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
 TwoSample 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 onetailed and a twotailed 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 
 ChiSquare Test
 Contingency Table Analysis

 Test a hypothesis comparing an observed set of frequencies to an expected set of frequencies using the chisquare test.
 Identify the limitation of the chisquare 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 subgrouping to control process.
 Use statistical software to create Xbar and Rcharts.
 Interpret information presented in control charts and Rcharts 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 

None 
It's a great course to take
It's a great course to take
It was quite entertaining.
course is very descriptive . One can get in and out knowledge of Business Stats
course is very descriptive . One can get in and out knowledge of Business Stats
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
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
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.
Use a Professor , this class is difficult
Use a Professor , this class is difficult
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.
It was quite entertaining.
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.
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.
It is a basic statistics course with an emphasis on the business side
Easy to understand what what was expected and easy to access content.
Great delivery. The course breakdown was challenging but achievable.
I am a traveling nurse, private duty, so the ability to do the work and be mobile was good.
I didn't like this course
Easy to understand what what was expected and easy to access content.
I enjoyed doing the review the most
Great delivery. The course breakdown was challenging but achievable.
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.
I am a traveling nurse, private duty, so the ability to do the work and be mobile was good.
I didn't like this course
I enjoyed doing the review the most
I liked learning how to use Excel.
I liked that I could do it at my own pace.
I liked that I could do it on my own at my own pace.
I liked that I could take it at my own pace.
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.
I liked the ability to go at my own rate. The text book is well written. The overall organization of the course is good.
I liked the challenging topics
I liked the fact that it is purely selfpaced 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.
I liked the lesson layouts and the book.
I liked the lesson layouts and the book.
I liked the lesson presentations and review elements
I liked the lesson presentations, easy to follow
I liked learning how to use Excel.
I liked that I could do it at my own pace.
I liked that I could do it on my own at my own pace.
I liked the tutoring availability because it helped me whenever I needed it.
I liked the variety of learning methods to utilize, visual, powerpoint, audio, etc.
I liked the way the course was organized. I liked the example multimedia videos which take you through different topics step by step.
I liked that I could take it at my own pace.
I liked working at my own pace and getting this course done quickly.
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.
I really liked the selfpaced theory in the course. The youtube videos were great and did a good job of applying the material.
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.
I thought it was pretty tough.
It was fast and in my budget
One of my academic strengths is test taking, therefore I appreciated that this course utilized testbased evaluation for grading purposes.
Selfpaced. Good lectures.
The book was great and the slides were marginally helpful.
the easy access was great
I liked the ability to go at my own rate. The text book is well written. The overall organization of the course is good.
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.
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.
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.
The powerpoint presentations associated with each course were very helpful to review key concepts prior to each exam.
The presentations were extremely helpful, and kept me interested.
I liked the challenging topics
The selfpaced approach was my reason for taking this class.
I liked the fact that it is purely selfpaced 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.
I liked the lesson layouts and the book.
I liked the lesson layouts and the book.
I liked the lesson presentations and review elements
I liked the lesson presentations, easy to follow
I liked the tutoring availability because it helped me whenever I needed it.
I liked the variety of learning methods to utilize, visual, powerpoint, audio, etc.
I liked the way the course was organized. I liked the example multimedia videos which take you through different topics step by step.
I liked working at my own pace and getting this course done quickly.
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.
I really liked the selfpaced theory in the course. The youtube videos were great and did a good job of applying the material.
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.
I thought it was pretty tough.
It was fast and in my budget
One of my academic strengths is test taking, therefore I appreciated that this course utilized testbased evaluation for grading purposes.
Selfpaced. Good lectures.
The book was great and the slides were marginally helpful.
the easy access was great
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.
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.
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.
The powerpoint presentations associated with each course were very helpful to review key concepts prior to each exam.
The presentations were extremely helpful, and kept me interested.
The selfpaced approach was my reason for taking this class.