This course is designed for students that are enrolled in programs that are non business majors. Students who enrolled in this course will be expected to renew their high school math skills and establish a clear understanding of business mathematics skills that will enable them to successfully manage calculations and mathematical problems in everyday operations.
The main object is to introduce basic and functional concepts of mathematics, statistics and applied research. Through the process of delivering the course, students will be introduced to various mathematical skills needed in basic everyday business skills.
The second part of the module will cover statistical methods in today’s competitive job market, new economics graduates need to bring special skills and abilities that give them the potential to hit the ground running and contribute immediately. One area where a student can have an immediate competitive advantage over both new graduates and existing employees is in the application of statistical analysis skills to economics, major content and simple business problems. Our intent in this course is to build your statistical background and to give you the statistical skills necessary to meet the needs of business and the real-world decision-making problems. In this course, we discuss real-world applications as a motivation for learning business statistics. We will focus on decision making and business applications and provide you with an understanding of the roll of business statistics in decision making.
To enhance students’ appreciation for statistics, we emphasize computer-based analysis, rather than manual computation. To this end, Microsoft Excel is used extensively throughout the course.