This course introduces core areas of statistics that will be useful in business and for several MBA modules. It covers a variety of ways to present data, probability, and statistical estimation. You can test your understanding as you progress, while more advanced content is available if you want to push yourself.
Statistics for International Business
Statistics for International Business
This course is part of International Business Essentials Specialization
Instructor: George Kapetanios
15,064 already enrolled
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Gain insight into a topic and learn the fundamentals.
3.7
(300 reviews)
10 hours to complete
3 weeks at 3 hours a week
Flexible schedule
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Assessments
8 assignments
Taught in English
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This course is part of the International Business Essentials Specialization
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There are 4 modules in this course
In our study of statistics, we learn many methods to help us summarize, analyze, and interpret data with the aim of making informed decisions in an uncertain environment. In this first week we introduce tables and graphs that help us get a handle of data. These tools provide visual support for better decision making. With this in mind, we will guide you through the concept of decisions based on incomplete information. Beginning from here, we will introduce you to the concept of population vs. sample, of parameter vs. statistic and of descriptive statistics vs. inferential statistics. We will then go through the concept of describing data, and we will introduce the idea of creating and interpreting graphs to describe categorical and continuous random variables.
What's included
9 videos2 assignments1 peer review
This week we will describe and summarize the information in the data using numerical values or measures that are able to summarise information. This is a crucial extension to the analysis of the previous week. While graphs are informative it is usually crucial for improved understanding of the data at hand to discuss their numerical properties. In this week, we will look at a range of measures, such as measures of central tendency, the range, variance, standard deviation, and so on.
What's included
10 videos2 assignments
Probability theory is a young arrival in mathematics- and probability applied to practice is almost non-existent as a discipline. We should all understand probability, and this lecture will help you to do that. It’s important for you to understand first that the world in which your future occurs is not deterministic- and there are future outcomes where a probability model cannot be developed… This week, we will cover the basic definition of probability, the rules of probability,random variables, -probability density functions, expectations of a random variable and Bivariate random variables.
What's included
18 videos2 assignments
For statistical analysis to work properly, it’s essential to have a proper sample, drawn from a population of items of interest that have measured characteristics. This week, we will cover statistical estimation, sampling distribution of the mean, point estimation, interval estimation, hypothesis testing, the Null hypothesis and look at some real life examples of their use.
What's included
22 videos4 readings2 assignments1 peer review
Instructor
Instructor ratings
3.8 (26 ratings)Offered by
Recommended if you're interested in Finance
University of New Mexico
University of Colorado Boulder
University of Colorado Boulder
University of New Mexico
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3.7
300 reviews
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Showing 3 of 300
GS
4
Reviewed on Nov 15, 2020
Good surface level refresher for general concepts. Helped me realize that I will never pursue statistics as a career.
AR
5
Reviewed on Aug 16, 2017
Very challenging , kind of forgetting my college statistics
LP
5
Reviewed on May 4, 2020
This course challenged me to polish my skills. Efficient teaching.
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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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