Wytheville Community College

Business Management and Administration (BUS)

BUS 216
- Probability and Statistics for Business and Economics

(
3
cr.)

Introduces methods of probability assessment and statistical inference. Includes data collection and presentation; descriptive statistics; basic probability concepts; discrete and continuous probability distributions; decision theory; sampling and estimation; and hypothesis testing. Emphasizes business and economic applications. Utilizes computer software as a tool for problem solving. Lecture 3 hours per week.