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Georgetown University


Detailed Course Information


Fall 2017
Nov 23, 2017
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OPIM 550 - Managerial Statistics
Statistics is the science and art of extracting useful information from data. It is both Descriptive and Inferential. While the former deals with methods of organizing, summarizing and presenting numerical data, the latter is concerned with methods for making inferences and drawing conclusions about characteristics of a population based on sample information. Business statistics introduces MBAs to concepts, methods, and techniques that are used extensively in business decision?making activities, both in the public and private sectors. The techniques introduced in this course are used in all functional areas of business, including accounting, finance, marketing, production and personnel management. These techniques and methods are tools for analysis, communication, and decision-making in the international business environment. Because the business environment is characterized by  uncertainty, statistics also provides business managers with tools necessary o arrive at conclusions and to make decisions in uncertain situations. 

3.000 Credit hours
3.000 Lecture hours
0.000 Lab hours

Levels: MN or MC Graduate, Juris Doctor
Schedule Types: Lecture

Operations & Information Mgmt Department

Must be enrolled in one of the following Degrees:     
      Master of Business Admin.

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Release: 8.7.2