This course provides an analytical framework to help you evaluate key problems in a structured fashion and will equip you with tools to better manage the uncertainties that pervade and complicate business processes. Specifically, you will learn how to summarize data and learn concepts of frequency, normal distribution, statistical studies, sampling, and confidence intervals.
Exploring and Producing Data for Business Decision Making
This course is part of Managerial Economics and Business Analysis Specialization
Instructor: Fataneh Taghaboni-Dutta, Ph.D., PMP, CSM, CSPO
Sponsored by Syrian Youth Assembly
44,397 already enrolled
(1,013 reviews)
What you'll learn
Summarize large data sets in graphical, tabular, and numerical forms.
Understand the significance of proper sampling and why you can rely on sample information.
Use sample information to infer about the population with a certain level of confidence about the accuracy of the estimations.
Use Excel for statistical analysis.
Skills you'll gain
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There are 5 modules in this course
You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.
What's included
3 videos7 readings1 assignment1 discussion prompt
Data is all around you, but what is the data telling you? The first step in making better decisions and taking action is to get a good understanding of information you have gathered. In this module we will learn about some of the tools in statistics that help us achieve this.
What's included
11 videos2 readings6 assignments
We all have heard the phrase that a "picture is worth a thousand words," but you certainly don’t want one of those to be "what exactly am I looking at?" So, now that you know to use "pictures" to summarize your data, let’s make those pictures easier to understand.
What's included
16 videos2 readings7 assignments
You are charged with analyzing a market segment for your company. You and your team have figured out what variables you need to understand; you also have an idea what factors might be influencing these variables of interest. Now you are ready to do your analysis. But, wait! Where is the data? How do you begin to get the data? In this module we will review the means by which you can begin to produce data – the concepts of sampling and Central Limit Theorem – and will help you understand how to produce "good" sample data and why sample data will work.
What's included
7 videos2 readings5 assignments1 peer review
You have sample data and have done the analysis – you think you can say something about the population based on your sample study. But, do you have a sense of what are the chances of you being right or wrong? How can you be surer? What else should you have considered? In this module, you will learn how to find the answers to these questions.
What's included
12 videos4 readings5 assignments1 plugin
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Reviewed on Oct 22, 2017
Both courses about statistics are great. A lot of useful information and professor gives very detailed explanations with useful examples.
Reviewed on Jun 1, 2019
Very useful for beginners as well as anyone interested in learning some basics. Highly recommended for managers and people trying to figure out what insights can be obtained form data
Reviewed on Sep 5, 2020
Excellent explanation of Dr.Taghaboni-Dutta helps in understanding the application of statistics to the field of business administration.
Recommended if you're interested in Business
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