1. Statistical Methods II Middle Tennessee State University QM 3620

2. Introduction What is this class? QM 3620 Statistical Methods II in the business school Focused on using tools to help make business decisions Extensive use of Microsoft Excel for statistical analysis Teaching approach based on mutual respect This is a very fast paced class, attendance is critical Class format – combination lecture / lab

3. Introduction Goal of this class is to: Improve your ability to analyze business data using tools such as Microsoft Excel Give you insights into basic tenets of statistics and how you can take advantage of them when analyzing data Teach you some advanced statistical techniques that can be used when you need to analyze relationships between variables Increase your net value to a company by teaching you data analysis skills valued in industry

4. Introduction What you already need: Basic quantitative reasoning skills Core knowledge from a Statistics I class (QM2610) An understanding of basic business principles such as revenue, expenses, profit, production, inventory, etc. An understanding of relationships between common business variables Working knowledge of Microsoft Excel (or the ability and dedication to learn very quickly)

5. Introduction Other items: Syllabus D2L Resources Exams Classwork Tentative schedule Excel Overview