Villanova School of Business
Department of Economics and Statistics
Mat 1430 Business Statistics Dr. Michael W. Varano
Spring 2013 Office: Bartley Hall 1008
All Sections Office Hours: TBA (and/or by appointment) Telephone: (610) 519-7799 e-mail: michael.varano@villanova.edu https://elearning.villanova.edu/webct/ Fax Number: (610) 519-6054
TEXTBOOK:. Business Statistics: A Decision-Making Approach, 8th Edition David F. Groebner, Patrick C. Shannon, Phillip C. Fry, Kent D. Smith Prentice-Hall Publisher, 2011 ISBN: 9780136121015
COURSE DESCRIPTION: This course introduces the basic statistical concepts and methods in inferential statistics and quantitative decision making useful in analyzing problems in all areas of business and economics.
|Topics include: application of descriptive statistics; probability and probability models; point and |
|interval estimation methods, hypothesis testing, simple and multiple regression. |
COURSE OBJECTIVES: The purpose of this course is to introduce students to the statistical and quantitative concepts and methodologies as applied to the management environment of a business. It has the following objectives:
1) To develop an understanding of statistical concepts within the context of the business management function, decision-making. 2) To develop students’ ability to recognize, formulate, and analyze decisions of managers through the application of selected statistical and quantitative techniques as decision-making aids. 3) To develop