Course

Credit Type:
Course
ACE ID:
CFTA-0026
Version:
2
Organization:
Center for Financial Training
Location:
Classroom-based
Length:
11 weeks (54.4 hours)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Introduction to Statistics or Business Statistics
Description

Objective:

The course objective is to deliver clear and understandable explanations of core business statistics concepts. Course work will emphasize the importance of interpreting statistical results to make effective decisions to improve business processes and outcomes.

Learning Outcomes:

  • Discuss the strengths and weaknesses of various ways of displaying data
  • Define and discuss the meaning of correlation and make practical conclusions from data
  • Define and apply chi square tests
  • Execute base statistical analysis via the utilization of mean/median/mode/standard deviation
  • Define probability including independent variables and decision making
  • Calculate and explain standard deviation
  • Discuss sampling distributions
  • Discuss hypothesis testing

General Topics:

  • How to collect data
  • Describing data in graphical form
  • Data distributions
  • Correlation, linear regression and linear relationships
  • Probability
  • Random variables
  • Statistical inference
  • Sampling distributions
  • Hypothesis and testing
  • Working with experimental data
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Computer Based Training
  • Discussion
  • Lectures

Methods of Assessment:

  • Examinations
Supplemental Materials
Equivalencies