Course DescriptionThis course builds on the concepts introduced in QMS 102. Some of the topics to be studied follow: confidence interval estimation, hypothesis testing of means, variances, proportions, independence, and simple/multiple regression with applications to forecasting. The course emphasizes how to apply various inferential statistical techniques in the support of managerial decisions in the various functional areas of business. SPSS and/or programmable calculators are used.
Sample Course Outline
Supplies to be purchased by the student: Software and calculator specifications will be announced at the first session. Students require access to a computer with Microsoft Windows. Calculators are not required for Internet classes.
RequisitesPrerequisite: CQMS 102 or QMS 204 or Direct Entry
Antirequisite: CHIM 408, QMS 210, QMS 230
- Applied Analytics and Statistics for 21st Century Decision-Making : Required Courses (Option 2)
- Business Decision Analysis : Required Courses (select 2)