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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

1,925 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.


151 - Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions 的 175 個評論(共 320 個)

創建者 Yang Y


Learn something new on regression. Thanks to the course

創建者 narges s


The lessons are easy but quizzes are really challenging

創建者 Muskan G


Amazing start for basic statistics and probability

創建者 David L C F


Great course. From basic to practical application.

創建者 sanyam b


very good instructor and problems were very good

創建者 Ashiqur R


Great course to learn the basics of statistics.

創建者 branndon j


This was a tough course. Im glad its

創建者 Ryan S


VERY CHALLENGING but practical and informative

創建者 Shashwat A


Interesting course with hands-on-experience

創建者 Hamza B


Very nice, i understood a lot thank you.

創建者 Ronald M


Great! Simple explanations to the topics

創建者 Aline C


well designed and useful, great course !

創建者 Johnson D


Good Course, gives a basic introduction

創建者 Vincent N


Useful knowledge about the statistics!



Great Course with a Great instructor!

創建者 Jennifer R B


The basic college refresher I needed.

創建者 Wellington S


Important part of the specialization.

創建者 Sarthik C


I have learend business data anaysis

創建者 Sidhyant K U


Well explained and designed course.

創建者 Oladapo O


Lessons learned are very impactful.

創建者 Sean M


Great course Even better Instructor

創建者 Emil R


Great course. Excellent Instructor

創建者 Mayank A


Explained in a very easy language.

創建者 Hamilton C d R


Great introductiont to Statistics.

創建者 Bola M


Great course. Highly informative.