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Course Description

In a business environment, the main objective of gathering information is to harness it for decision making. By integrating data with statistical and probabilistic principles, you can make decisions that have a higher likelihood of yielding desired outcomes for your team and your organization as a whole.

In this course, you will develop skills in decision analysis. You will construct a decision tree, a process that also aids in determining the extent of effort required to collect information. In processes like these, some calculations may be carried out manually, while others can be streamlined with the use of spreadsheet software. You will be guided through both types of solutions, enabling you to select the right tool for each task in your future projects.

You are required to have completed the following courses or have equivalent experience before taking this course:

  • Data Analysis and Probability

Faculty Author

David Juran

Benefits to the Learner

  • Convert a series of decisions into a decision tree to map out probable outcomes
  • Evaluate the value of information that can be used to make choices in a business scenario
  • Create a decision strategy using the available information

Target Audience

  • Professionals looking to uncover insights from data
  • Students who are pre-MBA or considering earning an MBA
  • Analysts and researchers
  • Individuals interested in moving into an analyst role
  • Anyone seeking to leverage statistical or analytic skills

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
May 15, 2024 to May 28, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note the content in the Applied Statistics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example; JCB571 prior to JCB572, JCB572 prior to JCB573, etc.
Type
2 week
Dates
Oct 30, 2024 to Nov 12, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Section Notes

IMPORTANT COURSE INFORMATION

  • Please note the content in the Applied Statistics course curriculum was developed to be completed in sequential order as course concepts build throughout the program. With this in mind, please be sure you are scheduled to complete or have completed the courses in order. For example; JCB571 prior to JCB572, JCB572 prior to JCB573, etc.
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