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Course Description:
The Fundamentals of business statistics are presented. Topics may include descriptive statistics, random variables, probability distributions, estimation, and hypothesis
testing, regression, and correlation analysis. Statistical software is used to assist in the analysis of these problems.
The purpose of this course is to provide students with statistical tools needed. It also emphasizes understanding the process associated with statistical decisions, definig and
formulating problems, analyzing the data, and using the results in decision making.
Course Outcomes: By the end of the first semester, students must have:
1. Explain basic statistical concepts such as statistical collection species characteristics, statistical series, tabular and graphical presentation of data, measure the central
tendency, dispersion, and correlation and regression analysis.
2. Independently calculate basic statistical parameters (mean, measure dispersion and correlation)
3. Demonstrate the understanding of statistical thinking and data analysis techniques for decision-making uncertainly.
4. Apply statistical techniques to data sets, and correctly interpret the result.
5. Analyze and apply computer generated statistical outcome to solve problems.
CO 4
Characters
for October
– Initiative
and
Punctuality
Week 12
CO 4 (Midterm
Examination)
CO 2 &
4
Week 18 (Final
Characters Examination)
for
December –
Generosity
and
Sincerity
CO 4
&5
Suggested References:
1. Books
John Buglear (2001) Stats means Business statistics;
Altares, Copo, Gabuyo, Laddaran, Mejie. Policarpio, Tizon, Yao (2012) Elementary Statistics Rex Bookstore
Course Assessment:
Grading System (Numerical)
1. Attendance - 10%
2. Class Standing - 50% (Quizzes – 20% / Recitation – 30%)
3. Major Examination - 40%
Final Grade Computation: Prelim Grade (30%) + Midterm Grade (30%) + Raw Final Grade (40%)