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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.

It is recommended to only take this course if you have completed Presenting Quantitative Data and Descriptive Statistics for Business or have equivalent experience.

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

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in

Type
2 week
Dates
Oct 21, 2020 to Nov 03, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
2 week
Dates
Dec 30, 2020 to Jan 12, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
2 week
Dates
Mar 10, 2021 to Mar 23, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
May 19, 2021 to Jun 01, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
Jul 28, 2021 to Aug 10, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
Oct 06, 2021 to Oct 19, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
Dec 15, 2021 to Dec 28, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
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