Thursday, November 20, 2025 at 2:00 PM until 5:35 PMEastern Standard Time UTC -05:00
Columbia Business School, David Geffen Hall645 W 130th StNew York, NY 10027United States
Please note: this section of this course is for students in the MBAxMS program. Please only register if you are interested in the Dual MBA/Executive MS in Engineering andApplied Science program. This core course is not open to MBA/EMBA students.Course Content This Core Course is for students in the MBAxMS program and not open to MBA/EMBA students. It introduces students to basic concepts in probability and statistics relevant to managerial decision-making. Topics include basic data analysis, random variables and probability distributions, sampling distributions, interval estimation, hypothesis testing and regression. Numerous examples are chosen from quality-control applications, finance, marketing and management. Students will also learn to model and how computer models can support managerial decision-making. A model is a simplified representation of a real situation, and modeling is the process of developing, analyzing and interpreting a model in order to help make better decisions. Models can be invaluable tools in managing and understanding the complexity and risk inherent in many business problems. As a result, models have become an increasingly important part of business at all levels from daily operations to strategic decision making.Division: Decision, Risk and Operations
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