Business Statistics for Data Analysts

DECIPHER THE LANGUAGE OF DATA BY HARNESSING STATISTICAL COMPETENCIES.

Craft beginner level expertise in analyzing and interpreting data for sound business decision making

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Key Highlights

“This course taught me new ideas, techniques that I can apply to real-world scenarios”

Kavitha

TechM

“A very comprehensive course. I am now more confident in applying statistical techniques in my role as a Data Analyst”

Karmarkar

Wintech Solutions

What will you Learn?

Top skills you will learn

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

Course Curriculum

Statistical Learning vs Machine Learning
Datatypes
Why data types are important
Data Grouping
Data summarization techniques
Measures of location, spread, and shape
Visual representation of summarized data
Summary
Additional Learning Resources
Chapter Quiz

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

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

Ideal For

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

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.

Small Business Chronicles Study, 2019

Business Statistics for Data Analysts

DECIPHER THE LANGUAGE OF DATA BY HARNESSING STATISTICAL COMPETENCIES.

Craft beginner level expertise in analyzing and interpreting data for sound business decision making

Sign In

Key Highlights

Course Length

100% Online

Effort

Learning Access

What will you Learn?

Top skills you will learn

Course Curriculum

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