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.
This course is part of the Business Statistics and Analysis Specialization
About this Course
Skills you will gain
- Statistical Analysis
- Normal Distribution
- Poisson Distribution
Syllabus - What you will learn from this course
Basic Data Descriptors
Descriptive Measures of Association, Probability, and Statistical Distributions
The Normal Distribution
Working with Distributions (Normal, Binomial, Poisson), Population and Sample Data
- 5 stars78.85%
- 4 stars18.07%
- 3 stars2.35%
- 2 stars0.50%
- 1 star0.21%
TOP REVIEWS FROM BASIC DATA DESCRIPTORS, STATISTICAL DISTRIBUTIONS, AND APPLICATION TO BUSINESS DECISIONS
I personally loved it!! Coming from a technical background, it really helped me to understand how we can apply the concepts and techniques to real world/practical problems.
It was a very good course, the concepts were taught very clearly. But it was just surface level idea about each. Looking forward to cementing the concepts in the following courses!
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.
Excellent course for someone who wants to learn statistics. This is a fantastic course for a person that wants to learn real world examples rather bogged down with formulas.
About the Business Statistics and Analysis Specialization
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