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.
Dieser Kurs ist Teil der Spezialisierung Spezialisierung Business Statistics and Analysis
von


Über diesen Kurs
Kompetenzen, die Sie erwerben
- Statistics
- Statistical Analysis
- Normal Distribution
- Poisson Distribution
von

Rice University
Rice University is consistently ranked among the top 20 universities in the U.S. and the top 100 in the world. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy.
Lehrplan - Was Sie in diesem Kurs lernen werden
Basic Data Descriptors
Descriptive Measures of Association, Probability, and Statistical Distributions
The Normal Distribution
Working with Distributions (Normal, Binomial, Poisson), Population and Sample Data
Bewertungen
- 5 stars78,55 %
- 4 stars18,27 %
- 3 stars2,46 %
- 2 stars0,52 %
- 1 star0,17 %
Top-Bewertungen von BASIC DATA DESCRIPTORS, STATISTICAL DISTRIBUTIONS, AND APPLICATION TO BUSINESS DECISIONS
I personally loved it!! Coming from a technical background, it really helped me to understand how we can apply the concepts and techniques to real world/practical problems.
This course was great. Although the concepts introduced are complex, the instructor breaks them down and gives relatable, real-world style examples to easily explain the application.
The Instructor is awesome. Every content is been introduced simply that anyone can understand. The course will increase your intention towards the statistics in daily life.
This is one of the best courses i have atended since, the exercises are all related to the topic.Great job. . Thanks to Mr Sharad Borle for explaining very well the content in this course .
Über den Spezialisierung Business Statistics and Analysis
The Business Statistics and Analysis Specialization is designed to equip you with a basic understanding of business data analysis tools and techniques. Informed by our world-class Data Science master's and PhD course material, you’ll master essential spreadsheet functions, build descriptive business data measures, and develop your aptitude for data modeling. You’ll also explore basic probability concepts, including measuring and modeling uncertainty, and you’ll use various data distributions, along with the Linear Regression Model, to analyze and inform business decisions. The Specialization culminates with a Capstone Project in which you’ll apply the skills and knowledge you’ve gained to an actual business problem.

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