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.
Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions
This course is part of Business Statistics and Analysis Specialization
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23 quizzes, 3 assignments
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There are 4 modules in this course
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8 videos8 readings5 quizzes2 assignments
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6 videos5 readings6 quizzes
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5 videos5 readings5 quizzes1 assignment
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7 videos7 readings7 quizzes
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Rice University
Rice University
University of Illinois Urbana-Champaign
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