返回到 Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

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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.
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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
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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
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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
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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...

EM

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 .

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.

篩選依據：

創建者 Yamala K R

•Jul 19, 2020

Nice to have the professor explanations with a good presentation.

創建者 Krishna B

•Apr 11, 2020

It has been always nice learning under the professor. Thanks Sir.

創建者 Hector M F

•Feb 12, 2020

Very informative course! I learned a great deal about statistics!

創建者 Atis R

•Feb 11, 2019

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

創建者 张悦

•Jan 11, 2019

very helpful if you actually think about all the things learned.

創建者 Jaime M

•Sep 07, 2017

Great course to identify and analyse statistical distributions.

創建者 Shadrack B

•Dec 11, 2016

Absolutely great course. Learnt a lot of useful information.

創建者 Andy L

•Mar 22, 2020

Great 'business relevant' example questions and scenarios

創建者 Kelechi I

•May 23, 2019

Excellent course. Straight to the point. Great professor.

創建者 Pratyush

•Jul 25, 2017

Easy to grasp, good amount of practice, and well taught.

創建者 Yang Y

•Aug 31, 2020

Learn something new on regression. Thanks to the course

創建者 narges s

•Apr 17, 2020

The lessons are easy but quizzes are really challenging

創建者 Muskan G

•Dec 13, 2019

Amazing start for basic statistics and probability

創建者 David L C F

•Apr 24, 2019

Great course. From basic to practical application.

創建者 sanyam b

•Aug 21, 2020

very good instructor and problems were very good

創建者 Shashwat A

•Jul 25, 2020

Interesting course with hands-on-experience

創建者 Ronald M

•Aug 28, 2020

Great! Simple explanations to the topics

創建者 Aline C

•Oct 21, 2018

well designed and useful, great course !

創建者 Johnson D

•Mar 21, 2018

Good Course, gives a basic introduction

創建者 Vincent N G S

•Sep 02, 2020

Useful knowledge about the statistics!

創建者 JAHNAVI Z

•Sep 27, 2020

Great Course with a Great instructor!

創建者 Jennifer R B

•Mar 25, 2020

The basic college refresher I needed.

創建者 Wellington G S

•Aug 08, 2017

Important part of the specialization.

創建者 Sarthik C

•Sep 28, 2020

I have learend business data anaysis

創建者 Sidhyant K U

•May 12, 2020

Well explained and designed course.

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