Managerial Statistics - DSC 5200

This course introduces basic concepts in probability and statistics with applications to managerial decision making. The topics covered include: basic data analysis, random variables and probability distributions, hypothesis testing, analysis of variance, linear and multivariable regression analysis.

Offered during the following semesters: (S19, F19, F20, F21)

List of Tentative Topics:

1. Introduction to Managerial Statistics
• Administrative matters • Course overview and expectations

2. Descriptive statistics
• Summarize data • Patterns identification, and information extraction • Order and percentile analysis • Introduction to Data Analysis Toolpak

3. Random variables and probability
• Basic concepts of random variables • Expected value • Variance, standard deviation and covariance • Uniform, Normal, Exponential, Binomial and other Probability Distributions

4. Sampling and Estimation
• Introduction to Statistical Inference • Uncertainty quantification • Hypothesis Testing • Analysis of Variance

5. Regression Analysis
• Univariate Regression Analysis • Multivariate Regression Analysis • Predictors Selection and Model Definition