Statistics vs Quantitative Analysis: Not the Same Course

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Statistics 101 vs Math 2503 credits eachStatistics: ACE and NCCRS

Statistics vs Quantitative Analysis: not the same course

No: Principles of Statistics teaches you to describe data and draw conclusions from it, with probability, confidence intervals, hypothesis tests and regression. Quantitative Analysis teaches tools for business decisions: decision analysis, simulation, inventory and queuing, project scheduling, linear programming, and transportation and assignment problems. Both use probability.

Same course?
No: different topics
ACE recommended
Statistics only
Credit
3 semester hours each

What you learn

From the syllabi: what only one course covers, and where they meet.

Only in Statistics

  • Study design and data displays
  • Normal distribution and sampling
  • Confidence intervals
  • Hypothesis testing
  • Regression and correlation
  • ANOVA and chi-square

In both

  • Probability
  • Probability distributions

Only in Quantitative Analysis

  • Decision analysis
  • Simulation and Monte Carlo
  • Inventory and queuing
  • Project scheduling and critical path
  • Linear programming
  • Transportation and assignment problems

Side by side

Principles of Statistics (Statistics 101) and Quantitative Analysis (Math 250), from the two syllabi
 StatisticsQuantitative Analysis
Course codeStatistics 101Math 250
Chapters14 chapters13 chapters
Instructional hours67 hours34 hours
ACEYes: ACE ID UPIS-0003No: NCCRS only
FocusDescribing data and testing claimsModels for business decisions
PrerequisitesNone listed
Final exam100 multiple-choice questions

Both are self-paced: quizzes and the assignment are open-book, the final is proctored, and 70 or higher passes.

Which one should you take?

Take the course your degree names.

Take Statistics if

  • Your degree asks for a statistics course
  • You need confidence intervals, tests and regression
  • Your college takes ACE recommendations

Take Quantitative Analysis if

  • Your degree names Quantitative Analysis
  • You want linear programming and decision models
  • You study business, finance or management

Questions, answered

Is Quantitative Analysis the same as Statistics?

No. Principles of Statistics (Statistics 101) covers describing data, probability, distributions, confidence intervals, hypothesis tests, regression and ANOVA. Quantitative Analysis (Math 250) uses probability inside business decision tools: decision trees, simulation, inventory and queuing models, project scheduling and linear programming.

Should I take Statistics before Quantitative Analysis?

Neither syllabus lists a prerequisite, so you can take them in either order. Both use probability, which Principles of Statistics teaches from its third chapter.

Which carries an ACE recommendation: Principles of Statistics or Quantitative Analysis?

Principles of Statistics (Statistics 101): ACE recommends 3 semester hours, ACE ID UPIS-0003, and NCCRS recommends 3 as well. Quantitative Analysis (Math 250) is NCCRS only: 3 semester hours in Mathematics, Statistics, Economics, Finance, Management or Data Science, among other areas.

What are Principles of Statistics and Quantitative Analysis worth in college credit?

Principles of Statistics: NCCRS recommends 3 semester hours, lower division, in Mathematics among other subjects; ACE recommends 3 (ACE ID UPIS-0003). Quantitative Analysis: NCCRS recommends 3 semester hours, lower division, in Mathematics among other subjects.

Which subjects can Principles of Statistics and Quantitative Analysis count toward?

Principles of Statistics: Mathematics, Economics, International Business, Finance, Finance and Investment, Accounting, Management, Human Resources, Hospitality Management, Management Information Systems, Marketing, Education, or Health Services. Quantitative Analysis: Mathematics, Computer Science, Economics, Actuarial Science, Statistics, International Business, Finance, Finance and Investment, Management, Computational Finance, Financial Engineering, or Data Science. Your college decides which requirement each one fills.

How long are Principles of Statistics and Quantitative Analysis?

Principles of Statistics is longer by its syllabus. Principles of Statistics: 14 chapters and 67 instructional hours. Quantitative Analysis: 13 chapters and 34 instructional hours. Both are self-paced, so you finish as fast or as slow as you want.

How are the Principles of Statistics and Quantitative Analysis final exams set up?

Principles of Statistics: 100 multiple-choice questions, 50% of the grade. Quantitative Analysis: 100 multiple-choice questions, 25% of the grade.

Which textbooks do Principles of Statistics and Quantitative Analysis use?

Principles of Statistics: Illowsky, Barbara, and Susan Dean, editors. Introductory Statistics 2e. OpenStax, 2023, with other references. Quantitative Analysis: Render, Barry, et al. Quantitative Analysis for Management. 13th ed., Pearson, 2021 (optional).

Where is the Principles of Statistics syllabus?

On upistudy.com: the Principles of Statistics syllabus opens after a free sign-in. It lists all 14 chapters, the grading and the credit recommendation, so you can send it to your registrar.

Is the Principles of Statistics final proctored?

Yes, online: under light proctoring (no camera) if you already have 70% before it, otherwise under full proctoring. The quizzes and the assignment are open-book; the Principles of Statistics final is not.

How do I know if my college takes Principles of Statistics and Quantitative Analysis?

ACE and NCCRS have over 2,100 cooperating colleges that will consider accepting credits; the final decision is with the universities. Search your school in Find My College and ask your registrar which courses Statistics 101 and Math 250 would count as. For the registrar: Principles of Statistics's NCCRS recommendation lists Mathematics and Quantitative Analysis's NCCRS recommendation lists Mathematics.

Where these credits can go

ACE and NCCRS have over 2,100 cooperating colleges that will consider accepting credits; the final decision is with the universities.

  • Thomas Edison State University (TESU) logo
  • University of the People logo
  • Strayer University logo
  • Post University logo
  • Charter Oak State College logo
  • Indiana Tech logo
  • Columbia Southern University logo
  • University of Arkansas Grantham logo
  • American College of Education logo
  • Nexford University logo
  • Newlane University logo
  • Pathways College logo
  • Dunlap-Stone University logo
  • Woodmont College logo
  • University of Management and Technology (UMT) logo
  • Crestpoint University logo
  • Maestro University (formerly Bottega University) logo
  • Gracelyn University logo
  • EC-Council University logo

Plus many more partner colleges and ACE and NCCRS cooperating colleges.

Find My College →

Keep exploring

Check your college first

ACE and NCCRS have over 2,100 cooperating colleges that will consider accepting credits; the final decision is with the universities.

Sources (3)

UPI Study facts are from our course catalog, syllabi and course rules.