Вернуться к Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

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О курсе

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...

Лучшие рецензии

SN

20 авг. 2021 г.

This was a really enjoyable course, but challenging too. I struggled a bit with the final assignment, but nailed it in the end. My statistical knowledge base has indeed been enhanced by this course.

GG

22 авг. 2017 г.

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.

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101–125 из 392 отзывов о курсе Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

автор: Russel Q

30 сент. 2018 г.

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

автор: DIONYSIOS Z

1 авг. 2017 г.

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

автор: Maneet J

6 апр. 2020 г.

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

автор: Paritosh D

16 сент. 2018 г.

an excellent course!

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

thank you!

автор: Lan H D

7 июня 2020 г.

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

автор: Martin O O

6 нояб. 2021 г.

T​he last part of the course on Binomial distribution was more challenging.I managed it after several attempts.

автор: Nazim D

24 мая 2017 г.

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

автор: alexandre v

3 янв. 2021 г.

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

автор: Thomasina B

15 авг. 2020 г.

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

автор: Tim W

26 апр. 2020 г.

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

автор: Taylor N

12 янв. 2019 г.

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

автор: Yeasin A A

14 июня 2020 г.

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

автор: José R H

1 апр. 2019 г.

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

автор: Apurwa S

3 авг. 2022 г.

This course cleared my concepts. The quiz was really challenging yet fun. I learnt a lot in this course.

автор: Husain S

2 янв. 2018 г.

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

автор: Nandhini A

13 мая 2021 г.

Very interesting course and author has explained each concepts in-depth and well understanding manner.

автор: Abhijit S

26 янв. 2020 г.

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

автор: Kirana N

29 авг. 2020 г.

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

автор: Vannessa L

4 нояб. 2020 г.

I thoroughly enjoyed this course. Thank you instructors who made the concepts simple to understand.

автор: Vishal G

8 мая 2020 г.

This course provides a basic and strong foundation for statistical parameters and methods in excel

автор: Klaus G

13 мар. 2019 г.

Very clear explanation of basic statistical concepts with very well designed quizes and exercises.

автор: Nazmus S S

21 дек. 2018 г.

Professor Sharod Borle is a fantastic professor. I learned a lot of new concepts from this course.

автор: Tom B

9 окт. 2017 г.

Great Introduction course. Anybody looking to study statistics should first look at this course.

автор: Frank A

19 июля 2021 г.

Educative, engaging and a good fit for business leaders, MBA students and Finance professionals

автор: Rawson G

7 авг. 2021 г.

liked the way the course was structured and also liked that the pdf of the slides was provided