DALHOUSIE UNIVERSITY 
COMM 2501: Statistics for Business 
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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Dalhousie University - COMM 2501: Statistics for Business

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ACADEMIC YEAR 2025 - 2026

University	Dalhousie University
Study Level	Undergraduate
Course Code	COMM 2501
Course Name	Statistics for Business
Notes Title	Final Examination Guide and Notes
Page Length	56

Prepare for the exam with the most complete study guide available for COMM 2501: Statistics for Business at Dalhousie 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.

COMM 2501: Statistics for Business covers the fundamentals of statistics, including data collection and analysis methods, probability concepts, and statistical tests used for business decision-making. The course explores how to collect data, design experiments, summarize data visually, and analyze both numerical and categorical data. It also covers probability distributions, estimation techniques, and hypothesis testing to help you draw conclusions from data.

✔ By the end of this course, you should be able to:

Understand the principles of collecting data and sampling techniques.
Learn methods for displaying and summarizing quantitative data.
Learn methods for displaying and summarizing categorical data.
Gain proficiency in probability theory.
Understand discrete random variables and their distributions.
Understand continuous probability distributions.
Understand sampling distributions.
Learn techniques for estimating with confidence intervals.
Learn hypothesis testing with one sample.
Perform inference for two population means.
Perform inference for two population proportions.
Test the equality of two variances.

COURSE CODE	COURSE NAME
COMM 1060	Introductory Statistics for Science and Health Sciences
COMM 1101	Introductory Accounting I (Financial)
COMM 1503	Introduction to Quantitative Decision Making
COMM 2202	Finance I
COMM 2203	Finance II
COMM 2303	Introduction to Organizational Behaviour
COMM 2401	Introduction to Marketing
COMM 2501	Statistics for Business
COMM 2603	Legal Aspects of Business
COMM 3105	Intermediate Financial Accounting I
COMM 3111	Intermediate Financial Accounting II
COMM 3116	Cost Management
COMM 3203	Financial Institutions
COMM 3206	Investment and Money Management
COMM 4240	Advanced Corporate Finance
COMM 4402	Derivatives
ECON 1101	Principles of Microeconomics
ECON 1102	Principles of Macroeconomics
ECON 2200	Intermediate Microeconomics
ECON 3338	Econometrics I
ECON 4440	Time Series in Economics

Dalhousie University - COMM 2501: Statistics for Business

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