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EXCEL FOR BUSINESS STATISTICS

EXCEL FOR BUSINESS STATISTICS

Joško Meter

ECTS: 5

FREQUENCY OF OFFERING: Summer semester

PREREQUISITES: Basic statistics, basic MS Excel proficiency

DESCRIPTION OF THE COURSE:  This course will go through basic statistics with an emphasis on business applications. Microsoft Excel will be used extensively to carry out calculations and illustrate principles and ideas.
The course will begin with the descriptive statistics, including graphical and numerical presentation of data.  Other topics: the basics of probability, random variables, normal distribution, sampling distributions,  confidence intervals, tests on parameters of one and two populations, analysis of variance, regression analysis, time series, forecasting, quality control and improvement, decision analysis.

OUTCOMES: After completing this course, students should be able to:

  1. Perform basic statistical analyses using built in Excel tools
  2. Develop and refine decision-making skills by basing decision upon the outcome of statistical tests.
  3. Analyze real world scenarios and determine the appropriate type of analytical problem solving techniques to utilize.
  4. Interpret the results of print-outs generated with MS Excel statistical tools.
  5. Understand the reasoning behind each statistical test.

TEACHING METHODOLOGIES:  lectures, discussions, excercises

 
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