Walsh Catalog 2021-2022

Walsh

QM 501 INTRODUCTION TO BUSINESS ANALYTICS

This course covers the fundamentals of statistics. It starts with defining data in the context of decision-making situations. Diverse types of data are explored focusing on data classification schemes, data summary statistics, and basic data graphical visualization. The concept of probability is covered with a singular and laser focus on normal and binomial probability distributions. The theory of sampling and sampling distribution is presented solving practical decision-making problems. The last part of the course focuses on confidence interval and test of hypothesis and their applications to data driven decision-making. 

Credits

1

Prerequisite

None