Engineering and Business professionals often have access to many sources of data. The best way to way to ensure your data is both valid and reliable is to plan for it ahead of time. Through this class, you will be able to plan for accurate and precise data generation, then use that data for the purpose of estimation and risk reduction related to capital investments.
Data Acquisition, Risk, and Estimation
Data Acquisition, Risk, and Estimation
This course is part of The Data Driven Manager Specialization
Instructor: Wendy Martin
Included with 
Gain insight into a topic and learn the fundamentals.
Intermediate level
Recommended experience
8 hours to complete
3 weeks at 2 hours a week
Flexible schedule
Learn at your own pace
What you'll learn
Create a plan to answer business and engineering questions.
Calculate effect size, power and sample size to reduce risk in decision making.
Distinguish between best- and worst-case scenarios given point and interval estimates.
Skills you'll gain
Details to know
Shareable certificate
Add to your LinkedIn profile
Assessments
7 quizzes
Taught in English
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This course is part of the The Data Driven Manager Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
- Learn new concepts from industry experts
- Gain a foundational understanding of a subject or tool
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There are 5 modules in this course
Upon completion of this module, students will be able to classify types of sampling used for data acquisition, describe sampling error, and construct random number sequences for sampling.
What's included
12 videos1 reading1 quiz2 discussion prompts
Upon completion of this module, students will be able to calculate point and interval estimates using RStudio and ROIStat.
What's included
9 videos1 quiz1 discussion prompt
Upon completion of this module, students will be able to use point and interval estimates to determine best- and worst-case scenarios.
What's included
9 videos2 quizzes1 discussion prompt
Upon completion of this module, students will be able to plan for data acquisition to minimize risk in decision making, including sample size, effect size and power calculations.
What's included
12 videos1 quiz1 discussion prompt
Upon completion of this module, students will be able to use return on investment calculations to determine effect size, sample size and power using RStudio and ROIStat.
What's included
11 videos2 quizzes1 discussion prompt
Instructor
Offered by
Recommended if you're interested in Data Analysis
University of California, Irvine
Corporate Finance Institute
Rice University
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Frequently asked questions
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
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When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
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