Description
What you’ll learn
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Understand and differentiate data types in statistics: Gain a comprehensive understanding of various data types and their applications in business statistics.
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Apply measures of central tendency and dispersion: Learn how to calculate and interpret mean, median, mode, standard deviation, and more.
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Perform hypothesis testing and confidence intervals: Master the skills needed to conduct hypothesis tests and calculate confidence intervals using real-world da
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Analyze relationships between variables: Develop the ability to use correlation coefficients, scatter plots, and advanced statistical techniques to identify and
Applied Statistics: Real World Problem Solving is a comprehensive course designed to equip you with the statistical tools and techniques needed to analyze real-world data and make informed decisions. Whether you’re a business analyst, data scientist, or simply looking to enhance your data analysis skills, this course will provide you with a solid foundation in applied statistics.
Key Topics Covered:
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Introduction to Business Statistics: Understand the basics of data types and their relevance in business, along with the differences between quantitative and qualitative data.
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Measures of Central Tendency: Learn about mean, median, and mode, and their importance in summarizing data.
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Measures of Dispersion: Explore standard deviation, mean deviation, and quantile deviation to understand data variability.
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Distributions and the Central Limit Theorem: Dive into different types of distributions and grasp the central limit theorem’s significance.
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Sampling and Z-Scores: Understand the concepts of sampling from a uniform distribution and calculating Z-scores.
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Hypothesis Testing: Learn about p-values, hypothesis testing, t-tests, confidence intervals, and ANOVA.
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Correlation: Study the Pearson correlation coefficient and its advantages and challenges.
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Advanced Statistical Concepts: Differentiate between correlation and causation, and perform in-depth hypothesis testing.
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Data Cleaning and Preprocessing: Master techniques for cleaning and preprocessing data, along with plotting histograms and detecting outliers.
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Statistical Analysis and Visualization: Summarize data with summary statistics, visualize relationships between variables using pair plots, and handle high correlations using heat maps.
What You’ll Gain:
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Practical Skills: Apply statistical techniques to real-world problems, making data-driven decisions in your professional field.
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Advanced Understanding: Develop a deep understanding of statistical concepts, from basic measures of central tendency to advanced hypothesis testing.
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Hands-On Experience: Engage in practical exercises and projects to solidify your knowledge and gain hands-on experience.
Who This Course Is For:
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Business Analysts: Looking to enhance their data analysis skills.
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Data Scientists: Seeking to apply statistical techniques to solve complex problems.
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Students and Professionals: Interested in mastering applied statistics for career advancement.
Prerequisites:
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Basic Understanding of Mathematics: No prior programming experience needed.
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Interest in Data Analysis: A keen interest in learning how to analyze and interpret data effectively.
By the end of this course, you will be equipped with the skills and knowledge to tackle real-world data problems using applied statistics. Enroll now and take the first step towards becoming proficient in statistical analysis!
Who this course is for:
- Business analysts: Professionals looking to enhance their data analysis skills for better decision-making.
- Students and professionals: Those interested in mastering applied statistics for career advancement.
- Researchers: Academics and researchers needing to apply statistical methods to their work for accurate results.
- Data scientists: Individuals seeking to apply statistical techniques to solve complex problems.
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