BMTH 202 - Business Statistics

Business Statistics  - BMTH 202

Class Meeting: Tuesday : 10:00 – 11:30
                        Thursday : 10:00 – 11:30

1- Course Description and Overall Aims:

This course is an “introductory” statistics one. It is designed to broaden students’ thinking relative to the topic at hand, and educate them in the fundamental concepts of that field. The course starts with building up the necessary measurements needed to enable students analyze business situations in order to take appropriate decisions concerning these situations (Inferential Statistics). It provides students with skills for the analysis of business data. In order to accomplish the stated objectives, there will be great emphasis on applications using actual data and extensive exercises and examples.

Upon completion of this course, you should be ready for more specialized statistics courses, such as Applied Regression or Quality Control, and for “Research Methods” courses in many fields of study, such as Marketing Research, and for projects, reports, or employment that require basic data analysis.

Course Aims:

    A. To serve as an essential prerequisite for other subjects or future studies.
    
    B. To understand the theoretical foundations of advanced statistical methods.
    
    C. To appreciate the wide range of applications of such concepts to real life situations.
    
    D. To recognize and understand the use and applications of these statistical techniques in business and other
         situations of practical importance, and to be able to implement statistical techniques.
    
    E. Provide ability to implement statistical techniques
    
    F. To be able to compute all relevant statistics from a sample, know the important sampling procedures, read
        and interpret descriptive statistical displays.

2 - Intended Learning Outcomes of the Course (ILOs):

    (A) Through knowledge and understanding, students will be able to:

        (K1) identify the theoretical foundations of statistics.

        (K2) acquire and improve mathematical maturity by stressing on problem solving.

        (K3) recognize the relationship between the abstract and the concrete.

    (B) Through intellectual skills, students will be able to:

        (I1) analyze data in order to accomplish the stated objectives.

        (I2) identify the skills needed for academic study and enquiry.

        (I3) detect the appropriate technique needed to solve and discuss the problem under consideration.
    
    (C) Through professional and practical skills, students will be able to:

        (P1) classify the problem or the situation under consideration in order to take appropriate decisions
        concerning it.
        
        (P2) develop the use and the application of these statistical techniques in business and other situations of
        practical importance.
        
        (P3) create and research by learning to make effective use of computer-based tools in learning statistics.
    
    (D)Through general and transferable skills, students will be able to:
        
        (G1) Skills of reasoning and argument.
        
        (G2) Problem solving skills.

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