Course Description

Introduction to various statistical and probabilistic concepts and techniques with application to business problems including random variables and probability distributions, measures of central tendency and dispersion, testing of hypotheses, simple linear regression, and correlation.

Prerequisites: C or better grade in ISOM 125 or a passing grade (D- or better in ISOM 210; C or better grade in MATH 111, or a passing grade (D- or better) in MATH 132, 161, 162, 165, or 166.

 

External Links

• Yahoo! Finance
• Muncie Weather
• Economic Report of the President
• Bureau of Labor Statistics: Prices and Wages, Employment
• Federal Reserve Economic Data - FRED: The Federal Reserve Bank of St. Louis
• Federal Reserve, Board of Governors, Statistical Releases: Industrial Production, Interest Rates, Exchange Rates
• U.S. Census Bureau: Manufacturing and Retail Sales, Population, Housing, Construction
• Bureau of Economic Analysis: National Income and Product Accounts
• Department of Energy: Energy Prices
• The Conference Board: Economic Condition
• National Bureau of Economic Research: Business Cycle Dates
• Economagic.com: Economic Time Series Page

Interactive Excel Exercises: Normal Probability

• Standard Normal
• Standard Normal with given probability
• Normal Probability
• Normal Probability with given probability