3 Credits (3 Contact Hours)Focuses on the integration and use of introductory statistics, mathematics and microeconomic theory as an agribusiness decision tool. Profit maximization and cost minimization problems are solved in risky and riskless situations. Regression procedures are used to estimate economic parameters. Expected profit and risk tradeoffs are examined. Preq: AGRB 2020 or ECON 2110; and MATH 1020 and STAT 2300.