Business Statistics 5 Credit Equivalent

Apply statistical methods to solve business problems.

Projects

Number Title Description Credit Equivalent
BST 300 Business Analytics I

In this project, students will be performing data analysis through a series of directed questions. They will apply various techniques, such as but not limited to, laws of probability, theory of normal and other distributions, estimation and hypothesis testing procedure on means and applications of chi-Square. Based on statistical results, students are expected to thoroughly analyze a business scenario and write supported conclusions. Students should provide convincing logical reasoning to explain any contradiction observed and are encouraged to perform additional research to support their reasoning.  They will write a professional executive report describing data analysis procedure and conclusions. Prerequisite: IS 300 and BALG 110

Required text: Anderson, David R., Dennis J. Sweeney, and Thomas A. Williams, Statistics for Business and Economics, 11th Edition (older or newer versions are also fine). ISBN: 978-0324783247

Prerequisites:

  • IS 300: Sales Data Analysis and Communication using Spreadsheets and Statistics

    IS 300: Sales Data Analysis and Communication using Spreadsheets and Statistics

    This project gives students domestic sales records containing detailed information including: store number, sales region, item number, item description, unit price, units sold, and date of sale.  Students need to work with the data using spreadsheet technologies such as Microsoft Excel. They need to apply a number of spreadsheet formulas on the data, aggregate the data using pivot tables, summarize data, and create charts and tables with summary data. In addition, students apply measures of central tendency (mean, median and mode) as they relate to sales data. They also arrive at measures of variability (e.g. range, standard deviation, and variance) on different segments of sales data, and calculate measures of relative position (e.g. percentiles, quartiles, and interquartile ranges). Students need to demonstrate an understanding of these statistical concepts, and how to compute them with formula in spreadsheets. Students will then use this information to complete a written report for the CEO as well as a PowerPoint presentation for the Board of Directors. Students will also demonstrate their editing capabilities by revising a colleague’s memo and will also complete an evaluation / reflection of the primary deliverables.

    Required text: Glenn, Cheryl and Loretta Grey, The Hodges Harbrace Handbook, 2009 MLA Update Edition, 17th Edition. ISBN: 978-0495797562

    Successful completion of this project satisfies credit equivalents in the following competency areas: Information Systems (0.5), Business Statistics (0.8), and Business Communication (0.7).

  • BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    In this project, students will be provided with several different business scenarios such as choosing the most cost-effective cell phone plans, analyzing the revenue of a sports team based on stadium capacity and ticket sales, and comparing job offers from multiple companies. For each scenario, students need to decide how to model them using algebraic methods, identify the best method to solve the algebraic models, and apply appropriate solution methods to solve the business problems. As part of this project, students are expected to use algebraic models based on systems of equations and matrices.

    Required text: Stadler, S. and P. Martin. Developmental & intermediate algebra combined text. Retrieved from: http://pages.uwex.edu/shubhangi.stalder/Developmental-and-intermediate-Algebra-Textbook.pd.

2
BST 305 Business Analytics II

In this project, students will be performing data analysis through series of directed questions. They will apply various Regression and ANOVA techniques.  Based on statistical results students are expected to thoroughly analyze given situation and write supported conclusions. Students should provide convincing logical reasoning to explain any contradiction observed and are encouraged to perform additional research to support their reasoning.  They will write a professional executive report describing data analysis procedure and conclusions.

Required text: Anderson, David R., Dennis J. Sweeney, and Thomas A. Williams, Statistics for Business and Economics, 11th Edition (older or newer versions are also fine). ISBN: 978-0324783247

Prerequisites:

  • BST 300: Business Analytics I

    BST 300: Business Analytics I

    In this project, students will be performing data analysis through a series of directed questions. They will apply various techniques, such as but not limited to, laws of probability, theory of normal and other distributions, estimation and hypothesis testing procedure on means and applications of chi-Square. Based on statistical results, students are expected to thoroughly analyze a business scenario and write supported conclusions. Students should provide convincing logical reasoning to explain any contradiction observed and are encouraged to perform additional research to support their reasoning.  They will write a professional executive report describing data analysis procedure and conclusions. Prerequisite: IS 300 and BALG 110

    Required text: Anderson, David R., Dennis J. Sweeney, and Thomas A. Williams, Statistics for Business and Economics, 11th Edition (older or newer versions are also fine). ISBN: 978-0324783247

2
IS 300 Sales Data Analysis and Communication using Spreadsheets and Statistics

This project gives students domestic sales records containing detailed information including: store number, sales region, item number, item description, unit price, units sold, and date of sale.  Students need to work with the data using spreadsheet technologies such as Microsoft Excel. They need to apply a number of spreadsheet formulas on the data, aggregate the data using pivot tables, summarize data, and create charts and tables with summary data. In addition, students apply measures of central tendency (mean, median and mode) as they relate to sales data. They also arrive at measures of variability (e.g. range, standard deviation, and variance) on different segments of sales data, and calculate measures of relative position (e.g. percentiles, quartiles, and interquartile ranges). Students need to demonstrate an understanding of these statistical concepts, and how to compute them with formula in spreadsheets. Students will then use this information to complete a written report for the CEO as well as a PowerPoint presentation for the Board of Directors. Students will also demonstrate their editing capabilities by revising a colleague’s memo and will also complete an evaluation / reflection of the primary deliverables.

Required text: Glenn, Cheryl and Loretta Grey, The Hodges Harbrace Handbook, 2009 MLA Update Edition, 17th Edition. ISBN: 978-0495797562

Successful completion of this project satisfies credit equivalents in the following competency areas: Information Systems (0.5), Business Statistics (0.8), and Business Communication (0.7).

