Course description

Business Statistics involves the application of statistical methods and tools to analyze business data and support decision-making. It focuses on data collection, organization, and interpretation to uncover patterns, trends, and insights. Key concepts include descriptive statistics, probability, regression analysis, and hypothesis testing. Business Statistics helps organizations optimize operations, forecast outcomes, and solve complex business problems. It is essential for making data-driven and strategic decisions in various industries.

What will i learn?

• • Produce appropriate graphical and numerical descriptive statistics for different types of data.
• Use simple/multiple regression models to analyze the underlying relationships between the variables through hypothesis testing.
• Conduct and interpret a variety of hypothesis tests to aid decision making in a business context.