UNIVERSITY OF ALBERTA 
STAT 161: Introductory Statistics for Business and Economics
Comprehensive Revision Guide and Notes 2025 
 
- Part 01: Topic Summary and Exam Tips 
- Part 02: Exam Practice Questions and Answers 
- Part 03: Sample Examination 
- Part 04: Suggested Solutions to Exam Paper 
 
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STAT 161 - Introductory Statistics for Business and Economics (Solutions)

C$35.00

ACADEMIC YEAR 2024 - 2025

University	University of Alberta
Department	Economics
Course Code	STAT 161
Course Title	Introductory Statistics for Business & Economics
Notes Title	Comprehensive Revision Guide and Notes
Page Length	61

Prepare for the exam with the most complete study guide available for the STAT 161: Introductory Statistics for Business and Economics at the University of Alberta, 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. The guide will help you to take the final exam with complete confidence.

STAT 161 is an introductory statistics course focusing on statistical reasoning and data analysis for Business and Economics. It covers essential topics such as data collection, descriptive statistics, probability distributions, sampling distributions, and the central limit theorem. The course also includes point estimation, hypothesis testing, correlation and regression analysis, and the use of goodness of fit and contingency tables. Students will use a statistical software package for analysis.

Note that students can only receive credit for one of STAT 151, STAT 161, or STAT 235, and those who have taken certain other statistics or related courses may not take STAT 161 for credit.

* Prerequisite for this course is Mathematics 30-1 or 30-2.

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ACCTG 211	Introduction to Accounting for Financial Performance
ACCTG 222	Introduction to Accounting for Management Decision Making
ACCTG 315	Intermediate Financial Accounting II
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ECON 101	Introduction to Microeconomics
ECON 102	Introduction to Macroeconomics
ECON 281	Intermediate Microeconomic Theory I
ECON 299	Quantitative Methods in Economics
ECON 399	Introductory Econometrics
FIN 201	Introduction to Finance
FIN 312	Investment Principles
FIN 322	Capital Investment
FIN 413	Risk Management
FIN 414	Operation of Financial Institutions
MARK 201	Introduction to Marketing
MGTSC 212	Probability and Statistics for Business
PSYCH 213	Introduction to Data Analysis in Psychology I
SEM 301	Behaviour in Organizations
STAT 151	Introduction to Applied Statistics I
STAT 161	Introductory Statistics for Business and Economics
STAT 235	Introductory Statistics for Engineering

STAT 161 - Introductory Statistics for Business and Economics (Solutions)

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