Data Analysis and Decision Making
This course will familiarize students with the assumptions underlying various statistical techniques and assist in identifying their appropriateness in a variety of situations. The student should be able to perform statistical analysis and interpret results in a meaningful way. Students are expected to relate results of such analyses to become an information-based decision maker.
The course learning objectives include:
- Help students understand the value of data collection and analysis in acquiring knowledge and making decisions in today’s business environment.
- Students will be able to identify and apply the appropriate statistical technique for a given set of conditions in order to answer a particular question.
The techniques that we learn and cover will be methods that convert data into information so that you, as a business person, can make better informed decisions.