The legal system and legal ordering as they affect those engaged in business activities. Emphasis on the law of tort, law of contract, agency and bailment, business associations (partnerships/proprietorships/corporations) and real estate.

Introduction to statistical computing, descriptive statistics, probability concepts, interval estimation and hypothesis testing, categorical data analysis. Introduction to simple regression, multiple regression, and time series. Emphasis on the development of an ability to interpret results of statistical analyses with applications from business.