This unit provides an introduction to statistics concepts and techniques for analyzing economic and business problems. The unit will focus on practical business applications of statistical theory and methods. Topics covered include exploratory data analysis, probability, statistical distributions, sampling and sampling distributions, confidence intervals, hypothesis testing, and regression. Students will be exposed to these topics and how each applies to the business environment. The unit is aimed to develop students’ quantitative reasoning skills and ability to solve statistical problems using both manual computations and statistical software.