Course

Credit Type:
Course
ACE ID:
SAYA-0037
Version:
3
Organization's ID:
BUS204: Business Statistics
Organization:
Saylor Academy
Location:
Online
Length:
39 hours (self-paced)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Lower-Division Baccalaureate 3 Business Statistics
Description

Objective:

The course objective is to learn how to apply statistical information and quantitative methods to the workplace. Examine techniques for gathering, analyzing, and interpreting data applicable to many fields, from anthropology to hedge fund management.

Learning Outcomes:

  • Explain the importance of statistics and statistical analysis for applicability to business scenarios
  • Explain the differences between data types (quantitative and qualitative data) and their application to real-world situations
  • Apply the elements of descriptive statistics to solve problems and understand datasets
  • Create graphs and visual representations of data
  • Calculate metrics based on the properties of various data distributions
  • Apply the concept of a random variable by differentiating a population from a sample
  • Relate the central limit theorem to sample size and normal distribution
  • Describe different sampling methods
  • Estimate intervals over which the population parameter could exist using sample data
  • Use hypotheses to test population parameters using one or two samples
  • Explain components and values of the linear regression model
  • Explain regression lines and the coefficient that shapes the line

General Topics:

  • S the following units: Unit 1: Introduction to Statistical Analysis Unit 2: Counting, Probability, and Probability Distributions Unit 3: The Normal Distribution Unit 4: Sampling and Sampling Distributions Unit 5: Estimation and Hypothesis Testing Unit 6: Correlation and Regression
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Computer Based Training
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Examinations
Supplemental Materials
Equivalencies

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