During the course, the student should achieve the ability to: (1) formulate a management problem as a statistical problem if appropriate; (2) collect data and to execute basic statistical procedures in analysis; and (3) to interpret, critically evaluate, and implement the results of the statistical analysis. In particular, the student should be able to: generate and use basic graphical and numerical descriptive methods;
apply basic estimation and testing procedures;
estimate and interpret the parameters of simple and multiple regression models; to test the utility of the models and to use them for estimation and prediction;
think statistically about issues facing her/his organization
recognize when statistical methods are effective, and when they are not, translate,
communicate, and critically evaluate the results of statistical analyses