Introduction to Business Statistics
Gain tools for effective decision-making through essential statistical techniques and graphical data representations.
Classes Start Available Anytime
Course Overview
Statistics involves collecting, organizing, and analyzing data to enhance decision-making effectiveness, making it indispensable for business success. Tailored for non-financial managers, this introductory course emphasizes how statistical techniques can benefit managers in various roles such as marketing, management, accounting, and sales. Additionally, the course includes graphical data representations essential for communicating statistical findings to stakeholders.
Course Format
This 4 hour self-paced course offers a dynamic and engaging learning experience, combining interactive elements such as games, flashcards, video content, real-world case studies, and curated readings. Participants have the flexibility to progress at their own pace, while interactive games and quizzes reinforce key concepts and track progress. Flashcards, expert-led videos, real-world case studies, and carefully curated readings deepen knowledge.
Price
$300Course Details
Units 0.4 CEUs / 4 PDUs
Location Online Courses
Course Type Self-Paced
What You’ll Learn
After successful completion of this course, you will be able to:
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Differentiate between descriptive and inferential statistics, distinguish among the measurement scales (nominal, ordinal, interval, ratio), and select appropriate graphical or tabular methods for data presentation. 
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Create frequency distributions and generate meaningful presentations and graphs, including frequency polygons, bar graphs, pie charts, line graphs, histograms, and discuss practical applications of probability calculations. 
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Compute the mode, median, and mean of datasets, calculate variance and standard deviation, and interpret sampling methods including with and without replacement, and explain the significance of the area under a curve. 
