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Course Description

In order to use data from a sample group to make judgments about an entire population, you will explore probability in order to move toward the area of inferential statistics in this course. You will identify the role of discrete variables, use them in determining probability, find the expected value, and define variance. Additionally, the normal distribution, often called the bell curve, is a practical model for many business measurements, including financial decision making, process variations, and salaries. In this course you will examine the normal distribution and identify how to determine probabilities and percentiles from each of these distributions.

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

  • Presenting Quantitative Data
  • Descriptive Statistics for Business

Faculty Author

Cindy van Es

Benefits to the Learner

  • Identify the role of discrete variables and how to utilize them in determining probability
  • Determine their population mean, known as expected value
  • Define variance of a discrete variable and calculate it in a practice exercise
  • Examine the normal distribution, including both the standard normal curve and its siblings with differing means and standard deviations
  • Identify how to determine probabilities and percentiles from each of these distributions

Target Audience

  • Entry level to executive professionals looking to uncover insights from data
  • Students who are pre-MBA or considering earning an MBA
  • Individuals interested in moving into an analyst role
  • Individuals seeking to leverage statistical or analytic skills
  • New, emerging, and experienced leaders
  • Consultants
  • Analysts and researchers
  • Entrepreneurs

Accrediting Associations

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
May 29, 2024 to Jun 11, 2024
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
2 week
Dates
Aug 21, 2024 to Sep 03, 2024
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
2 week
Dates
Nov 13, 2024 to Nov 26, 2024
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
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