B5100 & B6100 Managerial Statistics are mandatory statistics and data analysis courses for all MBA & EMBA students at Columbia Business School. We believe this course was also called B6104 Managerial Statistics at some point. The course introduces students to probability and statistics involved in managerial decision-making. B5100 & B6100 Managerial Statistics teaches foundational concepts of data analysis, random variables, and probability distributions, focusing on the key distributions such as the normal distribution, central tendency, sampling techniques, sampling distributions, confidence interval estimation, hypothesis testing, and regression.
The Decision, Risk, and Operations Department at Columbia Business School offers B5100 and B6100 managerial statistics. Our statistics tutors provide tutoring for both B5100 & B6100 Managerial Statistics courses at Columbia Business School.
B5100 & B6100 Managerial Statistics Course Objectives
B5100 & B6100 Managerial Statistics aims to teach students:
- How to think critically about data and the data analyses
- Different types of data
- How to collect business data
- How to use data to make better managerial decisions
- B5100 & B6100 Managerial Statistics should help MBA students identify opportunities to apply statistics and data analytics techniques at work to earn their salaries.
B5100 & B6100 Managerial Statistics Teaching Format
The B5100 & B6100 Managerial Statistics course teaching format is primarily lecture-based. However, many real-world examples are provided so students see how statistics and data analysis are applied in the real world. Significant reading, self-study, and preparation from students are expected for the class. Learning happens in teams, so there is a lot of mutual teaching and learning.
The B5100 & B6100 Managerial Statistics course at Columbia Business School aims to balance theoretical concepts with their practical application.
B5100 & B6100 Managerial Statistics also have problem sets to test understanding of key concepts efficiently. B5100 & B6100 Managerial Statistics “concept checks” short quizzes are given individually to check your understanding of the B5100 & B6100 Managerial Statistics material taught in class.
A number of data analysis and statistics examples are chosen from various business areas, including operations, finance, recruiting, sales and marketing, and management.
B5100 & B6100 Managerial Statistics Content
The B5100 & B6100 Managerial Statistics course is typical of any introductory statistics course at then MBA level.
- Descriptive Statistics
- Probability Basics
- Probability Models of Credit Risk
- Random Variables and Expected Value
- Normal Distribution
- Sampling
- Confidence Intervals
- Analyzing the Analysts
- Hypothesis Testing
- Regression
Each of the sessions above is supplemented by practice questions and assignments.
B5100 & B6100 Managerial Statistics Faculty
In recent years, B5100 & B6100 Managerial Statistics has been taught by several Columbia faculty members, including Cyrus Mohebbi, Assaf Zeevi, Paul Glasserman, Boaz Galinson, Jing Dong, Alex Mills, Daniel Russo, etc.
Textbook for B5100 & B6100 Managerial Statistics
The B5100 & B6100 Managerial Statistics courses do not require a textbook, but some faculty provide additional resources for those who need to supplement class slides. Basic Business Statistics by Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan, etc., is recommended. It helps students see how statistics can be used in their future careers by using examples drawn from all functional areas of real-world business.
B5100 & B6100 Managerial Statistics Evaluation
The final grades in the B5100 & B6100 Managerial Statistics class come from a final exam 50%, class participation 10%, concept check quizzes 10%, and assigned homework 30%.
Tutoring for B5100 & B6100 Managerial Statistics
There are several tutoring options provided by the Columbia Business School administration that we have listed here. If you don’t find the assistance you are looking for our statistics tutors provide tutoring for both B5100 & B6100 Managerial Statistics courses at Columbia Business School. Email or call us, and we will happily set up a tutoring session.