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153 Bewertungen

Über den Kurs

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...



Aug 23, 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.


Jun 15, 2017

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.

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51 - 75 von 148 Bewertungen für Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

von Scott S

Sep 07, 2017

Great practical course

von Johnson D

Mar 21, 2018

Good Course, gives a basic introduction

von Tim S

Nov 20, 2016


von Linglu M

May 23, 2017

Not easy to follow, but the professor did such a good job laying out the course and explain quiz questions on discussion board!


Jun 22, 2017

Excellent course, which is very well developed by Prof. Sharad. It is must for those who wish to understand the applicability of Probability concept in business decision making. On my part, I thoroughly enjoyed the challenging Quizzes, and at the end it was worth it!

von Diego F

Jan 23, 2018

I learnt the basic of data analysis and making business decisions based on the results.

von Corry A

Jun 15, 2017

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.

von saurabh m

Jul 31, 2017

a very well articulated course.

von Timothy L

Nov 12, 2017

This teacher is the best! He is able to clearly explain complex, abstract concepts!

von Jason B

Jun 11, 2018

Very Challenging and Informative

von Isabel

May 31, 2017

Good explanations

von José A G U

Feb 07, 2018

Excelente curso para aprender los principios básicos del manejo de datos.

von Juan C G

Apr 10, 2018

It's simply great!

von Tom B

Oct 09, 2017

Great Introduction course. Anybody looking to study statistics should first look at this course.

von jorge l

Jun 04, 2018

It was great. Test was a little bit difficult for me, however after revising and studying again the lessons I was finally able to pas it, most important thing was not to pass the test but to understand the material better.

von shadrack B

Dec 11, 2016

Absolutely great course. Learnt a lot of useful information.

von Alex M

Mar 02, 2018

I liked how straightforward it was. Straight into the materials and their explanations, with examples, well explained, and all in very well paced videos. The mini-quizzes at the end of each lesson were also a major help.


Aug 01, 2017

Lot's of useful examples and hands-on exercises. Just the right pace for beginners. Great course - recommend it 100%!

von Asha

Jan 09, 2018

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.

von Akshay H

May 02, 2017

Any one looking for quick refresher course in Business Statics this is the specialization to enroll.

Prof/Instructor Sharad has explain the concept in crisp & precise manner & hands on practice in excel is big plus..!!

For any one who wants to learn business statistics ,I kindly urge you enroll this course/specialization so you have basic overview of all topics in business statistics & later read text book Business Statistics by Ken black for through understanding of all topics.

von udaya a s

Feb 06, 2018

i don't know if any other courses in this section from other sites , cant get simpler and easy to understand like this

von Jaime M

Sep 07, 2017

Great course to identify and analyse statistical distributions.

von Oladapo O

Mar 08, 2017

Lessons learned are very impactful.


Feb 28, 2018

Statistical concepts were made very clear in this course. Very useful course if someone wants to implement stats in real business scenarios. I've ENJOYED thoroughly!!

von abhinav k

Dec 23, 2016

Looking forward to more such courses on Statistics and Probability related to Data Science.