MTH 251 : Fundamental Business Statistics

This course serves as an introduction to statistics with applications to business scenarios. Topics include: methods of collecting, tabulating and graphically representing data; measures of central tendency, dispersion, skewness, and kurtosis; basic probability rules; binomial and normal probability distributions; sampling distributions; and estimation. Applications will be stressed throughout the course. Three lecture hours per week. Fall, Summer

Prerequisites

Introductory Algebra Competency, or concurrent registration in MTH 131.

  1. Solve problems by applying and interpreting descriptive statistics.
  2. Solve problems by applying basic rules of probability.
  3. Solve problems by utilizing the Normal Distribution.
  4. Construct confidence intervals to solve problems.