# Ch 5: Probability and Statistics for Business: Business Math Lesson Plans

The Probability and Statistics for Business chapter of this course is designed to help you plan and teach how to calculate the probability of events in your classroom. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

## Weekly Syllabus

Below is a sample breakdown of the Probability and Statistics for Business chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

DayTopicsKey Terms and Concepts Covered
Monday Mean, median, mode and range: definitions and examples Definitions of the four measures of central tendencies; explanation and calculation of the standard deviation or shifts in the mean
Tuesday Probability of events: types and examples Explanations and calculations of simple, compound and complementary events; comparison and calculations for independent and dependent events
Wednesday Statistical significance and expected value in probability Definition and calculation of statistical significance; use of a probability table to find an expected value, including residual error
Thursday Normal distribution and shifts in the mean Explanation and properties of probability distribution; definition of quartiles
FridayAverages and percentiles Definition and calculation of a weighted average; examples and formula for finding percentiles

9 Lessons in Chapter 5: Probability and Statistics for Business: Business Math Lesson Plans
Test your knowledge with a 30-question chapter practice test
Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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