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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

2,258 évaluations
382 avis

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.


22 août 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.

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176 - 200 sur 381 Avis pour Basic Data Descriptors, Statistical Distributions, and Application to Business Decisions

par Narges S

17 avr. 2020

The lessons are easy but quizzes are really challenging


1 déc. 2021

I had a good experience by studying this course.....

par Muskan G

13 déc. 2019

Amazing start for basic statistics and probability

par David L C F

24 avr. 2019

Great course. From basic to practical application.

par sanyam b

21 août 2020

very good instructor and problems were very good

par Ashiqur R

21 janv. 2021

Great course to learn the basics of statistics.

par branndon j

13 janv. 2021

This was a tough course. Im glad its

par Ryan M S

10 nov. 2020

VERY CHALLENGING but practical and informative

par Machine L T

17 mai 2022

Pretty clear. The exercices are challenging.

par Shilly R

5 juin 2021

Excellent course to apply in real businesses

par Sanket B

18 mars 2021

Provides a good basic concepts understanding

par Shashwat A

25 juil. 2020

Interesting course with hands-on-experience

par Hamza B

12 déc. 2020

Very nice, i understood a lot thank you.

par Ronald M

28 août 2020

Great! Simple explanations to the topics

par Aline C

21 oct. 2018

well designed and useful, great course !

par Johnson D

21 mars 2018

Good Course, gives a basic introduction

par Ankit p

17 nov. 2021

this good to get knowledge in deep way

par Vincent N

1 sept. 2020

Useful knowledge about the statistics!


27 sept. 2020

Great Course with a Great instructor!

par Jennifer R B

25 mars 2020

The basic college refresher I needed.

par Wellington G S

8 août 2017

Important part of the specialization.

par Song Y

27 déc. 2021


par Sarthik C

28 sept. 2020

I have learend business data anaysis

par Sidhyant K U

12 mai 2020

Well explained and designed course.

par Oladapo O

8 mars 2017

Lessons learned are very impactful.