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BUS 201: Business Statistics

Course Description

The Business Statistics course is designed to introduce students to the concepts, methods, and statistical tools used in making business decisions. The goal of this course is to present opportunities for students to learn how to perform various business analyses for interpreting data and providing writing results to support business planning and decision making.

Prerequisite

  • None

Student Learning Outcomes (SLOs)

Upon completion of the course, the students will be able to:

  1. Demonstrate basic computations for the various statistical concepts and methods use to analyze data in the business world.
  2. Use and apply descriptive statistical measures to business situations.
  3. Apply statistical concepts and/or methods to identify outcomes for business planning and/or problem solving.
  4. Apply basic probability concepts to business situations.
  5. Demonstrate basic competencies using statistical tools to analyze data and to evaluate results.
  6. Discuss the part data analysis plays in business decision making processes.
  7. Apply probability distributions to model different types of business processes.
  8. Recognize and apply statistical inference techniques (including statistical estimation and hypothesis testing) in business situations.

General Education Outcomes (GEOs)

Please check the applicable GEOs for this course, if any, by outcomes at GEO Category Search, or by subject area at GEO Discipline Search.

Course Activities and Grading

Assignment(s)

Weight

Discussions (Weeks 1-7)

20%

Quizzes (Weeks 1-7)

20%

Weekly Projects (Weeks 1-7)

25%

Final Exam (Week 8)

35%

Total

100%

Required Textbooks

Available through Charter Oak's online bookstore

  • Levine, David (2016). Business Statistics: A First Course - with Access Code. 7th ed. Pearson. ISBN-13: 978-0-13-426814-9

    Note: Students must purchase the textbook new through Charter Oak's bookstore in order to receive the access code.

Course Schedule

Week

SLOs

Readings and Exercises

Assignments

1

1

Topic: Organizing and Visualizing Data

  • Readings:
    • Chapter 1
    • Chapter 2
  • Read assigned chapters
  • Review the lecture material
  • Participate in the Discussions
  • Complete Quiz
  • Submit Weekly Project
  • Complete practice problems in MyStat Lab (not graded)

2

2

Topic: Numerical Descriptive Measures

  • Readings:
    • Chapter 3
  • Read assigned chapter
  • Review the lecture material
  • Participate in the Discussions
  • Complete Quiz
  • Submit Weekly Project
  • Complete practice problems in MyStat Lab (not graded)

3

3

Topic: Basic Probability

  • Readings:
    • Chapter 4
  • Read assigned chapter
  • Review the lecture material
  • Participate in the Discussions
  • Complete Quiz
  • Submit Weekly Project
  • Complete practice problems in MyStat Lab (not graded)

4

5,7

Topic: Discrete Probabilities and Normal Distrubution

  • Readings:
    • Chapter 5
    • Chapter 6
  • Read assigned chapters
  • Review the lecture material
  • Participate in the Discussions
  • Complete Quiz
  • Submit Weekly Project
  • Complete practice problems in MyStat Lab (not graded)

5

6

Topic: Sampling and Sampling Distrubutions

  • Readings:
    • Chapter 7
  • Read assigned chapter
  • Review the lecture material
  • Participate in the Discussions
  • Complete Quiz
  • Submit Weekly Project
  • Complete practice problems in MyStat Lab (not graded)

6

3,6

Topic: Confidence Interval Estimation

  • Readings:
    • Chapter 8
  • Read assigned chapter
  • Review the lecture material
  • Participate in the Discussions
  • Complete Quiz
  • Submit Weekly Project
  • Complete practice problems in MyStat Lab (not graded)

7

3,6

Topic: Hypothesis Testing

  • Readings:
    • Chapter 9
  • Read assigned chapter
  • Review the lecture material
  • Participate in the Discussions
  • Complete Quiz
  • Submit Weekly Project
  • Complete practice problems in MyStat Lab (not graded)

8

1-8

Topic: Final Exam

  • Readings:
    • Review Chapters 1-9
  • Review previous chapters for Final Exam
  • Participate in the Discussions
  • Complete Final Exam
  • Complete Course Evaluation

Final Exam
Exams covers Chapters 1-9

COSC Accessibility Statement

Charter Oak State College encourages students with disabilities, including non-visible disabilities such as chronic diseases, learning disabilities, head injury, attention deficit/hyperactive disorder, or psychiatric disabilities, to discuss appropriate accommodations with the Office of Accessibility Services at OAS@charteroak.edu.

COSC Policies, Course Policies, Academic Support Services and Resources

Students are responsible for knowing all Charter Oak State College (COSC) institutional policies, course-specific policies, procedures, and available academic support services and resources. Please see COSC Policies for COSC institutional policies and the “Course Policies” link for specific policies related to this course. COSC Resources information regarding available COSC academic support services and resources.