Probability and Statistics for Business

Course Instructor

Subclass A: Dr. Cai, Zhanrui

Subclass B & C: Dr. Qiao, Xinghao

Course Description

This course introduces fundamental concepts of probability and statistics. It helps students to understand how to evaluate uncertainty using probability and conduct statistical inference. Students will learn how to solve real world problems by simple Monte Carlo simulations and linear regressions. No programming skill is required, we will conduct simple simulations by Microsoft Excel.

Course Learning Outcomes

CLO1: Describe uncertainty by probability.

CLO2: Comprehend basics of statistical inference

CLO3: Solve real-world problems by simple Monte Carlo simulations and linear regressions

Mutually Exclusive Course(s)

ECON1280 Analysis of Economic Data

STAT1602 Business Statistics

STAT1603 Introductory Statistics

Offering Semester in 2023-2024

Second Semester