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Course Descriptions
Course catalog descriptions for courses offered in all currently published terms.
 

Operations and Management Science
 
OMS 501 Applied Business Statistics
  3 hours Core Terms Offered: F09, W09, F08, W10
  Course Prerequisites: No credit in OMS 502 
  Advisory Prerequisites: College algebra 
   
  Applied Business Statistics --- Evening MBA Core Course. Mathematics review; descriptive statistics, and the graphical description of data. Calculation of even probabilities, random sampling, and assessing personal probabilities. Normal, binomial, and Poisson distributions. Sampling distributions and the tabular analysis of large data sets. Confidence intervals and tests of hypotheses. The computer will be used to demonstrate these topics. Decision trees and expected value of information. Quality control charts; simulation models. Correlation and regression analysis with diagnostics. Framing hypotheses based on large data sets; survey sampling concepts.
 
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