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153 Bewertungen

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.
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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
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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
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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
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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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von Ashok A

•Dec 11, 2017

Super teachings by Sharad Sir.

von Hamilton C d R

•Oct 16, 2017

Great introductiont to Statistics.

von Harshavardhan S R

•Dec 03, 2017

It was excellent and very useful.

von Roni F

•May 03, 2018

Truly a great course. Explains things slowly and clearly, provides practice problems to practice what you learn in the videos, and when you don't get or understand a question on the quiz the forum is helpful to help you UNDERSTAND an issue you're having.

The only thing I would tweak is not telling what function to use in the questions - instead, putting it in a helpful note if the student chooses to use it. What I've been doing, since I want to see if I understand when to use what function, is try and skip over them.

Fantastic course.

von Rebecca L

•Apr 09, 2017

The instructor's approach to presenting the basics of statistics as well as the application of excel functions is by far the best I've experienced in statistics courses. This is a refresher for me, and, I'm really enjoying it!

von Husain S

•Jan 03, 2018

Good course. I completed it in while on trial period along with the first course in the specialization.

von Scott H

•May 08, 2018

I really like Professor Borle,

He speaks very clearly and concisely.....easy to understand even for a non-technical person like me. Five claps for this class.

von Gabriel F H

•Aug 21, 2017

Great course and materials!!

von Carlos J B A

•May 05, 2019

A rewarding experience because I have been able to learn very valuable information. It is an excellent course. It has helped me in the personal and professional field. Thank you.

von David L C F

•Apr 24, 2019

Great course. From basic to practical application.

von José R H

•Apr 01, 2019

The course is excellent! It gives you knowledge that you can immediately apply in the real world. Thanks!

von Kelechi I

•May 23, 2019

Excellent course. Straight to the point. Great professor.

von EDILSON S S O J

•May 26, 2019

Amazing Course!

von Suhas K

•Jun 01, 2019

Topics are taught in the best possible way with hands on experience in using them real time.

von MO H

•Jan 30, 2019

Showing the key important thing for learning the basic statistical concept; Nice example and practice.

von Kim K

•Aug 08, 2018

Rigorous and rewarding when you put the work in.

von Jeonghwan J

•Jul 18, 2018

good to understand and explaination

von Darryl F

•Sep 18, 2018

Tough Course at the end. Definitely needed to review multiple times

von Angel S

•Oct 26, 2018

excellent!

von deepak m

•Mar 28, 2018

I would like to go further in depth of the course for better understanding. I think I have got the topic but still far from understanding its business application.

von Daniel L

•May 24, 2017

Overall, great course and straightforward expectations for the end goals.

von Shreya M

•Jul 08, 2017

THE INSTRUCTOR WAS GOOD AND THE COURSE CONTENT WAS SIMPLE AND YET AMAZING. I ENJOYED EACH BIT OF THE CLASS. THANKS A TON!

von Robert H

•Aug 01, 2017

Clear and concise introduction to a number of statistical concepts. What this course lacks is application exercises in excel. It is taught well, but could benefit by expanding the course material to work with more problem sets in actual excel. For this one reason the cost of the course may not be worth it if you are unable to finish 2 to 3 courses in a month (imho).

von Colin P

•Apr 10, 2018

Good intro or refresher on how to apply apply basic statistical concepts to business problems. I can immediately apply the Poisson distribution to gain further insights at my current job. I thought the material was well presented by the speaker: spoke slowly, clearly, and didn't try to cover too much dense info. in each video segment. The quizes were a little bit of a stretch, from what was presented in the videos, but still relevant.

von Tim L

•Apr 30, 2018

Very good introduction to statistical distributions as it relates to business problems.

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