Maricopa Community Colleges  GBS221   20076-99999 

Official Course Description: MCCCD Approval: 4-24-2007

GBS221  2007 Fall – 2011 Summer II

LEC  3.0 Credit(s)  3.0 Period(s)  3.0 Load  Acad

Business Statistics

Business applications of descriptive and inferential statistics, measurement of relationships, and statistical process management. Includes the use of spreadsheet software for business statistical analysis.

Prerequisites: Grade of C or better in GBS220 or MAT217.

 

Course Attribute(s):

General Education Designation: Computer/Statistics/Quantitative Applications - [CS]

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MCCCD Official Course Competencies:

 

GBS221  2007 Fall – 2011 Summer II

Business Statistics

 

1.

Collect, organize, present, analyze, and interpret numerical data using frequency distributions and graphical presentations. (I)

2.

Calculate and interpret the measures of central tendency for either raw or grouped data. (I)

3.

Calculate and interpret the measures of dispersion and skewness for a data set. (I)

4.

Use discrete and continuous probability distributions in probability applications. (II)

5.

Explain probability sampling and sampling distributions, and describe their uses. (III)

6.

Use statistical inference techniques and confidence levels for decision making when testing hypotheses. (IV)

7.

Use regression and correlation analysis, and interpret the results of the analysis. (V)

8.

Use statistical process management and control charting to solve statistical quality control problems. (VI)

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MCCCD Official Course Outline:

 

GBS221  2007 Fall – 2011 Summer II

Business Statistics

 

I. Collection, Organization, Presentation, Analysis, and Interpretation of Numerical Data

A. Frequency Distribution

B. Graphical Representation

1. Histogram

2. Frequency Polygon

C. Measures of Central Tendency (Ungrouped and Grouped)

1. Mean

2. Median

3. Mode

D. Measures of Dispersion (Ungrouped and Grouped)

1. Range

2. Variance

3. Average Deviation

4. Standard Deviation

5. Empirical Rule

6. Skewness

7. Relative Dispersion

II. Probability, Counting Methods, and Probability Distributions

A. Rules of Multiplication and Addition

B. Bayes Theorem

C. Combinations and Permutations

D. Random Variables

E. Discrete Random Variables

F. The Binomial Distribution

G. Poisson Distribution

H. The Normal Probability Distribution

III. Sampling Methods and Sampling Distribution

A. Probability Sampling

B. Sampling Error

C. Sampling Distribution of the Means

D. Central Limit Theorem

E. Confidence Intervals

F. Selecting a Sample Size

1. Mean

2. Proportion

IV. Hypothesis Testing

A. Large Samples

1. Means

a. Testing One Population Mean

b. Testing the Difference Between Two Population Means

2. Proportions

a. Testing One Population Proportion

b. Testing the Difference Between Two Population Proportion

B. Small Samples

1. Testing One Population Mean

2. Comparing Two Population Means

V. Regression and Correlation

A. Coefficients of Correlation and Determination

B. Testing the Significance of the Coefficient of Correlation

C. Regression Equation

D. Standard Error of the Estimate

E. Confidence-Interval Estimates

VI. Statistical Quality Control

A. The Control Chart

B. Acceptance Sampling

 

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