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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

1,930 個評分
325 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.


76 - Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions 的 100 個評論(共 320 個)

創建者 Linglu M


Not easy to follow, but the professor did such a good job laying out the course and explain quiz questions on discussion board!

創建者 Vincent R


Very clear and concise introduction or review of basic data descriptors and statistical distributions for business decisions

創建者 Rajesh k


This course highly commendable to build skills of business decision making and forecasting through probability statistics.

創建者 Cynthia N


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

創建者 Avichit M


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

創建者 Bhagyesh C


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

創建者 M B


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

創建者 udaya a s


i don't know if any other courses in this section from other sites , cant get simpler and easy to understand like this

創建者 Lucia C B


Second course in this series that I've taken. Requires some time to work through but learned a lot. Highly recommend.

創建者 Yash S


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

創建者 Russel Q


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



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

創建者 Maneet J


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

創建者 Paritosh D


an excellent course!

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

thank you!

創建者 Lan H D


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

創建者 Nazim D


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

創建者 alexandre v


Well designed and easy to understand with examples that theoretical notions easy to apply to the real world

創建者 Thomasina B


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

創建者 Tim W


Enjoyable. Some of the end of week questions were quite tricky and really helped to reinforce the learning.

創建者 Taylor N


While not super-duper comprehensive, I appreciated all the business applications and practice. Good stuff.

創建者 Yeasin A A


Well structured Course overall. but it should have more practice lessons or resources before taking quiz.

創建者 José R H


The course is excellent! It gives you knowledge that you can immediately apply in the real world. Thanks!

創建者 Husain S


Good course. I completed it in while on trial period along with the first course in the specialization.

創建者 Abhijit S


Thanks I got good conceptual clarity regarding normal distribution, binomial and poisson distribution.

創建者 Kirana N


The lessons are well structured and they meet my expectations. Thank you for the knowledge professor.