NORMANDALE COMMUNITY COLLEGE                               

COMMON COURSE OUTLINE

BUSN 2220: STATISTICS FOR BUSINESS AND ECONOMICS

I.          Effective Date: Fall 2007.  To be reviewed by department annually.

II.                   Catalog Description:

BUSN 2220  Statistics for Business and Economics  4 CR, FALL  SPRING 

III.         Recommended Skills: Prerequisite:  MATH 110, College Algebra or equivalent

IV         Course Content:  See topics.

V.                  Outcomes:  Upon successful completion of this course, the student should be able to:

A.             Forecasting methods.

B.        Descriptive statistics, graphic presentation.

C.            Become familiar with frequency distributions

D.            Acquire a basic understanding of probability distributions

E.            Understand the concepts of sampling, sampling distributions and interval estimation 

F.             Be familiar with hypothesis testing procedures.

G.            Develop the ability to use these concepts as management tools for decision making specifically, pricing,        production, promotion, and product features.

H.       Introduction to deterministic & Monte Carlo simulation methods.

VI,        Methods for Evaluation of Student Learning:

A.                  Problem solving, simulation, presentation.

VII.       Special Information: - By far the best statistics course there ever was, is, & will be.