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The ability to understand and apply Business Statistics is becoming increasingly important in the industry. A good understanding of Business Statistics is a requirement to make correct and relevant interpretations of data. Lack of knowledge could lead to erroneous decisions which could potentially have negative consequences for a firm. This course is designed to introduce you to Business Statistics. We begin with the notion of descriptive statistics, which is summarizing data using a few numbers. Different categories of descriptive measures are introduced and discussed along with the Excel functions to calculate them. The notion of probability or uncertainty is introduced along with the concept of a sample and population data using relevant business examples. This leads us to various statistical distributions along with their Excel functions which are then used to model or approximate business processes. You get to apply these descriptive measures of data and various statistical distributions using easy-to-follow Excel based examples which are demonstrated throughout the course. To successfully complete course assignments, students must have access to Microsoft Excel. ________________________________________ WEEK 1 Module 1: Basic Data Descriptors In this module you will get to understand, calculate and interpret various descriptive or summary measures of data. These descriptive measures summarize and present data using a few numbers. Appropriate Excel functions to do these calculations are introduced and demonstrated. Topics covered include: • Categories of descriptive data • Measures of central tendency, the mean, median, mode, and their interpretations and calculations • Measures of spread-in-data, the range, interquartile-range, standard deviation and variance • Box plots • Interpreting the standard deviation measure using the rule-of-thumb and Chebyshev’s theorem ________________________________________ WEEK 2 Module 2: Descriptive Measures of Association, Probability, and Statistical Distributions This module presents the covariance and correlation measures and their respective Excel functions. You get to understand the notion of causation versus correlation. The module then introduces the notion of probability and random variables and starts introducing statistical distributions. Topics covered include: • Measures of association, the covariance and correlation measures; causation versus correlation • Probability and random variables; discrete versus continuous data • Introduction to statistical distributions ________________________________________ WEEK 3 Module 3: The Normal Distribution This module introduces the Normal distribution and the Excel function to calculate probabilities and various outcomes from the distribution. Topics covered include: • Probability density function and area under the curve as a measure of probability • The Normal distribution (bell curve), NORM.DIST, NORM.INV functions in Excel ________________________________________ WEEK 4 Module 4: Working with Distributions, Normal, Binomial, Poisson In this module, you'll see various applications of the Normal distribution. You will also get introduced to the Binomial and Poisson distributions. The Central Limit Theorem is introduced and explained in the context of understanding sample data versus population data and the link between the two. Topics covered include: • Various applications of the Normal distribution • The Binomial and Poisson distributions • Sample versus population data; the Central Limit Theorem...

Principales reseñas

EM
26 de ago. de 2020

This is one of the best courses i have atended since, the exercises are all related to the topic.Great job. .\n\nThanks to Mr Sharad Borle for explaining very well the content in this course .

GG
22 de ago. de 2017

The course has been designed in a manner to give maximum understanding of the concept. The Quizzes are really grilling. and helps you strengthen the knowledge gained from the lecture videos.

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126 - 150 de 301 revisiones para Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

por Patrick W

17 de oct. de 2020

It wasn't easy for me but I was able to manage through. Learned a lot.

por Shittu I

14 de ene. de 2019

Absolutely a powerful and awesome course.

Thank you for this opportunity

por Charles E

24 de nov. de 2019

Very good course with well structured course materials and assessments

por Elsayed k

17 de dic. de 2019

very useful and insightful content, I really liked the instructor.

por Víctor D B A

17 de oct. de 2020

Excellent course, the professor explain very well in short videos

por Yamala K R

19 de jul. de 2020

Nice to have the professor explanations with a good presentation.

por Krishna B

11 de abr. de 2020

It has been always nice learning under the professor. Thanks Sir.

por Hector M F

12 de feb. de 2020

Very informative course! I learned a great deal about statistics!

por Atis R

11 de feb. de 2019

It was a very good Excel and statistics refersher course for me.

por 张悦

10 de ene. de 2019

very helpful if you actually think about all the things learned.

por AJETUNMOBI O

3 de nov. de 2020

The course has application in my day to day business activities

por Jaime M

6 de sep. de 2017

Great course to identify and analyse statistical distributions.

por Shadrack B

11 de dic. de 2016

Absolutely great course. Learnt a lot of useful information.

por Andy L

22 de mar. de 2020

Great 'business relevant' example questions and scenarios

por Kelechi I

23 de may. de 2019

Excellent course. Straight to the point. Great professor.

por Pratyush

25 de jul. de 2017

Easy to grasp, good amount of practice, and well taught.

por Yang Y

31 de ago. de 2020

Learn something new on regression. Thanks to the course

por narges s

17 de abr. de 2020

The lessons are easy but quizzes are really challenging

por Muskan G

13 de dic. de 2019

Amazing start for basic statistics and probability

por David L C F

24 de abr. de 2019

Great course. From basic to practical application.

por sanyam b

21 de ago. de 2020

very good instructor and problems were very good

por Ryan S

10 de nov. de 2020

VERY CHALLENGING but practical and informative

por Shashwat A

25 de jul. de 2020

Interesting course with hands-on-experience

por Ronald M

28 de ago. de 2020

Great! Simple explanations to the topics

por Aline C

21 de oct. de 2018

well designed and useful, great course !