Introduces methods of probability assessment and statistical inference. Includes data presentation; descriptive statistics; basic probability concepts; discrete and continuous probability distributions; decision theory; estimation and sampling distributions; Central Limit Theorem; simple linear regression and hypothesis testing for a single sample or population. Emphasizes business and economic applications. Utilizes spreadsheet software as a tool for problem-solving.

Lecture Hours: Lecture 3 hours.
Prerequisites: MTH 161

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