Covers foundations for statistical reasoning and statistical applications in business. Topics include graduate-level treatment of descriptive statistics,probability, probability distributions, sampling theory, sampling distributions, and statistical inference (estimation and hypothesis testing). Provides an introduction to regression analysis, analysis of variance, time series forecasting, decision analysis, index numbers and nonparametric methods. Prerequisites: Restricted to Master of Business Admin (MBAD), MBA with Dual Degree (DMBA), Joint Juris Doctor/MBA (JMBA) or Professional MBA Program (PMBA) majors only.