Chevron Left
Back to Business Applications of Hypothesis Testing and Confidence Interval Estimation

Learner Reviews & Feedback for Business Applications of Hypothesis Testing and Confidence Interval Estimation by Rice University

4.8
stars
1,330 ratings

About the Course

Confidence intervals and Hypothesis tests are very important tools in the Business Statistics toolbox. A mastery over these topics will help enhance your business decision making and allow you to understand and measure the extent of ‘risk’ or ‘uncertainty’ in various business processes. This is the third course in the specialization "Business Statistics and Analysis" and the course advances your knowledge about Business Statistics by introducing you to Confidence Intervals and Hypothesis Testing. We first conceptually understand these tools and their business application. We then introduce various calculations to constructing confidence intervals and to conduct different kinds of Hypothesis Tests. These are done by easy to understand applications. To successfully complete course assignments, students must have access to a Windows version of Microsoft Excel 2010 or later. Please note that earlier versions of Microsoft Excel (2007 and earlier) will not be compatible to some Excel functions covered in this course. WEEK 1 Module 1: Confidence Interval - Introduction In this module you will get to conceptually understand what a confidence interval is and how is its constructed. We will introduce the various building blocks for the confidence interval such as the t-distribution, the t-statistic, the z-statistic and their various excel formulas. We will then use these building blocks to construct confidence intervals. Topics covered include: • Introducing the t-distribution, the T.DIST and T.INV excel functions • Conceptual understanding of a Confidence Interval • The z-statistic and the t-statistic • Constructing a Confidence Interval using z-statistic and t-statistic WEEK 2 Module 2: Confidence Interval - Applications This module presents various business applications of the confidence interval including an application where we use the confidence interval to calculate an appropriate sample size. We also introduce with an application, the confidence interval for a population proportion. Towards the close of module we start introducing the concept of Hypothesis Testing. Topics covered include: • Applications of Confidence Interval • Confidence Interval for a Population Proportion • Sample Size Calculation • Hypothesis Testing, An Introduction WEEK 3 Module 3: Hypothesis Testing This module introduces Hypothesis Testing. You get to understand the logic behind hypothesis tests. The four steps for conducting a hypothesis test are introduced and you get to apply them for hypothesis tests for a population mean as well as population proportion. You will understand the difference between single tail hypothesis tests and two tail hypothesis tests and also the Type I and Type II errors associated with hypothesis tests and ways to reduce such errors. Topics covered include: • The Logic of Hypothesis Testing • The Four Steps for conducting a Hypothesis Test • Single Tail and Two Tail Hypothesis Tests • Guidelines, Formulas and an Application of Hypothesis Test • Hypothesis Test for a Population Proportion • Type I and Type II Errors in a Hypothesis WEEK 4 Module 4: Hypothesis Test - Differences in Mean In this module, you'll apply Hypothesis Tests to test the difference between two different data, such hypothesis tests are called difference in means tests. We will introduce the three kinds of difference in means test and apply them to various business applications. We will also introduce the Excel dialog box to conduct such hypothesis tests. Topics covered include: • Introducing the Difference-In-Means Hypothesis Test • Applications of the Difference-In-Means Hypothesis Test • The Equal & Unequal Variance Assumption and the Paired t-test for difference in means. • Some more applications...

Top reviews

SK

Nov 26, 2020

I am very thankful for taking this course. Thank you for the Dr. teaching this Course. I have learnt a lot new things that I didn't know how to do in Excel, I loved hypothesis Testing !

BK

Oct 3, 2021

I felt this course was organized well and easy to follow with helpful examples and exercises. The instructor paces well and provides good explanations.

Filter by:

51 - 75 of 227 Reviews for Business Applications of Hypothesis Testing and Confidence Interval Estimation

By Phúc T Q

•

Sep 29, 2025

It's quite of difficult to understand at the first time but then the teacher using excel formula then everything goes much easier

By joash d

•

Mar 7, 2021

well explained well articulated, course era you are my heroes, i have been taught with the best during the lessons i just love it

By Amit S

•

Jun 22, 2020

One of the best courses for learning applications of Statistics on the real-world with examples taken from real-world scenarios.

By Gabriel A F G

•

Sep 22, 2020

Muy buen curso, explica de manera concisa los fundamentos de cada método aplicado y luego muestra y explica ejemplos reales.

By Siddharth S

•

Jan 22, 2018

Great course to master inferential statistics. Learnt a lot in this course and will be applying the learnings in the future.

By Oliver W

•

Jan 28, 2018

An incredibly good course. Having studied business statistics years ago I needed a refresher and this was just the ticket.

By Rajat g

•

Jun 26, 2020

Just amazing, thoroughly enjoyed the course, the instructor explains every concept with examples and explains so nicely.

By Lalit G

•

Aug 3, 2019

Amazing course...Learnt lot of beautiful things in Excel and Statistics which was not there anywhere...Good course..

By Ernesto B P

•

Mar 20, 2019

Very nice and easy to follow course. I have had a great experience learning the Hypothesis Testing secrets in Excel.

By EDIRIMUNI C S S D S

•

Oct 14, 2020

Learn how to build Hypothesis building and validaete using excel tools ,Great experience and hands on training

By Alex M

•

Apr 14, 2018

The quizzes for this course are very well-done, quite challenging and certainly very satisfying to get through.

By Kumar N

•

Mar 8, 2020

Ultimate guidance and cource material provided by Rice universitya nd guided by professor Mr. Sharad Bordale.

By SAKSHI C

•

Jul 27, 2017

very well structured curriculum. a must do for anyone looking to understand the basic of hypothesis testing

By Nathan M

•

Jul 16, 2023

This was a bit more of a challenge than expected and I certainly enjoyed it. The concepts are INVALUABLE.

By Matteo G

•

Apr 4, 2020

I enjoyed the multiple case-studies and the clarity with which complex concepts are presented. Well done!

By Manuel A

•

Feb 9, 2021

it was great learning this course. I very pleasure with the professor. Very punctual in his statement

By Ramesh K

•

May 6, 2020

Excellent Course. Super good Course content, Great Professor. Thank you once again, Prof.Shard Borle.

By Aakash G

•

May 10, 2020

It provided me a lot of understanding about the methods that can be used before taking any decision.

By Dibyajyoti D

•

Aug 18, 2020

One of the best courses available on Coursera and also in Business Analysis and Hypothesis Testing.

By Deano M

•

Apr 13, 2020

Very well presented and thought out. The concepts are explained clearly and the exercises are good.

By Jaysing B

•

Jul 21, 2020

Enjoying Every course offered by Sharad Borle sir. In fact having a fun doing this specialization.

By Matthew C

•

Oct 3, 2024

Excellent course for anyone looking to improve their knowledge of statistics while using excel.

By Lucia C B

•

Mar 16, 2021

Excellent course. I have taken 4 of 5 in series, and plan to take 5th one too. Highly recommend

By Sean E B

•

Dec 10, 2017

Good lectures that are easy to follow.

As long as you pay attention you should have no problem.

By Lucas O

•

Jun 28, 2020

One of the best courses I've ever taken. Great practical applications of statistical concepts.