This certificate program is designed to help you not only gain a strong working knowledge of statistical concepts but also the ability to apply them to your data to make better business decisions. Winter, Spring. In order to uncover insights in data, it is important to draw conclusions about the population that is being studied using numerical measures. A field in which statistics can play a vital role is quality control. In order to graduate, all students must pass three writing-intensive courses after their freshman year. You will then examine stationary data where no substantial change is taking place. Course Name: Number of Hours: Course Description: 1: Statistics Essentials for Analytics – Beginners: 1: The domain of analytics and data is closely related to and is also often overlapped with computational statistics which is essentially said to be the discipline that … Randomized, factorial, fractional and Plackett-Burnam designs are covered with an emphasis on business applications. This second course in business statistics focuses on widely used data analysis techniques in business and economics. Studies the principles and techniques of interval estimation and hypotheses testing, and testing for means and proportions. Course Description: Statistics is a course that is designed to give you the basic tools of collecting, analyzing, presenting, and interpreting data. Topics include the dynamic nature of quality, Six-Sigma implementation, and the roles of management in planning and guiding quality efforts. td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}It is recommended to only take this course if you have completed Presenting Quantitative Data and Descriptive Statistics for Business or have equivalent experience. An ever-present need in business is to compare two populations, such as sales of related products, different customer segments, or productivity of factory work shifts, to name a few. STAT 202 Business Statistics II 4.0 Credits. Topics include two sample procedures, categorical data analysis, analysis of variance, regression analysis and other statistical applications as time permits. Cindy van Es is professor of practice in the Dyson School of Applied Economics and Management. This type of study, known as multivariate analysis, seeks to shed light on the relationships between all the variables. One of the most important measures to calculate is the p-value, which helps gauge the significance of your findings. STAT I299 Independent Study in STAT 0.0-12.0 Credits, STAT I399 Independent Study in STAT 0.0-12.0 Credits, STAT I499 Independent Study in STAT 0.0-12.0 Credits, STAT T180 Special Topics in STAT 0.0-12.0 Credits. Course Description This course covers frequency distributions, descriptive measures, probability concepts, probability distribution, sampling, estimation, hypotheses testing for means and proportions, simple regression and correlation. In this course, you will learn foundational concepts in statistics and how to collect and interpret data while applying statistics and statistical thinking to business problems. Forecasting can be found in every corner of the business world today. Coverage includes factorial designs, randomized blocks, incomplete block designs, nested and crossover designs. Offered by Rice University. This modal dialog contains payment options. Sr. No. You will identify the role of discrete variables, use them in determining probability, find the expected value, and define variance. You will then explore another area of inferential statistics called hypothesis testing to start with a hypothesized value. Consider, there are a number of time series that may require forecasting but do not have any discernible trend, such as a stable product environment or a very short timeframe. Statistics Course Descriptions Undergraduate Courses. Catalog Course Description This course applies students' interpretation of basic mathematical concepts to common business usage covering such topics as percentages, interest, trade, bank and cash discounts, payroll, time value of money, and business loans. Introduces confidence interval estimation. Courses. Additionally, you will explore how hypothesis testing is used to make judgments about a population. Undergraduate Core Course Descriptions. A layer of complexity can be added to forecasting in the form of seasonality, where the time series being studied regularly changes with each season. Course Description: Statistics is a course that is designed to give you the basic tools of collecting, analyzing, presenting, and interpreting data. You will observe the role that p-values play in hypothesis testing and the way in which they are calculated. You will practice preparation and analysis of charts and determine some additional quality control methods. BUAD-310: Applied Business Statistics This course will help you to both realize what you have probably been doing statistically, subconsciously, and teach you new ways to analyze data in order to come up with inferences and decisions. Lastly, in this course you will examine tests on two variables, having either two options or multiple options and identify the formulas used in these comparisons. Topics decided upon by faculty will vary within the area of study.
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