Business Statistics

level of course unit

1. Study cycle, Bachelor

Learning outcomes of course unit

The students are able to:
• independently analyze empirical data with suitable statistical methods and interpret the results.
• explain the differences between descriptive and inductive statistics.
• identify and independently implement essential statistical procedures.
• analyze and answer questions from the economic professional practice with statis-tical methods.
• competently use the Microsoft Excel software package for a wide range of data analyses and, if necessary, to fall back on alternative software such as SPSS or R.
• create and interpret concentration measures for the analysis of e.g. income inequality

prerequisites and co-requisites

Course: Business Mathematics

course contents

• Basic concepts of statistics
• Univariate and multivariate data description
• Basics of probability theory and theoretical distributions
• Estimation procedures and statistical tests
• Software like MS Excel (in-depth) and/or SPSS/R (on an illustrative basis)
• Gini coefficient and Herfindahl index