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Introduction to Business Statistics
(Duration: 4:00:00)
Price: $125.00
Course Code:
IHRDC_BEES_FIN0801
Course Catalog(s):
Course Provider:
IHRDC
Subscription Period [?]:
12 months
Description:
This course will introduce you to the importance of statistics in the business world. Statistics is the science of collecting, organizing, and analyzing data in order to make more effective decisions. Understanding statistical techniques can help any manager responsible for marketing, management, accounting, sales, or other business functions.
Sections:
    • Differentiate between descriptive and inferential statistics
    • Distinguish between the 4 different scales of measurement: nominal, ordinal, interval, and ratio
    • Identify the appropriate graphical or tabular method for presenting your data
    • Create frequency distributions
    • Create meaningful presentations and graphs
    • Calculate probability and explain its practical application
    • Compute the mode, median, and mean of a dataset
    • Calculate the variance and standard deviation of a dataset
    • Interpret sampling with and without replacement
    • Explain the significance of the area under a curve
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