Essential Statistics for Data Analysis

This is a hands-on, project-based course designed to help you learn and apply essential statistics concepts for data analysis & business intelligence. Our goal is to simplify and demystify the world of statistics using familiar tools like Microsoft Excel, and empower everyday people to understand and apply these tools and techniques – even if you have absolutely no background in math or stats!

We’ll start by discussing the role of statistics in business intelligence, the difference between sample and population data, and the importance of using statistical techniques to make smart predictions and data-driven decisions.

Next we’ll explore our data using descriptive statistics and probability distributions, introduce the normal distribution and empirical rule, and learn how to apply the central limit theorem to make inferences about populations of any type.

From there we’ll practice making estimates with confidence intervals, and using hypothesis tests to evaluate assumptions about unknown population parameters. We’ll introduce the basic hypothesis testing framework, then dive into concepts like null and alternative hypotheses, t-scores, p-values, type I vs. type II errors, and more.

Last but not least, we’ll introduce the fundamentals of regression analysis, explore the difference between correlation and causation, and practice using basic linear regression models to make predictions using Excel’s Analysis Toolpak.

Throughout the course, you’ll play the role of a Recruitment Analyst for Maven Business School. Your goal is to use the statistical techniques you’ve learned to explore student data, predict the performance of future classes, and propose changes to help improve graduate outcomes.

You’ll also practice applying your skills to 5 real-world BONUS PROJECTS, and use statistics to explore data from restaurants, medical centers, pharmaceutical companys, safety teams, airlines, and more.

What You’ll Learn In Essential Statistics for Data Analysis?

Why Statistics?

• Discuss the role of statistics in the context of business intelligence and decision-making, and introduce the statistics workflow

Understanding Data with Descriptive Statistics

• Understand data using descriptive statistics, including frequency distributions and measures of central tendency & variability
• PROJECT #1: Maven Pizza Parlor

Modeling Data with Probability Distributions

• Model data with probability distributions, and use the normal distribution to calculate probabilities and make value estimates
• PROJECT #2: Maven Medical Center

The Central Limit Theorem

• Introduce the Central Limit Theorem, which leverages the normal distribution to make inferences on populations with any distribution

Making Estimates with Confidence Intervals

• Make estimates with confidence intervals, which use sample statistics to define a range where an unknown population parameter likely lies
• PROJECT #3: Maven Pharma

Drawing Conclusions with Hypothesis Tests

• Draw conclusions with hypothesis tests, which let you evaluate assumptions about population parameters using sample statistics
• PROJECT #4: Maven Safety Council

Making Predictions with Regression Analysis

• Make predictions with regression analysis, and estimate the values of a dependent variable via its relationship with independent variables
• PROJECT #5: Maven Airlines

Sale Page: Essential Statistics for Data Analysis

When will I receive my course?

You will receive a link to download your course immediately or within 1 to 21 days. It depends on the product you buy, so please read the short description of the product carefully before making a purchase.

How is my course delivered?

We share courses through Google Drive, so once your order is complete, you'll receive an invitation to view the course in your email.

To avoid any delay in delivery, please provide a Google mail and enter your email address correctly in the Checkout Page.

In case you submit a wrong email address, please contact us to resend the course to the correct email.

How do I check status of my order?

Please log in to MMOCourse account then go to Order Page. You will find all your orders includes number, date, status and total price.

If the status is Processing: Your course is being uploaded. Please be patient and wait for us to complete your order. If your order has multiple courses and one of them has not been updated with the download link, the status of the order is also Processing.

If the status is Completed: Your course is ready for immediate download. Click "VIEW" to view details and download the course.

Where can I find my course?

Once your order is complete, a link to download the course will automatically be sent to your email.

You can also get the download link by logging into your mmocourse.hk account then going to Downloads Page.