Management Science (MGSC) 301

Statistics for Business and Economics I (Revision 7)

MGSC 301

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Delivery Mode: Individualized study online with eTextbook

Credits: 3

Area of Study: Applied Studies
(Business and Administrative Studies)

Prerequisite: None

Precluded Course: MATH 215 and MATH 216. (MGSC 301 may not be taken for credit if credit has already been obtained for MATH 215 or MATH 216.)

Centre: Faculty of Business

MGSC 301 has a Challenge for Credit option.

Télé-université du Québec equivalency: STA 1001

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**Note: Students registering in grouped study mode are advised that there may be some differences in the evaluation and course materials information indicated below. To obtain the most up-to-date information, contact the Faculty of Business Student Support Centre at 1-800-468-6531.


This is a three-credit, introductory course in statistics designed to provide students with the basic concepts and methods of statistical analysis. The course and the textbook are tailored to meet the needs of students in administrative studies. Accordingly, application problems are borrowed from business and economics, with many exercises based on real data. Credits earned in MGSC 301 may be applied toward the Canadian Operational Research Society (CORS) diploma.


  • Lesson 1: Data and Statistics
  • Lesson 2: Descriptive Statistics: Tabular and Graphical Methods
  • Lesson 3: Descriptive Statistics: Numerical Measures
  • Lesson 4: Introduction to Probability
  • Lesson 5: Discrete Probability Distributions
  • Lesson 6: Continuous Probability Distributions
  • Lesson 7: Sampling and Sampling Distributions
  • Lesson 8: Interval Estimation
  • Lesson 9: Hypothesis Testing
  • Lesson 10: Statistical Inference about Means and Proportions with Two Populations
  • Lesson 11: Inferences about Population Variances


To receive credit for MGSC 301, you must submit both assignments, achieve a minimum grade of D (50 percent) on both the midterm and the final examination and achieve a minimum overall grade of D (50 percent) for the entire course.

Activity Weighting
Assignment 1 20%
Midterm Exam 30%
Assignment 2 20%
Final Exam 30%
Total 100%

The examination(s) for this course will be written in the traditional pen and paper format.

To learn more about assignments and examinations, please refer to Athabasca University's online Calendar.

Course Materials


Registration in this course includes an electronic textbook. For more information on electronic textbooks, please refer to our eText Initiative site.

Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2014). Statistics for business and economics (12th ed.). Mason, OH: South-Western Cengage Learning.

You can acquire a print version of the textbook on your own if you wish.

Other Resources

All other learning resources will be available online.

Challenge for Credit Course Overview

The Challenge for Credit process allows students to demonstrate that they have acquired a command of the general subject matter, knowledge, and intellectual and/or other skills that would normally be found in a university level course.

Full information for the Challenge for Credit can be found in the Undergraduate Calendar.

Challenge Evaluation

To receive credit for the MGSC 301 challenge registration, you must achieve a grade of at least D (50 percent) on the examination.

Paper Exam

Undergraduate Challenge for Credit Course Registration Form

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 7, May 1, 2014.

View previous syllabus

Updated April 03 2019 by Student & Academic Services