Business Statistics
Overview
- Descriptive Statistics: frequency distributions, graphical displays, measures of central tendency, measures of dispersion.
- Probability: experiments, counting rules, assigning probabilities, events, complement, exclusion, intersection, union, addition law, conditional probability.
- Discrete Probability Distributions: expected value and variance, binomial distribution.
- Continuous Probability Distributions: uniform and normal probability distributions.
- Sampling Distributions: random sampling, sampling distribution of sample mean and sample proportion.
- Interval Estimation: means and proportions, small and large samples, determining sample size.
- Hypothesis Testing: formulating and testing a research hypothesis, I and II tailed tests about sample mean and proportion, Type I and II error.
- Statistical Inference with Two Populations (independent samples): interval estimation and hypothesis tests for difference between two means and between two proportions.
- Computer Analysis with Excel Spreadsheets: creation of spreadsheets, histograms, frequency tables, scatter charts, interval estimates, and use of probability distribution functions.
- Simple Linear Regression: least squares, model and assumption, R-Squared, prediction.
Lectures and seminars.
| Final Exam | 30% |
| Term Examinations (2-3) | 40% - 50% |
| Computer Lab Test | 5% - 10% |
| Assignments (6-12) | 15% - 25% |
| Participation | 0% - 5% |
| 100% |
Note: Students must achieve a grade of at least 50% on the combined examination components to pass the course.
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
At the end of the course, the successful student should be able to:
- collect statistical data using appropriate sampling techniques;
- organize statistical data and calculate measures of central tendency and variation;
- calculate the probability of events when they are mutually exclusive, independent and dependent;
- use binomial and normal distribution to make probability estimates;
- set up confidence intervals for population means and proportions;
- use sample information to test statements or claims about parameters;
- use computer spreadsheets to solve statistical problems;
- use simple regression to determine significance of relationship between two variables.
Textbooks and Materials to be Purchased by Students
Donnelly, Robert A. Jr.; Business Statistics, Latest Edition, Pearson; or
Sharpe, Norean R., De Veaux, Richard D. et al. Business Statistics, Latest Edition. Pearson; or
Other textbooks approved by the department.
Use of only Commerce and Business Administration faculty-approved calculators.
Requisites
Prerequisites
FINC 1231 or (Principles of Math 12 with a C or Pre-Calculus 12 with a C or equivalent) OR currently active in one of the following:
PBD Accounting
PBD Advanced Supply Chain Management
PBD Computer and Information Systems
PBD Digital Marketing
PBD Finance
PBD International Supply Chain Management
PDD Accounting
PDD Accounting Studies
PDD Data Analytics
PDD Financial Analysis
PDD Supply Chain Management
For PDD/PBD students who are not required to take FINC 1231 as a pre-requisite in their program, it is recommended that students engage in self-directed studies in Business Math or Algebra prior to taking this course. Free self-directed courses can be found on sites such as Cousera or edX. Free open texbooks can be found on BC Campus and Open Stax.
Corequisites
No corequisite courses.
Equivalencies
No equivalent courses.
Course Guidelines
Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.
Course Transfers
These are for current course guidelines only. For a full list of archived courses please see https://www.bctransferguide.ca
| Institution | Transfer details for BUSN 2429 |
|---|---|
| Acsenda School of Management (ASM) | ASM BADM 221 (3) |
| Alexander College (ALEX) | ALEX COMM 291 (3) |
| Athabasca University (AU) | AU MGSC 301 (3) |
| Camosun College (CAMO) | CAMO BUS 230 (3) |
| Capilano University (CAPU) | CAPU BADM 210 (3) |
| College of New Caledonia (CNC) | CNC MATH 157 (3) |
| Coquitlam College (COQU) | COQU STAT 291 (4) |
| Fairleigh Dickinson University (FDU) | FDU QUANT 2029 (3) |
| Kwantlen Polytechnic University (KPU) | KPU BUQU 1230 (3) |
| Langara College (LANG) | LANG STAT 1XXX (3) |
| North Island College (NIC) | NIC STA 115 (3) |
| Okanagan College (OC) | OC STAT 124 (3) |
| Simon Fraser University (SFU) | SFU ECON 233 (4) & SFU ECON 2XX (2) |
| Simon Fraser University (SFU) | SFU BUS 232 (3) or SFU ECON 233 (3) or SFU STAT 101 (3) or SFU STAT 201 (3) or SFU STAT 203 (3) |
| Thompson Rivers University (TRU) | TRU ECON 2320 (3) |
| Trinity Western University (TWU) | TWU BUSI 275 (3) |
| University of British Columbia - Okanagan (UBCO) | UBCO STAT_O 121 (3) or UBCO STAT_O 124 (3) |
| University of British Columbia - Vancouver (UBCV) | UBCV COMM_V 2nd (3) |
| University of British Columbia - Vancouver (UBCV) | DOUG BUSN 2290 (3) & DOUG BUSN 2429 (3) & DOUG BUSN 3431 (3) = UBCV COMM_V 190 (3) & UBCV COMM_V 191 (3) |
| University of British Columbia - Vancouver (UBCV) | DOUG BUSN 2290 (3) & DOUG BUSN 2429 (3) & DOUG BUSN 3431 (3) = UBCV COMM 190 (3) & UBCV COMM 191 (3) |
| University of Northern BC (UNBC) | UNBC ECON 205 (3) or UNBC STAT 240 (3) |
| University of the Fraser Valley (UFV) | UFV ECON 226 (3) |
| University of the Fraser Valley (UFV) | UFV ECON 226 (3) |
| University of Victoria (UVIC) | UVIC STAT 252 (1.5) |
| Vancouver Community College (VCC) | VCC MGMT 1009 (3) |
| Vancouver Island University (VIU) | VIU QUME 232 (3) |
Course Offerings
Winter 2025
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
12637
|
Mon | Instructor last name
Law
Instructor first name
Victor
|
Course status
Full
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
12638
|
Wed | Instructor last name
Hamid
Instructor first name
Bassem
|
Course status
Waitlist
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
12639
|
Fri | Instructor last name
Solyom
Instructor first name
Michael
|
Course status
Open
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
12640
|
Fri | Instructor last name
Solyom
Instructor first name
Michael
|
Course status
Open
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
12641
|
Mon | Instructor last name
Law
Instructor first name
Victor
|
Course status
Open
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
14604
|
Tue | Instructor last name
Hamid
Instructor first name
Bassem
|
Course status
Waitlist
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
14717
|
Wed | Instructor last name
Hamid
Instructor first name
Bassem
|
Course status
Waitlist
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
15082
|
Tue | Instructor last name
Hamid
Instructor first name
Bassem
|
Course status
Waitlist
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
16099
|
Tue | Instructor last name
Ashktorab
Instructor first name
Niloofar
|
Course status
Open
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
16856
|
Wed | Instructor last name
Raja
Instructor first name
Majid
|
Course status
Full
|
| CRN | Days | Instructor | Status | More details |
|---|---|---|---|---|
|
CRN
17461
|
Sat | Instructor last name
Raja
Instructor first name
Majid
|
Course status
Full
|
BUSN 2429 071 - This section is on Saturdays.