MATH 41 Business Statistics

3 unit(s)
Business Statistics provides a comprehensive foundation in data analysis and statistical methods essential for informed business decision-making. The course develops competencies in descriptive statistics, probability theory, statistical inference, and predictive modeling, with a strong emphasis on real-world business applications. Students learn to interpret data effectively, identify patterns and relationships, and draw evidence-based conclusions to support strategic decisions. The curriculum also introduces advanced analytical techniques such as analysis of variance (ANOVA), time series forecasting using ARIMA models, and Monte Carlo simulation to address uncertainty and risk in business environments. Through a combination of case-based and project-based learning, students engage with real datasets to perform analysis, build models, and generate actionable insights. This approach fosters critical thinking, analytical rigor, and the ability to apply statistical tools in dynamic, data-driven business contexts.

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