Statistical Methods II

Middle Tennessee State UniversityQM 3620

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

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

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)

Introduction

Other items:

• Syllabus• D2L Resources• Exams• Classwork• Tentative schedule• Excel Overview