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Avis et commentaires pour d'étudiants pour Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions par Université de Rice

2,368 évaluations

À propos du cours

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...

Meilleurs avis


20 août 2021

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.


26 août 2020

This is one of the best courses i have atended since, the exercises are all related to the topic.Great job. .

Thanks to Mr Sharad Borle for explaining very well the content in this course .

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151 - 175 sur 400 Avis pour Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

par Ricardo M

2 févr. 2017

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

par Donnette D

18 févr. 2021

Very thorough. Helped me to understand areas I struggled with in high school


19 juil. 2021

Very helpful. Thank you Sharad sir for making the concepts so easy to grab.

par Mohammed T C

16 mai 2020

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

par lalit j

30 oct. 2018

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

par John D I

28 août 2018

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

par Mohammad M

5 nov. 2016

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

par José A G

7 févr. 2018

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

par Erick K

30 juil. 2022


par Baraka L M

5 juil. 2022

The course is explained in a very simple way and the teacher is amazing!

par Dr C S B

9 mai 2020

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

par Patrick W

17 oct. 2020

It wasn't easy for me but I was able to manage through. Learned a lot.

par Shittu I T

14 janv. 2019

Absolutely a powerful and awesome course.

Thank you for this opportunity

par Kofi E

24 nov. 2019

Very good course with well structured course materials and assessments

par Noella B K

27 sept. 2021

This is the best course where the teaching methodology is excellent.

par Maulidya E

9 avr. 2021

This course is so good and I can accept the class' material clearly

par Elsayed k

17 déc. 2019

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

par Chen Z

29 mars 2021

get knowledge on basic business statistics modelling and analysis

par Víctor D B A

17 oct. 2020

Excellent course, the professor explain very well in short videos

par Kumar R

19 juil. 2020

Nice to have the professor explanations with a good presentation.

par Krishna B

11 avr. 2020

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

par Hector M F

12 févr. 2020

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

par Atis R

11 févr. 2019

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

par 张悦

10 janv. 2019

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


3 nov. 2020

The course has application in my day to day business activities