Statistics for Management Decisions

Engr 116.

Statistics for Management Decisions. (Prof.

Mehrmia, A.) Lecture, four hours; outside study, eight hours.

Management as well as engineering decisions nearly always take place in environment characterized by uncertainty.

Probability provides mathematical framework for understanding how to make rational decisions when outcomes of actions are uncertain.

Application of probability to problem of reasoning from sample data, encompassing estimation, hypothesis testing, and regression analysis.

Discussion of specific analytical techniques needed in later courses in program.

Development of basic understanding of statistical analysis.