Statistical Methods II

1. Statistical Methods II Middle Tennessee State University QM 3620

2. Introduction • What is this class? • QM 3620 Statistical Methods II in the business school • Focused on using tools to help make business decisions • Extensive use of Microsoft Excel for statistical analysis • Teaching approach based on mutual respect • This is a very fast paced class, attendance is critical • Class format – combination lecture / lab

3. Introduction • Goal of this class is to: • Improve your ability to analyze business data using tools such as Microsoft Excel • Give you insights into basic tenets of statistics and how you can take advantage of them when analyzing data • Teach you some advanced statistical techniques that can be used when you need to analyze relationships between variables • Increase your net value to a company by teaching you data analysis skills valued in industry

4. Introduction • What you already need: • Basic quantitative reasoning skills • Core knowledge from a Statistics I class (QM2610) • An understanding of basic business principles such as revenue, expenses, profit, production, inventory, etc. • An understanding of relationships between common business variables • Working knowledge of Microsoft Excel (or the ability and dedication to learn very quickly)

5. Introduction • Other items: • Syllabus • D2L Resources • Exams • Classwork • Tentative schedule • Excel Overview