In today’s business world, companies cannot remain competitive if they must measure every
product’s weight, color, size, strength, and any other characteristic 100 percent. Organizations
use probability and statistics to measure samples of a product and provide mathematical proof
of the quality of the product or process.
By the end of this course, you will be able to
• Define probability
• Describe and apply probability concepts
• Define statistics
• List statistical parameters
• Distinguish between descriptive and inferential statistics
• Distinguish between a population parameter and a sample statistic
• Define a central limit theorem and its significance in statistics
Course ID Number: SIX-3011