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.
________________________________________
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...

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.

筛选依据：

创建者 Jaysing B

•Jul 09, 2020

Really enjoyed all the videos. Having awesome learning with this particular course.

创建者 Dr. R S

•Sep 20, 2020

Very Nice Course for Understanding the three Important Probability distributions.

创建者 Akash C

•Apr 16, 2020

A very practical and useful course, delivered in a very simple and neat manner.

创建者 Geet S

•May 03, 2017

Great course! Very informative and all the concepts are very clearly explained!

创建者 Ricardo M

•Feb 02, 2017

The lecturer is well versed in statistics and he explained complex theory in a

创建者 Mohammed T C

•May 16, 2020

Excellent Course with 100% practical based learning. Learned a lot. Thanks

创建者 Lalit J

•Oct 30, 2018

Love the way course was designed and the way example problems were solved.

创建者 John D I

•Aug 28, 2018

Great course and great instructor. Very clear explanations of each topic.

创建者 Mohammad M

•Nov 05, 2016

One of the most practical courses in business analytic I've ever enrolled.

创建者 José A G

•Feb 07, 2018

Excelente curso para aprender los principios básicos del manejo de datos.

创建者 Dr C S B

•May 09, 2020

Nice course planned. And excellent explanation by the course instructor.

创建者 Shittu I

•Jan 14, 2019

Absolutely a powerful and awesome course.

Thank you for this opportunity

创建者 Charles E

•Nov 24, 2019

Very good course with well structured course materials and assessments

创建者 Elsayed k

•Dec 17, 2019

very useful and insightful content, I really liked the instructor.

创建者 Yamala K R

•Jul 19, 2020

Nice to have the professor explanations with a good presentation.

创建者 Krishna B

•Apr 11, 2020

It has been always nice learning under the professor. Thanks Sir.

创建者 Hector M F

•Feb 12, 2020

Very informative course! I learned a great deal about statistics!

创建者 Atis R

•Feb 11, 2019

It was a very good Excel and statistics refersher course for me.

创建者 张悦

•Jan 11, 2019

very helpful if you actually think about all the things learned.

创建者 Jaime M

•Sep 07, 2017

Great course to identify and analyse statistical distributions.

创建者 Shadrack B

•Dec 11, 2016

Absolutely great course. Learnt a lot of useful information.

创建者 Andy L

•Mar 22, 2020

Great 'business relevant' example questions and scenarios

创建者 Kelechi I

•May 23, 2019

Excellent course. Straight to the point. Great professor.

创建者 Pratyush

•Jul 25, 2017

Easy to grasp, good amount of practice, and well taught.

创建者 Yeo S G

•Aug 31, 2020

Learn something new on regression. Thanks to the course

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