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.

Maximum units a student may earn: 3

Prerequisite(s): ECON 261 or STAT 152 or STAT 352; IS 101; MATH 124 or MATH 126 or higher.

Grading Basis: Graded
Units of Lecture: 2
Units of Discussion/Recitation: 1
Offered: Every Fall, Spring, and Summer

Student Learning Outcomes
Upon completion of this course, students will be able to:
1. apply the methodology of basic hypothesis testing and understand how the process is used in business decision making.
2. correctly identify and apply appropriate statistical tests for quantitative and qualitative single and two population parameters.
3. use and interpret correlation and develop simple and multiple regression models to address a variety of business examples.
4. 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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