BUAD 502A - Probability and Statistics I

(3) Prerequisite(s): This course is a prerequisite to begin the remainder of the program, students may be able to satisfy these prerequisites with courses from other sources, this is handled during the admission and onboarding process.

This course covers, first in the area of probability, the concepts of discrete and continuous probability distributions as well as conditional probability. This course also covers basic statistics, which is a set of tools for interpreting data. Descriptive statistics are covered which, as the name implies permits us to describe basic characteristics of data: this includes the computation of means, standard deviations, and ranges of a data set. The course also covers inferential statistics, which are methods for uncovering deeper insights from the data: these methods include hypothesis testing. Data visualization is also an integral part of data analysis and this course.