The course introduces statistical analysis and its applications in business. Basic statistical techniques and concepts are covered including descriptive statistics, random variables, probability distributions, sampling distributions, estimation and confidence intervals, one-sample hypothesis testing, inferences from two samples, Chi-Square tests, correlation, analysis of variance and simple linear regression. The Statistics Lab 1 teaches students the basic tools (E.g. Excel, SPSS) and programming (E.g. R) required to perform the statistical analyses covered in the course.