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Business Statistics and Analysis Course Online

  • This comprehensive course will teach you essential spreadsheet functions, how to measure the performance of a business, develop your proficiency for data modelling, plan better and make predictions about the road ahead.
  • Discover Statistical Fundamentals such as Data Analysis, Probability, Random Variables and Discrete Distributions.
  • Understand basic probability concepts, including how to measure and model uncertainty, use various data distributions, analyse, and inform business decisions.
  • Learn about Continuous & Sampling Distributions, Confidence Intervals and Hypothesis Testing.
  • Get to know the Chi-Square Distribution, F Distribution & One-Way ANOVA, Correlation analysis, and Simple Linear Regression Analysis.
  • On completion of the course, you will be able to make sound judgments, knowing your decisions are based on data and not on assumptions.
  • You will be tested with a final exam, lasting twenty minutes, which you must complete to get your certification.  

Course Content
Business Statistics and Analysis

For a layman, ‘Statistics’ means numerical information expressed in quantitative terms. This information may relate to objects, subjects, activities, phenomena, or regions of space.

  • In this chapter, you will learn about Statistical Problems, Descriptive Statistics, Graphical Methods, Frequency Distributions (Histograms), Other Methods, Numerical methods, Measures of Central Tendency, Measures of Variability, Empirical Rule and Percentiles.
  • In this module you will study Sample Space and Events, Probability of an Event, Equally Likely Outcomes, Conditional Probability and Independence, Laws of Probability, Counting Sample Points, and Random Sampling.
  • This chapter covers Random Variables, Expected Values and Variance, Binomial, Poisson, and Hypergeometric.

This module covers Standard Normal, Normal, Uniform, and Exponential. The continuous recall arises in situations when the population (or possible outcomes) are continuous (or quantitative).

In this chapter, you will learn about the Central Limit Theorem, and the Sampling Distribution of the Sample Mean, the Sample Proportion, the Difference Between Two Sample Means, and the Difference Between Two Sample Proportions.

In this chapter, you will learn to construct and interpret confidence intervals. You will also learn a new distribution, the Student’s-t, and how it is used with these intervals.  Throughout the chapter, it is important to keep in mind that the confidence interval is a random variable. It is the population parameter that is fixed.

Now we are down to the bread-and-butter work of the statistician: developing and testing hypotheses. It is important to put this material in a broader context so that the method by which a hypothesis is formed is understood completely.

The comparison of two independent population means is very common and provides a way to test the hypothesis that the two groups differ from each other.

The chi-square distribution can be used to find relationships between two things, like grocery prices at different stores.

This chapter introduces a new probability density function, the F distribution. This distribution is used for many applications including ANOVA and testing equality across multiple means.

Correlation analysis measures the strength of the arithmetic relationship between two variables. Correlation may be visually represented with a scatter diagram.

In this chapter, you will learn that simple regression analysis defines the mathematical relationship between two variables.

Course Curriculum

Business Statistics and Analysis
Module 1: Statistics Fundamentals 00:15:00
Module 2: Data Analysis 00:30:00
Module 3: Probability 00:30:00
Module 4: Random Variables and Discrete Distributions 00:25:00
Module 5: Continuous Distributions 00:15:00
Module 6: Sampling Distributions 00:15:00
Module 7: Confidence Interval 00:35:00
Module 8: Hypothesis Testing with One Sample 00:25:00
Module 9: Hypothesis Testing with Two Samples 00:15:00
Module 10: The Chi-Square Distribution 00:25:00
Module 11: F Distribution and One-Way ANOVA 00:25:00
Module 12: Correlation analysis 00:20:00
Module 13: Simple Linear Regression Analysis 00:20:00

Course Reviews

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