Statistics vs Business Statistics: Is It the Same Course?

Home › Courses › Statistics vs Business Statistics

Statistics 1013 creditsACE and NCCRS recommended

Statistics vs Business Statistics: the same course?

Nearly: Business Statistics teaches the same first course, from data and probability to confidence intervals, hypothesis tests and regression, with business examples and statistical software. UPI Study's Principles of Statistics (Statistics 101) is built on business statistics: NCCRS lists its first topic as an introduction to Business Statistics, and ACE and NCCRS each recommend it for 3 semester hours.

The business school's name

Business Statistics

Intro statistics for business decisions, often with statistical software; Texas's common course is BUSI 2305.

Not offered under this name at UPI Study.

Same course?
Nearly: same topics, business examples
Statistics 101 is
Built on business statistics
Credit
3 semester hours (ACE, NCCRS)

What you learn

Texas's Business Statistics description, against the Statistics 101 syllabus and NCCRS's listing.

Texas Business Statistics topics in Statistics 101

  • Collecting and describing data
  • Probability
  • Discrete and continuous random variables
  • Binomial and normal distributions
  • Sampling distributions
  • Confidence intervals
  • Hypothesis tests
  • Linear regression and correlation

Also in Statistics 101

  • Chi-square tests
  • Analysis of variance (ANOVA)
  • Nonparametric tests
  • Study and experimental design

Check with your program

  • A required software package
  • A 4-credit course, like Penn State's SCM 200

Side by side

Statistics and Business Statistics, as colleges list them
 StatisticsBusiness Statistics
Texas (common courses)MATH 1342 Elementary Statistical MethodsBUSI 2305 Business Statistics
Penn StateSTAT 200 Elementary Statistics: 4 credits, GQSCM 200 Intro to Statistics for Business: 4 credits, GQ
Oregon StateST 243Z Elementary Statistics IBA 275 Foundations of Statistical Inference
Math before itOregon State: high school algebra recommendedCollege Algebra or MATH 1324 (Texas); MTH 111Z or placement (Oregon State)
SoftwarePenn State STAT 200: extensive useTexas BUSI 2305: used throughout the course
UPI StudyPrinciples of Statistics: business data and Excel; ACE and NCCRS, 3 semester hours

Statistics 101 has 14 chapters and 67 instructional hours. Its textbooks include OpenStax's Introductory Business Statistics, and it lists no prerequisite.

Which one do you need?

Statistics 101 likely fits if

  • Your plan names Statistics, Elementary Statistics or Business Statistics
  • Its topics run from probability to hypothesis tests and regression
  • Your college works with ACE or NCCRS recommendations

Ask your program first if

  • It names a 4-credit course, like Penn State's SCM 200
  • It requires a specific software package
  • It needs a second statistics course

After Statistics 101

  • Quantitative Analysis: decision models and linear programming
  • NCCRS lists Statistics among its subject areas

Questions, answered

Is Business Statistics the same as Statistics?

Nearly. Texas describes BUSI 2305 Business Statistics as “Descriptive and inferential statistical techniques for business and economic decision-making.” Its topics, from probability and the normal distribution to confidence intervals, hypothesis tests and regression, are largely those of Elementary Statistical Methods (MATH 1342); what differs is the business examples and the software. Penn State offers both, STAT 200 and SCM 200, and each counts for its Quantification (GQ) requirement.

Is Principles of Statistics a business statistics course?

Largely, yes. NCCRS lists Statistics 101's major topics as starting with “introduction to Business Statistics”, and its outcomes include the ability to “analyze, interpret, and visualize business data using statistical software like Excel”. Its textbooks include OpenStax's Introductory Business Statistics. It also covers chi-square tests, ANOVA and nonparametric tests.

Is business statistics harder than statistics?

Not by name; the math asked before it can differ. Oregon State recommends only high school algebra for ST 243Z Elementary Statistics I, while BA 275 asks for Precalculus I (MTH 111Z) or a placement score, and Texas lists College Algebra or MATH 1324 before Business Statistics. Statistics 101 lists no prerequisite; it has 14 chapters and 67 instructional hours and is self-paced.

How much credit is Principles of Statistics worth?

NCCRS recommends 3 semester hours, lower division, in Mathematics among other subjects; ACE recommends 3 (ACE ID UPIS-0003).

Does Principles of Statistics count as Mathematics credit?

Its NCCRS recommendation lists Mathematics, Economics, International Business, Finance, Finance and Investment, Accounting, Management, Human Resources, Hospitality Management, Management Information Systems, Marketing, Education, or Health Services. Your college decides which requirement it fills.

Does Principles of Statistics have a prerequisite?

Its syllabus lists no prerequisite, so you can start it today.

What is on the Principles of Statistics final exam?

100 multiple-choice questions, counting for 50% of the grade.

Which textbook does Principles of Statistics use?

The syllabus lists Illowsky, Barbara, and Susan Dean, editors. Introductory Statistics 2e. OpenStax, 2023, with other references.

What comes after Principles of Statistics?

Quantitative Analysis. In the “Business and data” order on the Math courses page, it follows Principles of Statistics. Your program may set its own order.

Can I take Principles of Statistics on its own?

Yes. Principles of Statistics is a separate course: enroll in it alone, study it online at your own pace, and send its transcript to your college.

How soon after finishing Principles of Statistics can I send the credit?

As soon as your dashboard shows Principles of Statistics at 100%. The last assignment takes about 48 hours to be checked, so leave about two days after you submit it, then request the transcript.

Will Statistics 101 transfer to my college?

ACE and NCCRS have over 2,100 cooperating colleges that will consider accepting credits; the final decision is with the universities. ACE recommends 3 semester hours (ACE ID UPIS-0003), and NCCRS recommends 3 in Mathematics, Economics, Finance, Accounting, Management or Marketing, among other areas. Search your school in Find My College and ask your business school which course Statistics 101 would count as. For the registrar: Principles of Statistics'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 (7)

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