2
Number
BST 300
Title
Business Analytics I
Description

In this project, students will be performing data analysis through a series of directed questions. They will apply various techniques, such as but not limited to, laws of probability, theory of normal and other distributions, estimation and hypothesis testing procedure on means and applications of chi-Square. Based on statistical results, students are expected to thoroughly analyze a business scenario and write supported conclusions. Students should provide convincing logical reasoning to explain any contradiction observed and are encouraged to perform additional research to support their reasoning.  They will write a professional executive report describing data analysis procedure and conclusions. Prerequisite: IS 300 and BALG 110

Required text: Anderson, David R., Dennis J. Sweeney, and Thomas A. Williams, Statistics for Business and Economics, 11th Edition (older or newer versions are also fine). ISBN: 978-0324783247

Prerequisites:

  • IS 300: Sales Data Analysis and Communication using Spreadsheets and Statistics

    IS 300: Sales Data Analysis and Communication using Spreadsheets and Statistics

    This project gives students domestic sales records containing detailed information including: store number, sales region, item number, item description, unit price, units sold, and date of sale.  Students need to work with the data using spreadsheet technologies such as Microsoft Excel. They need to apply a number of spreadsheet formulas on the data, aggregate the data using pivot tables, summarize data, and create charts and tables with summary data. In addition, students apply measures of central tendency (mean, median and mode) as they relate to sales data. They also arrive at measures of variability (e.g. range, standard deviation, and variance) on different segments of sales data, and calculate measures of relative position (e.g. percentiles, quartiles, and interquartile ranges). Students need to demonstrate an understanding of these statistical concepts, and how to compute them with formula in spreadsheets. Students will then use this information to complete a written report for the CEO as well as a PowerPoint presentation for the Board of Directors. Students will also demonstrate their editing capabilities by revising a colleague’s memo and will also complete an evaluation / reflection of the primary deliverables.

    Required text: Glenn, Cheryl and Loretta Grey, The Hodges Harbrace Handbook, 2009 MLA Update Edition, 17th Edition. ISBN: 978-0495797562

    Successful completion of this project satisfies credit equivalents in the following competency areas: Information Systems (0.5), Business Statistics (0.8), and Business Communication (0.7).

  • BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    BALG 110: Application of Algebraic Methods to Model and Solve Business Problems

    In this project, students will be provided with several different business scenarios such as choosing the most cost-effective cell phone plans, analyzing the revenue of a sports team based on stadium capacity and ticket sales, and comparing job offers from multiple companies. For each scenario, students need to decide how to model them using algebraic methods, identify the best method to solve the algebraic models, and apply appropriate solution methods to solve the business problems. As part of this project, students are expected to use algebraic models based on systems of equations and matrices.

    Required text: Stadler, S. and P. Martin. Developmental & intermediate algebra combined text. Retrieved from: http://pages.uwex.edu/shubhangi.stalder/Developmental-and-intermediate-Algebra-Textbook.pd.

Credit Equivalent
2
Number
BST 305
Title
Business Analytics II
Description

In this project, students will be performing data analysis through series of directed questions. They will apply various Regression and ANOVA techniques.  Based on statistical results students are expected to thoroughly analyze given situation and write supported conclusions. Students should provide convincing logical reasoning to explain any contradiction observed and are encouraged to perform additional research to support their reasoning.  They will write a professional executive report describing data analysis procedure and conclusions.

Required text: Anderson, David R., Dennis J. Sweeney, and Thomas A. Williams, Statistics for Business and Economics, 11th Edition (older or newer versions are also fine). ISBN: 978-0324783247

Prerequisites:

  • BST 300: Business Analytics I

    BST 300: Business Analytics I

    In this project, students will be performing data analysis through a series of directed questions. They will apply various techniques, such as but not limited to, laws of probability, theory of normal and other distributions, estimation and hypothesis testing procedure on means and applications of chi-Square. Based on statistical results, students are expected to thoroughly analyze a business scenario and write supported conclusions. Students should provide convincing logical reasoning to explain any contradiction observed and are encouraged to perform additional research to support their reasoning.  They will write a professional executive report describing data analysis procedure and conclusions. Prerequisite: IS 300 and BALG 110

    Required text: Anderson, David R., Dennis J. Sweeney, and Thomas A. Williams, Statistics for Business and Economics, 11th Edition (older or newer versions are also fine). ISBN: 978-0324783247

Credit Equivalent
2
Number
IS 300
Title
Sales Data Analysis and Communication using Spreadsheets and Statistics
Description

This project gives students domestic sales records containing detailed information including: store number, sales region, item number, item description, unit price, units sold, and date of sale.  Students need to work with the data using spreadsheet technologies such as Microsoft Excel. They need to apply a number of spreadsheet formulas on the data, aggregate the data using pivot tables, summarize data, and create charts and tables with summary data. In addition, students apply measures of central tendency (mean, median and mode) as they relate to sales data. They also arrive at measures of variability (e.g. range, standard deviation, and variance) on different segments of sales data, and calculate measures of relative position (e.g. percentiles, quartiles, and interquartile ranges). Students need to demonstrate an understanding of these statistical concepts, and how to compute them with formula in spreadsheets. Students will then use this information to complete a written report for the CEO as well as a PowerPoint presentation for the Board of Directors. Students will also demonstrate their editing capabilities by revising a colleague’s memo and will also complete an evaluation / reflection of the primary deliverables.

Required text: Glenn, Cheryl and Loretta Grey, The Hodges Harbrace Handbook, 2009 MLA Update Edition, 17th Edition. ISBN: 978-0495797562

Successful completion of this project satisfies credit equivalents in the following competency areas: Information Systems (0.5), Business Statistics (0.8), and Business Communication (0.7).

Credit Equivalent
2