BUAN 501 - Data Analysis and Decision Making

3 units (fi 6)(EITHER, 3-0-1)

Faculty of Business

This course begins with a survey of graphical and numerical techniques available for studying and describing data. Following an introduction to probability distributions, an overview of statistical inference for means and proportions is provided. Regression, analysis of variance and decision analysis are then utilized to analyze data and support decision making. Time series models are also briefly discussed. The data and decisions analyzed throughout the course will be representative of those commonly encountered by managers. During the required lab sessions, spreadsheet analysis of data, Monte Carlo simulation and the use of software for statistical analysis will be presented. Not open to students who have completed MGTSC 511 and MGTSC 521.