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
________________________________________
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 Scott H

•May 08, 2018

I really like Professor Borle,

He speaks very clearly and concisely.....easy to understand even for a non-technical person like me. Five claps for this class.

創建者 Padmaja D

•Apr 19, 2018

A lot of real life examples to understand the concept clearly is extremely valuable. Its an excellent course and I have gained a lot of knowledge form this.

創建者 Priyanka P

•Aug 08, 2018

Questions of the last week are very tricky. Would appreciate if you could provide the answers with an explanation , it would help us to understand better.

創建者 Okulalu A

•Sep 23, 2020

It was an intensive learning process. My mind was opened to new skills .

Thank you to the facilitator, Rice University and coursera for this possibility.

創建者 Orin E

•Oct 18, 2020

The presenter seems passionate about teach and he did a great job of explaining statistical concepts. Gives you a good overview of the topics covered.

創建者 Ravi S

•Jul 29, 2020

The content of the course help me to increase my analytical thinking, I really like the way teacher explains the concept and his presentation style.

創建者 MADHYAM D

•May 10, 2020

This course features key topics which are used in Business Analytics, and predictions using Statistical tools. Mentor's work is really meritorious

創建者 Harshit D

•May 10, 2020

Mr. Sharad explained all the concept in a very student-friendly manner, cleared many concepts which weren't clear earlier. Thanks for the course.

創建者 Vipul J

•Jul 10, 2020

Amazing course! It covers most of the topics related to Statistical Distributions. Nicely structured course with very interesting quizzes.

創建者 Jitka S

•Mar 06, 2020

Excellent course, easy to follow. Clear explanations, practical examples and showing useful Excel functions make the course really great.

創建者 Matthew

•Sep 08, 2020

As it often is for Coursera, it's annoying to not be able to see the answers you missed but otherwise this is a solidly-designed course.

創建者 Gianina J C T

•Aug 19, 2020

This course summarizes the most important things about the most popular Statistical Distributions very well and is very practical.

創建者 HUMEIRA

•May 29, 2020

The course was very well structured and it has simplified the explanations of statistical distributions which were really helpful.

創建者 Abhijeet B

•Apr 14, 2020

The course is very useful in understanding the basic concept of statistics and ways it may be used in different industry domains.

創建者 sutan a m

•Mar 18, 2019

concrete example and direct application. using excel, it should be easy to conduct basic statistical analysis. I learned so much.

創建者 Kartik V

•Dec 30, 2017

Great course, helped refresh statistics and a good refresher on various distributions. Problem application was also very helpful.

創建者 kaila v d r

•Jun 19, 2017

Excellent coaching. I never thought understanding statistics would be easy, but Mr. sharad borle teachings are really impressive.

創建者 Andras F

•Feb 02, 2018

I got exactly what I needed, a good and compact summary on statistical distributions that can be used in a business environment.

創建者 Linglu M

•May 23, 2017

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 Cynthia N

•Aug 15, 2020

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

創建者 Avichit M

•Aug 07, 2017

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

•Sep 04, 2020

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

•Jun 06, 2020

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

•Feb 06, 2018

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 Yash S

•Nov 17, 2019

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

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