About this course: This course provides an analytical framework to help you evaluate key problems in a structured fashion and will equip you with tools to better manage the uncertainties that pervade and complicate business processes. Specifically, you will be introduced to statistics and how to summarize data and learn concepts of frequency, normal distribution, statistical studies, sampling, and confidence intervals. While you will be introduced to some of the science of what is being taught, the focus will be on applying the methodologies. This will be accomplished through the use of Excel and data sets from many different disciplines, allowing you to see the use of statistics in very diverse settings. The course will focus not only on explaining these concepts, but also understanding the meaning of the results obtained. Upon successful completion of this course, you will be able to: • Summarize large data sets in graphical, tabular, and numerical forms. • Understand the significance of proper sampling and why you can rely on sample information. • Understand why normal distribution can be used in so many settings. • Use sample information to infer about the population with a certain level of confidence about the accuracy of the estimations. • Use Excel for statistical analysis. This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Created by: University of Illinois at Urbana-Champaign

Taught by: Fataneh Taghaboni-Dutta, Clinical Professor of Business Administration
University of Illinois, Urbana-Champaign College of Business Department of Business Administration

Basic Info	Course 5 of 7 in the Managerial Economics and Business Analysis Specialization.
Level	Beginner
Commitment	4 weeks of study, 4-6 hours/week
Language	English
How To Pass	Pass all graded assignments to complete the course.
User Ratings	4.8 stars Average User Rating 4.8See what learners said

Syllabus

WEEK 1

Course Orientation

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course.

2 videos, 6 readings, 1 reading

Module 1: Introduction and Summarizing Data

Data is all around you, but what is the data telling you? The first step in making better decisions and taking action is to get a good understanding of information you have gathered. In this module we will learn about some of the tools in statistics that help ...

11 videos, 2 readings, 5 readings

Graded: Module 1 Quiz

WEEK 2

Module 2: Descriptive Statistics and Probability Distributions

We all have heard the phrase that a "picture is worth a thousand words," but you certainly don’t want one of those to be "what exactly am I looking at?" So, now that you know to use "pictures" to summarize your data, let’s make those pictures easier to underst...

16 videos, 2 readings, 6 readings

Graded: Module 2 Quiz

WEEK 3

Module 3: Sampling and Central Limit Theorem

You are charged with analyzing a market segment for your company. You and your team have figured out what variables you need to understand; you also have an idea what factors might be influencing these variables of interest. Now you are ready to do your analys...

7 videos, 2 readings, 4 readings

Graded: Exploring and Producing Data Peer Review Assignment

Graded: Module 3 Quiz

WEEK 4

Module 4: Inference

You have sample data and have done the analysis – you think you can say something about the population based on your sample study. But, do you have a sense of what are the chances of you being right or wrong? How can you be surer? What else should you have c...

12 videos, 2 readings, 4 readings

Graded: Module 4 Quiz

FAQs

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University of Illinois at Urbana-Champaign

The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.

Pricing

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Access to course materials	Available	Available
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Ratings and Reviews

Rated 4.8 out of 5 of 99 ratings

Thanks!

Great course content and teaching. I highly recommend.

Well done!

I gained useful insight on data analysis from this course that directly applies to work that I am doing on assessing the accuracy of a new measurement method.

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Exploring and Producing Data for Business Decision Making

Exploring and Producing Data for Business Decision Making

Exploring and Producing Data for Business Decision Making