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Dec 27, 2024
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ECON 262 - Principles of Statistics II (3 units)
Hypothesis testing; simple linear regression and correlation; analysis of variance; chi-square applications. Emphasis on data analysis as it relates to business decision-making.
Prerequisite(s): ECON 261; MATH 126 or higher; IS 101.
Units of Lecture: 3
Offered: Every Fall, Spring, and Summer
Student Learning Outcomes:
Upon completion of this course:
1. Students will be able to apply the methodology of basic hypothesis testing and understand how the process is used in business decision making.
2. Students will be able to correctly identify and apply appropriate statistical tests for quantitative and qualitative single and two population parameters.
3. Students will be able to use and interpret correlation and develop simple and multiple regression models to address a variety of business examples.
4. Students will be able to develop and interpret output provided by statistical software for the statistical procedures covered in the course and be able to adequately verbalize the statistical conclusions provided by the software output.
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