Generate hypothesis for a one-way analysis of variance
Apply Chi-Square Tests and ANOVA in Business Scenarios
Data grouping mechanisms
Understand the fundamentals of statistics
Perform hypothesis testing
Master the foundations of data science, statistics, and machine learning
Calculate correlation and covariance
Types of Probabilities
Determine patterns or motive of the data
Uncover anomalies in data
Chapter 1 - Descriptive Statistics
Statistical Learning vs Machine Learning
Why data types are important
Data summarization techniques
Measures of location, spread, and shape
Visual representation of summarized data
Additional Learning Resources
Chapter 2 - Probability
Introduction to Probability? Probability and Business decisions Deterministic and Probabilistic models 3 types of the probabilistic approach Understanding basic terminologies 1 Measuring outcomes Understanding probability through Venn diagrams Understanding basic terminologies 2 Types of probability Conditional law Laws of probability Probability distributions Binomial distribution Poisson distribution Continuous distributions Uniform distribution Normal distribution t – distribution Choosing an appropriate distribution Summary Additional Learning Resources Chapter Quiz
Chapter 3 - Inferential Statistics
Inferential Statistics Key concepts and vocab Probability & Non-Probability sampling Sampling distribution and CLT theorem Estimating population parameters Confidence levels and Confidence Intervals Hypothesis testing Null and Alternate hypothesis Significance levels 2 methods to test significance Applying significance levels to decision making Chi-square test and their applicability in business scenarios One way ANOVA and their applicability in business scenarios Summary Additional Learning Resources Chapter Quiz
Individuals seeking a career in Data Science, Business Intelligence, or Business Analysts.
Professionals keen to learn Statistics and its applications in the business world.
Beginners looking to build a strong grounding in data understanding.
Industry professionals desirous of mastery of statistical fundamentals.
Common Scenarios to Enroll
Engineer Data-Driven Decision MakingYou no longer want to rely on your gut or heuristics to make decisions, instead want to leverage data-driven insights to plot optimal decisions at work.
Develop Critical ThinkingCritical thinking you believe is a surefire aid in understanding and solving business problems, and you know statistical data goes to the heart of providing such an understanding.
Secure in-demand Professional FutureMarket studies reveal that demand for people who understand numbers and data and can interpret it to generate insights is growing exponentially and you want to be at the forefront of such industry demand.
Statistics provide managers with more confidence in dealing with uncertainty in spite of the flood of available data, enabling managers to more quickly make smarter decisions and provide more stable leadership to staff relying on them.
Institute of Product Leadership is Asia’s First Business School providing accredited degree programs and certification courses exclusively in Product Management and Marketing, Data Science and Technology Management.