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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

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.

CA

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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76 - 100 von 155 Bewertungen für Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

von Ruiqi D

Sep 07, 2018

Excellent course! Thank you!

von Ramasubramaniyam S

Sep 26, 2018

Over a short span of a month, it feels as though I've progressed from extremely less to significantly good knowledge on Data descriptors and statistical distributions on a business perspective thanks to the course.

von Aline C

Oct 21, 2018

well designed and useful, great course !

von Esther K

Aug 13, 2018

Great course!

von John D I

Aug 28, 2018

Great course and great instructor. Very clear explanations of each topic.

von Penny W

Aug 17, 2018

good

von Lalit J

Oct 30, 2018

Love the way course was designed and the way example problems were solved.

von Gregory R G J

Nov 20, 2018

Thumbs Up!

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 Emil R

Nov 28, 2018

Great course. Excellent Instructor

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 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 David L C F

Apr 24, 2019

Great course. From basic to practical application.

von Wendy P N E

Apr 18, 2018

GREAT COURSE!!

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 Charles E

Nov 24, 2019

Very good course with well structured course materials and assessments

von Abhishek M

Dec 10, 2019

Truly wonderful course. The explanation of complex terms was done extremely meaningfully, in clear and simple to understand terms, many real world and practical examples were provided to drive the concepts home, and the exercises were challenging. Care was taken to not let the subject matter become too complex or abstract. I absolutely loved the little recaps and the sharing of handy tips and commands on Excel for immediate practical exploration.

Prof Borle's voice was crisp, loud and easy to follow, which to me was crucial.

All in all, an exceptional experience of learning. Thank you!

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 Scott S

Sep 07, 2017

Great practical course

von Jaime M

Sep 07, 2017

Great course to identify and analyse statistical distributions.

von Wellington G S

Aug 08, 2017

Important part of the specialization.

von Gabriel F H

Aug 21, 2017

Great course and materials!!

von shadrack B

Dec 11, 2016

Absolutely great course. Learnt a lot of useful information.