Building on MATH 210, Analytical Statistics students examine advanced statistical techniques and methods, and their applications in global and northern Canadian organizations. The course emphasizes how to apply inferential statistical techniques to support managerial decisions in various functional areas of business (e.g. all levels of government, not for profits, private businesses, and research institutes). Students will partake in a final, experiential project which will incorporate many of the tools and concepts acquired in both courses. This will allow students to better understand unique northern business challenges and encourage them to work independently, as well as collaboratively, with local northern organizations.

Topics covered include: inference about a population, inference about comparing two populations, analysis of variance, chi-squared tests, regression, model building, time-series analysis and forecasting, statistical process control, and decision analysis. Learning objectives for each topic are reinforced with: business problems, small case studies and/or the application of statistical techniques using Microsoft Excel®.

Prerequisites: MATH210 or RRMT202 or equivalent

ACCT 400 is equivalent to BUS 307.