Topic outline

  • COURSE INTRODUCTION

    Collapse all Expand all

    • Time: 40 hours
    • CEUs: 4.0
    • Free Certificate
    This course will introduce you to business statistics: the application of statistics in the workplace. Statistics is how we gather, analyze, and interpret data. If you have taken a statistics course in the past, you may find some of the topics in this course familiar. You can apply statistics to any number of fields, from anthropology to hedge fund management, because many of us interpret data best when it is presented in an organized fashion. 

    Here, we will look at summary statistics, which give an overview of a data set, such as the average score on an exam. However, the average does not always tell the entire story since half of the students could have gotten 100 on the exam and the other half 60. Using statistics, we can learn a lot more about how data is organized. To do that, we will use statistical tools to analyze data, draw conclusions, and make predictions about the future. The course will begin with data distributions, followed by probability analysis, sampling, hypothesis testing, inferential statistics, and regression.