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 perform data analysis through a series of directed questions. They will apply various techniques such as 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 their 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

  • Demonstrate knowledge of probability terminology and concepts, and compute probabilities.
  • Apply concepts of distributions to solve business problems.
  • Construct confidence intervals, and conduct hypothesis testing for means.
  • Apply appropriate Chi-square technique, and interpret test results.

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 will work with the data using spreadsheet technologies such as Microsoft Excel 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. Students will also 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 positon (e.g., percentiles, quartiles, and interquartile ranges). Students demonstrate an understanding of these statistical concepts and how to compute them with formulas 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 complete an evaluation/reflection of the primary deliverables. Note: Successful completion of this project satisfies credit equivalents in Information Systems (0.50), Business Statistics (0.80), and Business Communication (0.70).

    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).

    • Construct and utilize spreadsheets effectively.
    • Compute measures of central tendency, location, and variability.
    • Write clearly for target audiences, purposes, and contexts.
  • 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. (Materials provided with project.)

    • Apply algebraic and geometric methods to model and solve business problems using systems of equations.
2
BST 305 Business Analytics II

In this project, students will be performing data analysis through a series of directed questions. They will apply various Regression and ANOVA techniques. Based on statistical results, students are expected to thoroughly analyze a 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 their 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

  • Identify and apply the appropriate ANOVA test for business decision making.
  • Develop a regression model and predict the dependent variable.

Prerequisites:

  • BST 300: Business Analytics I

    BST 300: Business Analytics I

    In this project, students will perform data analysis through a series of directed questions. They will apply various techniques such as 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 their 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

    • Demonstrate knowledge of probability terminology and concepts, and compute probabilities.
    • Apply concepts of distributions to solve business problems.
    • Construct confidence intervals, and conduct hypothesis testing for means.
    • Apply appropriate Chi-square technique, and interpret test results.
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 will work with the data using spreadsheet technologies such as Microsoft Excel 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. Students will also 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 positon (e.g., percentiles, quartiles, and interquartile ranges). Students demonstrate an understanding of these statistical concepts and how to compute them with formulas 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 complete an evaluation/reflection of the primary deliverables. Note: Successful completion of this project satisfies credit equivalents in Information Systems (0.50), Business Statistics (0.80), and Business Communication (0.70).

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).

  • Construct and utilize spreadsheets effectively.
  • Compute measures of central tendency, location, and variability.
  • Write clearly for target audiences, purposes, and contexts.
2
Number
BST 300
Title
Business Analytics I
Description

In this project, students will perform data analysis through a series of directed questions. They will apply various techniques such as 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 their 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

  • Demonstrate knowledge of probability terminology and concepts, and compute probabilities.
  • Apply concepts of distributions to solve business problems.
  • Construct confidence intervals, and conduct hypothesis testing for means.
  • Apply appropriate Chi-square technique, and interpret test results.

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 will work with the data using spreadsheet technologies such as Microsoft Excel 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. Students will also 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 positon (e.g., percentiles, quartiles, and interquartile ranges). Students demonstrate an understanding of these statistical concepts and how to compute them with formulas 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 complete an evaluation/reflection of the primary deliverables. Note: Successful completion of this project satisfies credit equivalents in Information Systems (0.50), Business Statistics (0.80), and Business Communication (0.70).

    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).

    • Construct and utilize spreadsheets effectively.
    • Compute measures of central tendency, location, and variability.
    • Write clearly for target audiences, purposes, and contexts.
  • 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. (Materials provided with project.)

    • Apply algebraic and geometric methods to model and solve business problems using systems of equations.
Credit Equivalent
2
Number
BST 305
Title
Business Analytics II
Description

In this project, students will be performing data analysis through a series of directed questions. They will apply various Regression and ANOVA techniques. Based on statistical results, students are expected to thoroughly analyze a 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 their 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

  • Identify and apply the appropriate ANOVA test for business decision making.
  • Develop a regression model and predict the dependent variable.

Prerequisites:

  • BST 300: Business Analytics I

    BST 300: Business Analytics I

    In this project, students will perform data analysis through a series of directed questions. They will apply various techniques such as 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 their 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

    • Demonstrate knowledge of probability terminology and concepts, and compute probabilities.
    • Apply concepts of distributions to solve business problems.
    • Construct confidence intervals, and conduct hypothesis testing for means.
    • Apply appropriate Chi-square technique, and interpret test results.
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 will work with the data using spreadsheet technologies such as Microsoft Excel 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. Students will also 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 positon (e.g., percentiles, quartiles, and interquartile ranges). Students demonstrate an understanding of these statistical concepts and how to compute them with formulas 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 complete an evaluation/reflection of the primary deliverables. Note: Successful completion of this project satisfies credit equivalents in Information Systems (0.50), Business Statistics (0.80), and Business Communication (0.70).

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).

  • Construct and utilize spreadsheets effectively.
  • Compute measures of central tendency, location, and variability.
  • Write clearly for target audiences, purposes, and contexts.
Credit Equivalent
2