Through this course, students will build up a knowledge base of statistical concepts and approaches used in business analysis. This would help students to learn and understand the concepts needed in higher-level courses in economics. This course covers major parts from Chapter 1-12, and Chapter 14-16 in textbook. Topics discussed includes: data and statistics, descriptive statistics(graphic techniques and numerical measures, basic probability theory, discrete and continuous probability distributions, sampling and sampling distribution, interval estimation, hypothesis testing, statistical inference about mean and population with two means, test of independence and goodness of fit, correlation and regression.

Prerequisite: ECON 101, ECON 102, MATH 101