MCGILL UNIVERSITY
MGCR 271: Business Statistics
Comprehensive Revision Guide and Notes 2025 
 
Part A: Topic Summary and Exam Tips 
Part B: Exam Practice Questions and Answers 
Part C: Sample Examination 
Part D: Suggested Solutions to Exam Paper 
 
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McGill University - Business Statistics (MGCR 271)

C$35.00

ACADEMIC YEAR 2025 - 2026

University	McGill University
Study Level	Undergraduate
Course Code	MGCR 271
Course Name	Business Statistics
Notes Title	Comprehensive Revision Guide and Notes
Format	PDF
Page Length	61

Prepare with a clear, complete guide for MGCR 271: Business Statistics at McGill University. It supports your study across the term with concise notes, exam-style questions, and practical tips to avoid common pitfalls. Inside, you’ll find worked examples, targeted practice, and sample papers with answer keys so you can rehearse under test-like conditions, check your method, and build confidence. Updated to reflect current course coverage, this resource helps you focus on high-value topics, strengthen problem-solving skills, and walk into your exams prepared.

Statistical concepts and methodology, their application to managerial decision-making, real-life data, problem-solving and spreadsheet modeling. Topics include: descriptive statistics; normal distributions, sampling distributions and estimation, hypothesis testing for one and two populations, goodness of fit, analysis of variance, simple and multiple regression.

Key Areas of Focus:

Understand and describe data distributions.
Analyze relationships between different data sets.
Apply basic probability theory to solve business problems.
Use statistical methods to analyze count data.
Perform statistical inference on means and proportions.
Conduct simple and multiple regression analysis.
Implement forecasting techniques and logistic regression models.

Prerequisites: MATH 122 and MATH 123 or equivalent.

Restrictions: Not open to students who have taken or are taking ECON 227D1/D2, ECON 257D1/D2, MATH 203, MATH 204, MATH 324, or PSYC 204.

COURSE CODE	COURSE NAME
ACCT 351	Intermediate Financial Accounting 1
ACCT 352	Intermediate Financial Accounting 2
ACCT 361	Management Accounting
CACF 210	Introductory Financial Accounting
CACF 215	Introductory Managerial Accounting
CACF 310	Intermediate Financial Reporting 1
CACF 325	Intermediate Financial Reporting 2
BUSA 364	Business Law 1
ECON 208	Microeconomic Analysis and Applications
ECON 230D (1&2)	Microeconomic Theory
ECON 209	Macroeconomic Analysis and Applications
FINE 441	Investment Management
FINE 342	Corporate Finance
FINE 442	Capital Markets and Institutions
ECON 337	Introductory Econometrics 1
FINE 443	Applied Corporate Finance
FINE 448	Financial Derivatives
MATH 324	Statistics
MGCR 211	Introduction to Financial Accounting
MGCR 222	Introduction to Organizational Behaviour
MGCR 271	Business Statistics
MGCR 341	Introduction to Finance
MGCR 352	Principles of Marketing
MGSC 372	Advanced Business Statistics
MATH 423	Applied Regression

McGill University - Business Statistics (MGCR 271)

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