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學生對 莱斯大学 提供的 Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions 的評價和反饋

1,966 個評分
330 條評論


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...



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 .


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.


276 - Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions 的 300 個評論(共 326 個)

創建者 MO H


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

創建者 Santiago R R


Excellent course, would really be 5 stars if the feedback on the assignments was a bit more helpful

創建者 Ashis G


The interactive design of the course is instrumental in motivating the learners greatly.

創建者 Tim L


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

創建者 EV B


Clear explanations of concepts I haven't studied in any detail previously

創建者 Daniel L


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

創建者 Samuel G


Good course but the quizzes could use better feedback on wrong answers.

創建者 shashank j


Course is good .It gives you business applications of all the concepts

創建者 Darryl F


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

創建者 adriana P


It was a clear explanation to the statistical, and the examples are

創建者 Hesham M H S


it is interesting, but with more examples it would add more value.

創建者 Michelle G


Topics covered well. Good basic understanding of topics covered.

創建者 Dhiraj J


The course was really good and was a good learning experience

創建者 Catherine S


A bit slow but well explained which make it somewhat easy.

創建者 David A


that was a lot harder than course 1 and really tests you.

創建者 Harsha M


Very nice course, helped to clear my basic understanding.

創建者 Patrick W


Useful refresher for business context of statistics

創建者 Renier B


Good course, learned some really new applications.

創建者 Kim K


Rigorous and rewarding when you put the work in.

創建者 Surapa K


short, concise, informative and practical

創建者 Beāta K


The feedback from lecturers is missing.



need more practice sums with each video

創建者 Jeonghwan J


good to understand and explaination



It was a very informative course.

創建者 Alfonso C R


Excelente course, I recommend it.