STAT 351 - Applied Statistics for Business and Economics (4)

Organization and presentation of data, summary of descriptive measures, probability, binomial, normal distributions and Pareto distribution, estimation of population parameters, sampling distributions, hypothesis testing, chi-square analysis, analysis of variance, linear regression and correlation, index numbers, time serried analysis and forecasting. Students will be introduced to statistical computing. All the statistical procedures will be illustrated using data from management, business and economics. Note: Not open to students who have passed or are concurrently taking STAT 351, STAT 355, STAT 453 , STAT 356, STAT 453 or CMPE 320. This course does not satisfy the statistics requirement for CMSC majors and does not qualify as part of the math major or minor. This course may be subject to a Course Materials Charge. The charge may vary by semester, depending on the course materials required. The Course Materials Initiative (CMI) was established to provide students with more affordable course materials, enhance the students’ experience on a common digital platform via Blackboard, and position UMBC to be ahead of the curve with digital content. More information is available at UMBC Bookstore’s website.

Grading: Graded/Pass Fail/Audit
Course ID: 57053
Consent: No Special Consent Required
Components: Discussion, Lecture
Attributes: Mathematics (GEP), Mathematics (GFR)
Prerequisite: One of the following with a grade of ‘C’ or better: MATH 150, MATH 151, MATH 152, MATH 155, MATH 225, or MATH 251 or score of 5 on the Math Placement Test.