This course offers a mechanism to understand data, descriptive statistics, statistical computer package; Probability: distributions, expectation, variance, covariance, portfolios, central limit theorem; statistical inference of univariate data; Statistical inference for bivariate data: inference for intrinsically linear simple regression models. This course will have a business focus.
COURSE LEARNING OUTCOMES (CLO)
CLO: 1. To define concepts of statistics in a practical manner.
CLO: 2. To understand the complexity of business problems at hand and apply appropriate statistical tools to solve and interpret them.
CLO: 3. To learn the art of decision making with the application of modern statistics manually and with the help of softwares like Excel and Minitab.