MBA600 Quantitative Decision Making (3 cr.)

This course is designed to give students a practitioner’s ability to utilize quantitative decision making tools and techniques commonly used in business. The QDM tools and techniques used in operations management, inventory management, marketing, project management and finance are covered. Topics include hypothesis testing, confidence intervals, subjective probability, decision trees, Bayes Theorem, and regression.

Upon completion of the course, students are expected to be able to do the following:

1. Utilize hypothesis testing, confidence intervals, and regression to obtain a quantitative basis to make business decisions.
2. Apply decisions trees to qualitative situations in business.
3. Apply subjective probabilities to provide insight into business situations involving uncertainty and risk.
4. Utilize decision software designed to support qualitative business decision making.