# Interpret business data using descriptive statisti

## Interpret business data using descriptive statistics techniques, including the use of spreadsheet functions

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`Synopsis`
`Students will learn to use basic statistical techniques and their applications to problems in accounting, finance, management, marketing `
`and business in general. Students should also be able to effectively communicate the results of their analyses. This unit covers `
`descriptive statistics for revealing the information contained in data; probability as a tool for dealing with uncertainty and risk; `
`probability distributions to model business behaviour; estimation and hypothesis testing techniques for decision making; simple tools `
`for forecasting time series; and calculation and interpretation of basic price indices. Excel is used extensively.`
`Objectives`
`The learning goals associated with this unit are to:`
• interpret business data using descriptive statistics techniques, including the use of spreadsheet functions
• apply simple concepts of probability and probability distributions to problems in business decision-making
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