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Introduction to Business Statistics

Course Description:

Statistics is the science of collecting, organizing, and analyzing data in order to make more effective decisions. As such, statistics is critical to a successful business. This introductory-level course is meant for non-financial managers. Understanding statistical techniques can help any manager responsible for marketing, management, accounting, sales, or other business functions. This course will also cover graphical representations of data that your stakeholders may expect when reviewing the results of any statistical analysis.


This program is open enrollment (fully online) and can begin within 2-3 business days of registration.

Registration is ongoing throughout 2021.

Estimated time to complete: 4 hours

Access to this program is 90 days.


Learning Outcomes:

  • Differentiate between descriptive and inferential statistics
  • Distinguish between the four different scales of measurement: nominal, ordinal, interval, and ratio
  • Identify the appropriate graphical or tabular method for presenting your data
  • Create frequency distributions
  • Create meaningful presentations and graphs including frequency polygons, bar graphs, pie charts, line graphs, histograms
  • Calculate probability and explain its practical application
  • Compute the mode, median, and mean of a dataset
  • Calculate the variance and standard deviation of a dataset
  • Interpret sampling with and without replacement
  • Explain the significance of the area under a curve

Key Features:
  • Mobile-friendly
  • Audio-enabled
  • Badge and credit-awarding
  • Real-world case studies
  • Fully accessible
  • Games & Flashcards
  • Expert-supported
  • Video content

Notes:

This course has an "Ask the Expert" feature, which submits your questions directly to an expert in the field you are studying. Questions are answered as quickly as possible and usually within 24 hours.

This course does not require any additional purchases of supplementary materials.

Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs. Learners will have three attempts at all graded assessments.

Instructor : MindEdge
Dates : 12/31/21
Days : Online
From : -
Fee : $ 79.00
Course Number : ME-210


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