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Course Description
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Course Name
Business Statistics
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Host University
Anglo-American University
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Location
Prague, Czech Republic
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Area of Study
Business Administration, Business Analytics, Mathematics, Statistics
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Language Level
Taught In English
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Course Level Recommendations
Lower
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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ECTS Credits
6 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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Overview
Course Description
This course provides a comprehensive review of why and how we use basic mathematical and statistical methods and stresses their practical applications. The course will teach the students basic analytical skills and shows typical problems that arise in business.The course includes practical, analytical and theoretical sections. The course focuses on statistical analysis of data starting with descriptive statistics, and introduces concepts as sampling, hypothesis testing, regression analysis, probabilities, etc. Thus, solid basis is built for immediate practical implementation and as well for more profound studies of quantitative analysis and formal manipulation with business data.
Course Learning Outcomes
Upon completion of this course, students should be able to:
–Understand the meaning and use of statistical terms used in business statistics;
–Understand the nature of the data;
–Present and interpret data in tables and charts;
–Understand and apply descriptive statistical measures to business situations;
–Understand and apply probability distributions to model different types of business processes;
–Understand and apply statistical estimation and hypothesis testing;
–Understand and apply simple linear regression analysis;
–Use computer spreadsheet software to perform statistical analysis on data.