BME 1503 Business Mathematics and Statistics

The objective of this course is to provide students with a basic understanding of mathematical and statistical principles and their application in solving business problems. This course stresses the use of arithmetic, algebra geometry and calculus in solving problems in business related areas such as Accounting, Finance, Operations Management and Economics. The course also includes topics from statistics such as collection and representation of data, measures of central tendency, basic probability concepts and probability distributions, sampling and hypothesis testing. This course stresses logical reasoning and problem solving skills.

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