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Villanova University

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

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