Retour à Business Applications of Hypothesis Testing and Confidence Interval Estimation

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Confidence intervals and Hypothesis tests are very important tools in the Business Statistics toolbox. A mastery over these topics will help enhance your business decision making and allow you to understand and measure the extent of ‘risk’ or ‘uncertainty’ in various business processes.
This is the third course in the specialization "Business Statistics and Analysis" and the course advances your knowledge about Business Statistics by introducing you to Confidence Intervals and Hypothesis Testing. We first conceptually understand these tools and their business application. We then introduce various calculations to constructing confidence intervals and to conduct different kinds of Hypothesis Tests. These are done by easy to understand applications.
To successfully complete course assignments, students must have access to a Windows version of Microsoft Excel 2010 or later. Please note that earlier versions of Microsoft Excel (2007 and earlier) will not be compatible to some Excel functions covered in this course.
WEEK 1
Module 1: Confidence Interval - Introduction
In this module you will get to conceptually understand what a confidence interval is and how is its constructed. We will introduce the various building blocks for the confidence interval such as the t-distribution, the t-statistic, the z-statistic and their various excel formulas. We will then use these building blocks to construct confidence intervals.
Topics covered include:
• Introducing the t-distribution, the T.DIST and T.INV excel functions
• Conceptual understanding of a Confidence Interval
• The z-statistic and the t-statistic
• Constructing a Confidence Interval using z-statistic and t-statistic
WEEK 2
Module 2: Confidence Interval - Applications
This module presents various business applications of the confidence interval including an application where we use the confidence interval to calculate an appropriate sample size. We also introduce with an application, the confidence interval for a population proportion. Towards the close of module we start introducing the concept of Hypothesis Testing.
Topics covered include:
• Applications of Confidence Interval
• Confidence Interval for a Population Proportion
• Sample Size Calculation
• Hypothesis Testing, An Introduction
WEEK 3
Module 3: Hypothesis Testing
This module introduces Hypothesis Testing. You get to understand the logic behind hypothesis tests. The four steps for conducting a hypothesis test are introduced and you get to apply them for hypothesis tests for a population mean as well as population proportion. You will understand the difference between single tail hypothesis tests and two tail hypothesis tests and also the Type I and Type II errors associated with hypothesis tests and ways to reduce such errors.
Topics covered include:
• The Logic of Hypothesis Testing
• The Four Steps for conducting a Hypothesis Test
• Single Tail and Two Tail Hypothesis Tests
• Guidelines, Formulas and an Application of Hypothesis Test
• Hypothesis Test for a Population Proportion
• Type I and Type II Errors in a Hypothesis
WEEK 4
Module 4: Hypothesis Test - Differences in Mean
In this module, you'll apply Hypothesis Tests to test the difference between two different data, such hypothesis tests are called difference in means tests. We will introduce the three kinds of difference in means test and apply them to various business applications. We will also introduce the Excel dialog box to conduct such hypothesis tests.
Topics covered include:
• Introducing the Difference-In-Means Hypothesis Test
• Applications of the Difference-In-Means Hypothesis Test
• The Equal & Unequal Variance Assumption and the Paired t-test for difference in means.
• Some more applications...

Oct 17, 2017

Professor explains well and makes it easy to not only understand, but to remember what you learned in previous lessons even if you are going back after a long period of time between lessons.

Nov 26, 2018

I am from Applied Statistics background, and I used to do these tests by hands. I really have enjoyed doing them on Excel as well. Thanks for this amazing course! :)

Filtrer par :

par Matija H

•Oct 21, 2017

Excellent and educational course for everyone interested in statistical hypothesis testing.

par Andrew A

•Sep 05, 2019

Absolutely excellent learning format with a professor that clearly presents the material.

par jorge l

•Jun 12, 2018

good class, clear and concise. thanks to well organized presentations done by the teacher

par Andrii K

•Apr 29, 2018

Very good course with a lot of applied examples and step by step detailed explanation.

par Mark H

•Apr 23, 2018

Good summary of how to test hypothesis. I look forward to putting this work.

par shwetamehna

•Jun 22, 2019

If you want to learn the basics of hypothesis, then this course is for you.

par Emil R

•Dec 27, 2018

Great course. Excellent Instructor. Absolutely worth the time and effort.

par Arushi S

•Jun 23, 2017

concept was very nicely explained. The excel examples were very helpful

par sutan a m

•Mar 23, 2019

easy to follow! the rule of thumbs helps a lot, and a lot of examples.

par Victoria

•Oct 04, 2018

Concise practical approach to business hypothesis testing in excel.

par Jean-Philippe M

•Aug 06, 2019

Excellent teaching and great course. Enjoyed every bit of it!

par Gregory L

•Nov 22, 2018

Loved the course; great materials, great pace, great practice

par Tim L

•May 27, 2018

This is the class where it really started to get interesting.

par Damilola D

•May 23, 2018

This was a helpful course. I can't wait to apply it at workl

par Manish A

•Apr 17, 2018

A very insightful and detailed course on Hypothesis Testing

par Bhola P

•May 29, 2018

just go for it. This is just amazing. Loved it totally.

par Noro B

•Jun 12, 2017

great course to learn statistics and advacend excel

par abhinav k

•Mar 10, 2017

Very Nice course. Easy to understand and practice.

par Aline C

•Nov 24, 2018

Well designed and usefull. A good investment

par Qianxian W

•Aug 19, 2017

Very clear teaching and rewarding exercises.

par Eric B

•Feb 11, 2017

Very detailed instructions. I learned a lot!

par Nazmus S S

•Jan 07, 2019

Professor is very good. I love this course.

par Songly H

•Oct 29, 2017

Great course, short, concise to the point!

par Prakhar S

•Jun 05, 2017

perfect course to learn hypothesis testing

par Filipe M

•Jul 09, 2019

The sound in the videos should be lauder.