BADM221 – Foundation Of Economics & Business Statistics

This course is to provide the elementary level of descriptive Statistics and a part of the intermediate level of inferential Statistics. These include a review of the numerical measure and graphical displays. Then it will be an introduction to probability, three discrete probability distributions (binomial, hypergeometric and Poisson distributions), and three continuous probability distributions (uniform, normal and exponential distributions). Next, students will learn inferential Statistics – sampling methods, confidence intervals, one- and two-sample testing hypotheses, analysis of variance, regression and time series.

This course will assist students in classifying and analyzing research and economic data and in testing assumptions about the underlying nature of the data provided before testing hypotheses.

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