CARLETON UNIVERSITY
STAT 2606: Business Statistics I
Final Examination Guide and Notes 2026 
 
- Part 01. Topic Summary and Exam Tips 
- Part 02. Exam Practice Questions and Answers 
- Part 03. Sample Final Examination Paper 
- Part 04. Suggested Solutions to Final Exam Paper 
 
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Carleton University - STAT 2606: Business Statistics I

C$35.00

ACADEMIC YEAR 2025 - 2026

University	Carleton University
School	Sprott School of Business
Course Code	STAT 2606
Course Name	Business Statistics I
Notes Title	Final Examination Guide and Notes
Page Length	61

Prepare for the exam with the most complete study guide available for STAT 2606: Business Statistics I at Carleton University, including exam-style questions, and advice on common examination pitfalls. These notes provide support for learning and revision throughout the course. This self-study set has been thoroughly updated to cover all the topics contained in the latest edition of the exam. The key skills are demonstrated in the context of the core topics of study with expertly written example sets of notes, followed by opportunities to learn and test your knowledge with the sample exam paper and answer key.

STAT 2606

This course is designed to help you develop foundational statistical skills that are necessary for everyday business analysis. The objectives of Business Statistics 1 are to provide a basic knowledge of the application of mathematics and statistics to business disciplines; and develop the ability to analyse and interpret data in a meaningful way to assist in making management decisions.

✔ (Summary) What You Will Learn:

Populations and Samples, Levels of Measurement, Survey Sampling
Describing the Shape of a Distribution, Graphs for Quantitative and Qualitative Data, Measures of Central Tendency, Measures of Variation, Percentiles
Sample Spaces, Events, Elementary Probability Rules
Conditional Probability, Independence, Bayes’ Theorem, Counting Rules
Discrete Random Variables, The Binomial Distribution, The Poisson Distribution, The Hypergeometric Distribution
Continuous Random Variables, The Uniform Distribution, The Normal Distribution, The Normal Approximation to the Binomial Distribution, The Exponential Distribution
Sampling Distributions, The Central Limit Theorem
Introduction to Hypothesis Testing, Type I and Type II Errors, Tests about a Population Mean (σ known), Tests for a Population Proportion
Tests for Two Population Means (σ known) and Proportions, Sample Size Determination
Tests about a Population Mean (σ unknown), Hypothesis Tests for Comparing Two Populations (variances unknown)
Confidence Intervals for a Population Mean, and Population Proportion; Sample Size Determination
Confidence Intervals for Comparing Two Populations

SUBJECT	COURSE TITLE
BUSI 1001	Principles of Financial Accounting
BUSI 1002	Management Accounting
BUSI 1004	Financial Accounting for Business Students
BUSI 2002	Intermediate Accounting II
BUSI 2121	Introduction to Organizational Behaviour
BUSI 2204	Basic Marketing
BUSI 2501	Business Finance
BUSI 2505	Business Finance II
BUSI 2601	Business Law
BUSI 3001	Accounting for Business Combinations
BUSI 3502	Investments
BUSI 3512	Derivatives
ECON 1001	Introduction to Microeconomics
ECON 1002	Introduction to Macroeconomics
ECON 2030	Intermediate Microeconomics II: Consumers & General Equilibrium
ECON 2102	Intermediate Macroeconomics I
ECON 2210	Introductory Statistics for Economics
ECON 2220	Introductory Econometrics
ECON 4706	Econometrics I
ECON 4713	Time-Series Econometrics
PSYC 2002	Introduction to Statistics in Psychology
STAT 2507	Introduction to Statistical Modeling I
STAT 2509	Introduction to Statistical Modeling II

Carleton University - STAT 2606: Business Statistics I

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