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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...



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 .


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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151 - 175 von 272 Bewertungen für Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

von Fairness P

May 15, 2017

Great course. I learned a lot!

von Dr. D P S

Sep 09, 2020

Really it is 5 Starse course.

von Akshay S

Sep 15, 2017

Learned a lot in a brief time

von Ruiqi D

Sep 07, 2018

Excellent course! Thank you!

von Gabriel F H

Aug 21, 2017

Great course and materials!!

von Abid I F

Aug 29, 2020

very friendly for beginners

von Son N

Aug 25, 2020

Thanks. So interesting !!!!

von Bhola P

May 11, 2018

Sharad sir is just amazing.

von David E

May 07, 2020

Excellent course material.

von Pablo J B

May 30, 2020

Detailed and interesting!

von Riky

Mar 25, 2017

Clear and concise, great!

von Hemavathi

Jun 04, 2020

It is a very nice course

von Rais S R

Aug 25, 2020

the course very helpful

von Savinay K S

Jan 01, 2020

Great... I am loving it

von Mustahid H

May 19, 2020

Exercises are awesome.

von Scott S

Sep 07, 2017

Great practical course

von Juan C G S

Apr 10, 2018

It's simply great!

von Benjamìn A G

Feb 03, 2019

All is excellent!

von Mahua M

Feb 03, 2018

very good course.

von Isabel

May 31, 2017

Good explanations

von Xin G

Mar 04, 2017

Useful for excel!


Sep 12, 2020

Nice explanation

von Me

Jun 27, 2020

Very Good Course

von Venkatesan J

Jun 27, 2020

Excellent Course

von Ankita

Jul 19, 2018

Excellent course