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1,035 Bewertungen
158 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...

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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101 - 125 von 155 Bewertungen für Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

von Wellington G S

Aug 08, 2017

Important part of the specialization.

von Gabriel F H

Aug 21, 2017

Great course and materials!!

von Yury V

Aug 13, 2017

This is an amazing course, very useful to those who works with large massive of data everyday. Materials offered in this course are very useful to analyze business processes. I would highly recommend this course to my colleagues and friends.

von shadrack B

Dec 11, 2016

Absolutely great course. Learnt a lot of useful information.

von saurabh m

Jul 31, 2017

a very well articulated course.

von Akash P

Oct 14, 2018

Super teaching

von Keli J

Jan 07, 2018

This is a very practical course for those with limited or no knowledge of business statistics, full of real-world applications and opportunities to practice. As a communicator who does not have much of a business or statistical background, I've found this course to provide an excellent foundation and understand of such important business processes.

von kundan k

Mar 11, 2018

Nice course and well explained.

von Russel Q

Oct 01, 2018

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

von Benjamìn A G

Feb 03, 2019

All is excellent!

von Sabarish V

Dec 29, 2018

The course content was concise enough to breeze through it in under a dozen hours (for an engineer). The assignments and practice quizzes were very helpful. I was a bit disappointed that the content was very basic, but then again, this was not advertised as an advanced course.

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 Shady N S T

Nov 26, 2018

People with Statistics background will enjoy this course and the whole specialization as well.

von Atis R

Feb 11, 2019

It was a very good Excel and statistics refersher course for me.

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 Priyanka P

Aug 08, 2018

Questions of the last week are very tricky. Would appreciate if you could provide the answers with an explanation , it would help us to understand better.

von 陳學穎

Jun 16, 2018

Nice course,it's not too difficult but so essential for entry-level learner to get in.

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 Hatem A

Dec 13, 2019

Excellent Course that simplifies the explanation of statistical concepts such as probability distribution for continuous and discrete variables and their business applications in the real world. The course is very well designed, well explained, and avoids theoretical details to the benefit of the focus on the statistical business application. Excel is a spreadsheeting tool that is readily available in (almost) all business environments and many people can leverage their investment on it by learning how to do statistical analysis using it before going to more sophisticated techniques after.

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 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 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.