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

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

1,694 個評分
280 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...



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.


176 - Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions 的 200 個評論(共 275 個)

創建者 Venkatesan J

Jun 27, 2020

Excellent Course

創建者 Ankita

Jul 19, 2018

Excellent course

創建者 Thunyapat T

Jun 20, 2020

great course!!!


May 26, 2019

Amazing Course!

創建者 William B

May 30, 2017

Amazing course!

創建者 Vipul R G

Jul 05, 2020

Thank you Prof

創建者 Uchenna V O

Apr 14, 2020

Very organised

創建者 Jyothi

Feb 24, 2020

Good Learning!

創建者 Akash P

Oct 14, 2018

Super teaching

創建者 Wendy N

Apr 18, 2018


創建者 Esther K

Aug 13, 2018

Great course!


Nov 29, 2017

Great course!

創建者 Iñigo A

Aug 26, 2020

Very useful.

創建者 Pratyush A

Aug 01, 2020

Good course.

創建者 Jesse M

May 02, 2020

cool teacher

創建者 Gabriel A F G

Sep 20, 2020

Buen curso.

創建者 Muhammad L b Y

Jun 23, 2020


創建者 Chirag S

Apr 02, 2018

Nice course

創建者 enrique a r

Feb 07, 2019


創建者 Gregory R G J

Nov 20, 2018

Thumbs Up!

創建者 Deep S

Aug 29, 2020


創建者 Hari S

Jul 06, 2020


創建者 Dhulipalla U

May 06, 2020


創建者 Anurag T

Jun 26, 2020


創建者 Prof S S G

Jul 31, 2020