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Analyzing business data; statistical presentations; describing business data - measures of location describing business data - measures of variability; probability; probability distributions for discrete random variables; binomial, hypergeometric and Poisson; probability distributions for continuous random variables; normal and exponential; sampling distributions and confidence intervals for the mean; other confidence intervals; testing hypotheses concerning the value of the population mean; testing other hypotheses; the chi-square test; analysis of variance; linear regression and correlation analysis; multiple regression and correlation; time series analysis and business forecasting; index numbers for business and economic data; Bayesian decision analysis - payoff tables and decision trees; Bayesian decision analysis - the use of sample information; Bayesian decision analysis - application of the normal distribution; nonparametric statistical tests.