Exploring and Producing Data for Business Decision Making

Overview

The Exploring and Producing Data for Business Decision Making course offered by Coursera in partnership with University of Illinois 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 learn 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 different disciplines, allowing you to see the use of statistics in a range of settings. The course will focus not only on explaining these concepts, but also understanding and interpreting 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 one can rely on sample information

•  Understand why normal distribution can be used in a wide range of settings

•  Use sample information to make inferences about the population with a certain level of confidence about the accuracy of the estimations

•  Use Excel for statistical analysis