ACCT 1550 Statistics for Business

Statistical methods for data analysis, probability, and decision-making in business contexts.

About the course

Statistics for Business (ACCT 1550) introduces the core statistical methods used to analyse data and support decision-making in business environments. You will learn how to collect, organise, and interpret numerical information, then apply probability concepts to real-world scenarios. The course emphasises practical application, using tools to model relationships and test hypotheses that affect business outcomes.

Who takes this course

This course is an elective available to students in the Accounting program. It is also open to students in other programs who need a foundation in quantitative methods for business analysis.

Credits: 3 · Hours: 45

Prerequisites

None

Learning outcomes

• Collect and organize raw business data for analysis.
• Apply probability distributions to business scenarios.
• Construct and interpret confidence intervals for business estimates.
• Perform hypothesis tests to evaluate business claims.
• Use regression analysis to model relationships between variables.

Evaluation