0306 Business Statistics

Part of the Business Processes Section of the CEA Curriculum


Business statistics is all about the science of good decision making in the face of uncertainty. It’s a subject that can be applied to virtually every industry and is particularly utilized in understanding financial analysis, audits, production and operations — including services improvement and marketing research.

In this course we’ll take a look at how to interpret and use statistical techniques for a variety of business applications and cover statistical study, descriptive statistics, probability, normal distributions, linear regression and correlation.

Learning Objectives:

After completing this course, you will be able to:

  • Understand how to use decision tree analysis
  • Apply the power of probability to make informed business decisions
  • Apply the statistical decision making process
  • Define the central limit theorem
  • Explain the “magic” of the bell curve
  • Employ the p value to understand test results

Course Curriculum

Part 1
Introduction to Business Statistics FREE 00:06:00
Probability & Chance Part 1 00:05:00
Probability & Chance – Part 2 00:04:00
Part 2
Samples 00:05:00
Statistical Approach 00:06:00
Descriptive Statistics 00:04:00
SEM 00:03:00
The P Value 00:04:00
Kinds of Sampling 00:03:00
Attributes that Affect Sample Size 00:02:00
Data Tools for Collection 00:03:00
Part 3
Data Analysis and Understanding Regression 00:05:00
Linear Programming 00:07:00
Finding the Optimal Solution in Linear Programming 00:03:00

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  • Price Options +
  • 1 year
  • Program Level: Fundamentals/Beginner

    80 minutes | CPE = 1.5 units

    Field of Study: Statistics

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