# Ch 29: WEST Business & Marketing Education: Basic Statistics for Business

Get ready for the WEST Business and Marketing Education exam by watching our engaging videos on basic statistics for business. The lessons in this chapter review how to calculate the probability of events, identify averages, use index numbers in statistics and more.

## WEST Business & Marketing Education: Basic Statistics for Business - Chapter Summary

Before taking the WEST Business and Marketing Education exam, brush up on your knowledge of basic math and statistics functions that are commonly used in business. The lessons in this chapter help you to review the definitions and formulas related to calculating:

• Standard deviation
• Probability of events
• Statistical significance
• Expected value
• Mean distribution and shifts
• Averages
• Percentiles
• Index numbers

Our knowledgeable instructors use illustrations and fun examples to present these math concepts in an easy-to-remember way. The transcripts allow you to easily access the formulas and definitions, and there are also multiple-choice quizzes that tie back to each video and test your skills.

The WEST Business and Marketing Education test is for those seeking a subject-matter specific credential to teach business and/or marketing in Washington. The computer-based test includes 110 multiple-choice questions that cover topics ranging from business management and economics to information technology and accounting. You may encounter statistics-related questions within the accounting domain area of the test; this domain makes up 17% of the test questions. Specifically, you can use these lessons to prepare for questions on applying mathematical concepts to analyze and solve business problems.

9 Lessons in Chapter 29: WEST Business & Marketing Education: Basic Statistics for Business
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.
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