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
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
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Gain insight into a topic and learn the fundamentals.
4.8
(1,011 reviews)
Beginner level
No prior experience required
Flexible schedule
Approx. 23 hours
Learn at your own pace
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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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Assessments
24 quizzes
Taught in English
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This course is part of the Managerial Economics and Business Analysis Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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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 quiz1 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 quizzes
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 quizzes
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 quizzes1 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 quizzes1 plugin
Instructor
Instructor ratings
4.8 (158 ratings)University of Illinois Urbana-Champaign
7 Courses68,123 learners
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Build toward a degree
This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
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4.8
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Showing 3 of 1011
AM
5
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.
NA
5
Reviewed on May 11, 2020
This was a great course, very well taught. I would recommend to everyone that is eager to learn stats. It gives you real-life examples and it is very well explained.
ET
5
Reviewed on Jun 24, 2020
WELL PACED, VERY WELL DOCUMENTED AND CHALLENGING COURSE.
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