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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...

Top-Bewertungen

EM

Aug 27, 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

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.

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51 - 75 von 271 Bewertungen für Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

von Harshit D

May 10, 2020

Mr. Sharad explained all the concept in a very student-friendly manner, cleared many concepts which weren't clear earlier. Thanks for the course.

von Vipul J

Jul 10, 2020

Amazing course! It covers most of the topics related to Statistical Distributions. Nicely structured course with very interesting quizzes.

von Jitka S

Mar 06, 2020

Excellent course, easy to follow. Clear explanations, practical examples and showing useful Excel functions make the course really great.

von Matthew

Sep 08, 2020

As it often is for Coursera, it's annoying to not be able to see the answers you missed but otherwise this is a solidly-designed course.

von Gianina J C T

Aug 19, 2020

This course summarizes the most important things about the most popular Statistical Distributions very well and is very practical.

von HUMEIRA

May 29, 2020

The course was very well structured and it has simplified the explanations of statistical distributions which were really helpful.

von Abhijeet B

Apr 14, 2020

The course is very useful in understanding the basic concept of statistics and ways it may be used in different industry domains.

von sutan a m

Mar 18, 2019

concrete example and direct application. using excel, it should be easy to conduct basic statistical analysis. I learned so much.

von Kartik V

Dec 30, 2017

Great course, helped refresh statistics and a good refresher on various distributions. Problem application was also very helpful.

von kaila v d r

Jun 19, 2017

Excellent coaching. I never thought understanding statistics would be easy, but Mr. sharad borle teachings are really impressive.

von Andras F

Feb 02, 2018

I got exactly what I needed, a good and compact summary on statistical distributions that can be used in a business environment.

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!

von Cynthia N

Aug 15, 2020

Great introductory to business statistics! Provides lots of business examples and applications to help learn the content.

von Avichit M

Aug 07, 2017

Some more questions in the quiz in between the lessons might be of more help as they could clear the concepts thoroughly.

von Bhagyesh C

Sep 04, 2020

Need more information on how to apply what is being taught, they will just tell you the formulas and give some examples.

von M B

Jun 06, 2020

The course is fully packed with essential learning material that is useful in academics, research and on job application

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 Yash S

Nov 17, 2019

I found this course helpful and easy, it is more of how you can use statistics with the use of excel, which is great.

von Russel Q

Oct 01, 2018

Excellent intro to basic statistics, vocabulary, and calculations. Sequenced nicely, and great real world examples.

von DIONYSIOS Z

Aug 01, 2017

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

von Maneet J

Apr 06, 2020

Amazing course! Got to learn how to use various kind of probability using Excel with the help of real life examples.

von Paritosh D

Sep 16, 2018

an excellent course!

presents stats related info - enough to put anyone to sleep - in an engaging manner.

thank you!

von Lan H D

Jun 07, 2020

The content presents the basic foundation of applied statistics. The lecturer has a good teaching demonstration.

von nazim.dadashov1985@gmail.com

May 24, 2017

Excellent resource to master such crucial skills as the application of statistics method to business problems.

von Thomasina B

Aug 15, 2020

Explained the concepts about the statistical models without getting bogged down in alot of technical lingo.