There are a total of 1000 points in the course:

Topic	Assessment	Points Available
2	Graded Quiz 1	115
4	Graded Quiz 2	115
6	Graded Quiz 3	115
8	Graded Quiz 4	115
10	Graded Quiz 5	115
12	Graded Quiz 6	115
14	Graded Final Exam	310

Final Proctored Exam

The final exam is developed to assess the knowledge you learned taking this course. All students are required to take an online proctored final exam in order complete the course and be eligible for transfer credit.

Learn more about Proctored Exams

Create your own custom Business Statistics ! Select up to courses from the list below.

Online Course*: Business Statistics +$59.00
eTextbook*: MAT150 eTextbook (a $177.46 value) +$0.00
Proctoring (included)*: Proctoring +$0.00
Tutoring (included)*: Tutoring +$0.00

Subtotal
$59.00