Business Statistics for Entrepreneurs

Embark on an exciting journey into the world of Statistics - a powerful tool that drives decision-making across countless fields.

Year 1
Term 1

Course Overview

This Business Statistics for Entrepreneurs course aims to equip you with the knowledge, practice, and confidence to apply statistical methods for making informed business decisions based on data and facts rather than relying solely on intuition. The course will guide you through summarizing and analyzing data, making inferences relevant to your decisions, and quantifying the risk associated with those decisions given the limitations of data. The goal is to provide you with the knowledge, practice, and the confidence in the use and the application of various statistical methods for business decision making.

What You'll Learn

  • Descriptive statistics
  • Random Variables and Discrete Probability Distributions
  • Continuous Probability Distributions
  • Sampling and Sampling Distributions
  • Statistical Inference
  • Association Between Random Variables and Simple Linear Regression
  • Multiple Linear Regression I
  • Multiple Linear Regression II

Course Content

  • Introduction to Descriptive Statistics

    Understanding data types, measures of central tendency (mean, median, mode), and measures of dispersion (variance, standard deviation, range).

    View Notes

  • Descriptive Statistics Test

    Test your knowledge on calculating and interpreting basic descriptive statistics.

    10 Questions
    Take Test