Management Science (MGSC) 312

Statistics for Business and Economics II (Revision 6)

MGSC 312

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Delivery Mode: Individualized study online with eTextbook

Credits: 3

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

Prerequisite: MGSC 301 or MATH 215

Precluded Course: MATH 315 (MGSC 312 may not be taken for credit if credit has already been obtained for MATH 315.)

Centre: Faculty of Business

MGSC 312 has a Challenge for Credit option.

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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.


MGSC 312 is a second level introductory course in statistics, designed as a continuation of MGSC 301. Together, these courses provide students with basic concepts and methods of statistical analysis. The course and the textbook are tailored to meet the needs of students in administrative studies. Accordingly, all the applications problems are borrowed from business and economics, with many exercises based on real data.

Credits earned in MGSC 312 may be applied toward the Canadian Operational Research Society (CORS) diploma.


  • Lesson 1: Tests of Goodness of Fit and Independence
  • Lesson 2: Analysis of Variance and Experimental Design
  • Lesson 3: Simple Linear Regression
  • Lesson 4: Multiple Regression
  • Lesson 5: Index Numbers
  • Lesson 6: Forecasting
  • Lesson 7: Nonparametric Methods
  • Lesson 8: Statistical Methods for Quality Control


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

Completing the two assignments is mandatory. You are strongly encouraged to complete the assignments before writing the exams. If you do not complete an assignment, you will not be able to finish the course until you do so.

The following chart summarizes the evaluation activities:

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

In response to COVID-19 containment directives, temporary online exam(s) are available for this course.

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

Course Materials


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

Anderson, D. R., Sweeney, D. J., & Williams, T. A. (2011). Statistics for business and economics (12th edition). Mason, OH: South-Western Cengage Learning. ISBN 1133274536

Eldredge, D. L. (2005). A Microsoft Excel companion for business statistics (3rd edition). Mason, OH: South-Western Cengage Learning. ISBN 0324225539

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

Other Resources

Students will access all other course materials online.

Note: You must have Microsoft Excel installed on your computer in order to complete course requirements.

Challenge for Credit Overview

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

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

Challenge Evaluation

To receive credit for the MGSC 312 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 6, June 24, 2015.

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