
Business Statistics is the application of statistical methods and techniques to business problems and decision-making. It enables managers, researchers, and business professionals to analyze data, identify trends, forecast outcomes, and make informed decisions.
Course Learning Outcomes
By the end of this course, learners should be able to:
· Explain the role of statistics in business.
· Collect and organize business data.
· Apply descriptive statistical techniques.
· Use probability in business decision-making.
· Apply sampling techniques.
· Conduct hypothesis testing.
· Analyze relationships using correlation and regression.
· Forecast future business trends.
· Interpret statistical results for business decisions.
- Teacher: Admin User
