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Statistics for Business: Course Outline AS-305

The course is designed to give non-intimidating presentation of statistical concepts, principals and techniques most useful for students in business management

Course Outline

  • Why statistics?
  • Descriptive statistics (measures of central tendency)
  • Descriptive statistics (measures of dispersion)
  • Descriptive statistics
  • Introduction to probability and hypothesis testing 
  • Calculating probabilities
  • Conditional probability
  • Random variables 
  • Islamic perspective
  • Binomial, poisson and hypergeometric  distributions 
  • Normal distribution and related distributions
  • Distribution with two random variables and   correlation 
  • Statistical estimation
  • Sampling and confidence intervals 
  • Hypothesis testing

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