Full course description
Uncertainty plays a major role in the business world. You may not be able to fully predict the outcome of a decision, but you can use mathematical tools to help you make informed decisions and manage risks. This course will introduce you to the concepts of probability and statistics. You will learn how to calculate probabilities in a variety of situations. You will also explore simple ways to organize and analyze data by learning about different graphical displays and basic statistical terminology.
Learning Outcomes:
Use the properties of sets in real-world situations
Count the number of possible outcomes in a variety of situations, such as the number of permutations and combinations for a set
Calculate the probability of simple events occurring
Calculate probabilities in a variety of situations, including conditional events, dependent events, and independent events
Differentiate between qualitative and quantitative data
Interpret data from graphical displays including histograms, pie charts, and bar charts
Explain the real-world meaning of descriptive statistics, such as measures of central tendency and spread
Explain the real-world meaning of percentiles for a data set
Describe the role outliers play on the distribution of a data set
Credits:
IACET CEUs: 0.6 (Contact Hours: 6 hours)
Estimated time to complete: 6 hours