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Course Description

A field in which statistics can play a vital role is quality control. Statistical tools assist in the monitoring and maintenance of product quality. In this course you will explore quality control and how statistical methods are utilized within quality control. You will practice preparation and analysis of charts and determine some additional quality control methods. Additionally, organizations are constantly faced with major strategic decisions. These critical choices are best made using decision analysis tools. Analysis may involve a large number of variables for each item or individual being studied. This type of study, known as multivariate analysis, seeks to shed light on the relationships between all the variables. You will examine several techniques to choose from when undertaking multivariate analysis.

It is recommended to only take this course if you have completed Presenting Quantitative Data, Descriptive Statistics for Business, Making Predictions Using Statistical Probability, Inferential Statistics, Multivariable Comparisons, and Statistical Forecasting or have equivalent experience.

Faculty Author

Cindy van Es

Benefits to the Learner

  • Explore quality control and how statistical methods are utilized within quality control
  • Examine popular tools such as run charts and control charts, as well as the formulas and procedures they require
  • Practice preparation and analysis of charts and determine some additional quality control methods
  • Evaluate one approach used in strategic decision making: decision trees
  • Define how decision trees are constructed and how optimal choices are determined
  • Assess the degree of risk that each choice carries and analyze a decision tree that you have constructed
  • Examine several techniques to choose from when undertaking multivariate analysis
  • Distinguish the techniques that fit each study based on considerations such as qualitative vs. quantitative variables
  • Review analysis guidelines to follow and determine the appropriate technique to use in a practice exercise

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 07, 2020 to Oct 20, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
2 week
Dates
Dec 16, 2020 to Dec 29, 2020
Total Number of Hours
10.0
Course Fee(s)
Standard Price $1,380.00
Type
2 week
Dates
Feb 24, 2021 to Mar 09, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
May 05, 2021 to May 18, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
Jul 14, 2021 to Jul 27, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
Sep 22, 2021 to Oct 05, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
Type
2 week
Dates
Dec 01, 2021 to Dec 14, 2021
Total Number of Hours
10.0
Course Fee(s)
Standard Price $769.00
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