FBA310- Business Statistics II

Business Statistics II (FBA310) is an advanced course that builds upon the foundational concepts covered in Business Statistics I.

This course focuses on the application of statistical techniques and methods to analyze and interpret data in a business context.

Students will develop a deeper understanding of statistical concepts and their practical applications in decision-making and problem-solving within various business domains.

Course Information

Difficulty: Difficult

Course Instructors

Joshua Co-author

osunleyeebenezer45 Co-author

Sampling Distribution, Estimation and Introduction to Hypothesis

Definition of key Terms in Sampling and Estimation

Sampling and Sampling Techniques

Introduction to Sampling Distribution

Shape of a Sampling Distribution

Estimation

Interval Estimation of population and sample proportion

Introduction to Hypothesis Testing

Key Concepts Under Hypothesis Testing

One sample Test With and Without Known Variance, Two sample Test With and Without Known variance, Three or More Sample Tests

One-tailed Test vs Two-tailed Test

One Sample Test With and Without Known Variance

Two sample Test With and Without Known Variance

Test For Independence and Test For Goodness of Fit

Chi-squared Test

Test for Independence

Test for Goodness of Fit

Correlation and Regression Analysis

Introduction to Correlation Analysis

Kinds of Correlation Analysis

Methods of Studying Correlation: Scatter Diagram Method

Methods of Studying Correlation: Karl Pearson’s Coefficient of Correlation

Method of Studying Correlation: Spearman Rank Coefficient of Correlation

Regression Analysis

Time series, Business forecasting and Index Number

Introduction to Time series: Definition and Components

Estimation of Trend

Forecasting

Index Number: Meaning, Characteristics and Uses of Index Number

Method of Constructing Index Numbers: Unweighted Index

Weighted Indexes: Laspeyre’s Paasche and Fisher Price Index