What can I expect from a Business Statistics Class?

Question

I signed up for Business Statistics and Analysis class. What can I expect going into this class?

Answer 1

Prepare to be unprepared!!!  This is not a "math" class it is totally different from any class i had ever taken before, I hope you don;t have a real heavy course load as this calss will take much of your time. Good lUck!

Answer 2

You'll learn probability & statistics.  (I didn't mean for that to sound so dumb)

There will be some math involved.  Not real high power stuff.

There will be regressions: Seeing if two sets of data are related.  Some times the teacher will show how data can be misinterpreted.

Probability:  The chance of drawing to an inside straight.

Those are the simple applications (not so business), then they'll take you business applications.  How probability can be used and statistics can be used in market research to:

1. Evaluate the effectivity of an ad campaign.

2. Who you're reaching in an ad campaign.

3. Likelihood in predicting the future of a market trend, will a capital expansion do any good.