DECISION 610 - Probability and Statistics

Course Description

Regardless of the setting, management decisions are necessarily made under conditions of uncertainty. This course introduces a framework for thinking about problems involving uncertainty and, building on this framework, develops tools for interpreting data.

The main topics covered in the course are:

The emphasis is on application rather than theoretical development. We consider applications in a variety of areas, including finance, marketing, human resources, operations and accounting. The goal of the course is to sharpen students’ quantitative and analytical skills and to provide a foundation in probability and statistics for subsequent courses and for a management career.

Course Textbooks