When does class start/end?
Class hours may vary, please reach out to contact@ascendientlearning.com if you have any questions.
Introduction to Business Statistics
The Introduction to Business Statistics training course teaches participants how to calculate appropriate statistical measures, apply statistical procedures, and recognize key data pitfalls to...
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$1,667 USD
Duration
2 days
Course Code
BUS-STAT
Available Formats
Classroom
Overview
The Introduction to Business Statistics training course teaches participants how to calculate appropriate statistical measures, apply statistical procedures, and recognize key data pitfalls to effectively communicate analytical conclusions to stakeholders.
Skills Gained
- Choose appropriate measures to use in a given situation and calculate using Excel
- Consider data gathering methods, bias, and error
- Interpret the results and conclusions of statistical analysis
- Recognize key pitfalls be aware of and avoid
- Visualize and communicate the results in a fair, objective, and unbiased manner
Prerequisites
All students should have prior experience working with data visualization and corporate reporting.
Course Details
Software Requirements
- Microsoft Excel
- Internet access
Outline
Introduction
- Overview of using data analysis and statistics for effective decision-making
- Installing the Data Analysis Tool Pack add-in for Excel
Exploring and visualizing data
- Types of variables
- Choosing chart types
- Formatting best practices
Descriptive statistics
- Real-world uses for specific measures and how to visualize
- Samples vs. populations
- Measures of Central Tendency
- Measures of variation and position
- Looking at the shape of the data and the impact of outliers
- Cautions and common pitfalls (e.g. Anscombe’s Quartet)
- Dealing with bad data and ensuring it’s reliable for good decisions
Probability
- Overview
- Applications
- Cautions and fallacies
Inference for a Population
- Sampling
- Methods
- Bias
- Error
- Sampling distribution for the mean
- Central Limit Theorem
- Confidence Intervals
Regression
- Correlation
- Linear Regression
- When to use it
- How to interpret output meaningfully
Conclusion
Schedule
FAQ
Does the course schedule include a Lunchbreak?
Classes typically include a 1-hour lunch break around midday. However, the exact break times and duration can vary depending on the specific class. Your instructor will provide detailed information at the start of the course.
What languages are used to deliver training?
Most courses are conducted in English, unless otherwise specified. Some courses will have the word "FRENCH" marked in red beside the scheduled date(s) indicating the language of instruction.
What does GTR stand for?
GTR stands for Guaranteed to Run; if you see a course with this status, it means this event is confirmed to run. View our GTR page to see our full list of Guaranteed to Run courses.
How do I find an Ascendient Learning training location?
We have training locations across the United States and Canada - View a complete list of classroom training locations.
Which delivery formats are available?
At Ascendient Learning, we offer training that is Instructor-Led, Online, Virtual, and Self-Paced.
Does Ascendient Learning deliver group training?
Yes, we provide training for groups, individuals and private on sites. View our group training page for more information.
What does vendor-authorized training mean?
As a vendor-authorized training partner, we offer a curriculum that our partners have vetted. We use the same course materials and facilitate the same labs as our vendor-delivered training. These courses are considered the gold standard and, as such, are priced accordingly.
Is the training too basic, or will you go deep into technology?
It depends on your requirements, your role in your company, and your depth of knowledge. The good news about many of our learning paths, you can start from the fundamentals to highly specialized training.
How up-to-date are your courses and support materials?
We continuously work with our vendors to evaluate and refresh course material to reflect the latest training courses and best practices.
Are your instructors seasoned trainers who have deep knowledge of the training topic?
Ascendient Learning instructors have an average of 27 years of practical IT experience and have also served as consultants for an average of 15 years. To stay current, instructors spend at least 25 percent of their time learning new, emerging technologies and courses.
Do you provide hands-on training and exercises in an actual lab environment?
Lab access is dependent on the vendor and the type of training you sign up for. However, many of our top vendors will provide lab access to students to test and practice. The course description will specify lab access.
Will you customize the training for our company’s specific needs and goals?
We will work with you to identify training needs and areas of growth. We offer a variety of training methods, such as private group training, on-site of your choice, and virtually. We provide courses and certifications that are aligned with your business goals.
How do I get started with certification?
Getting started on a certification pathway depends on your goals and the vendor you choose to get certified in. Many vendors offer entry-level IT certification to advanced IT certification that can boost your career. To get access to certification vouchers and discounts, please contact info@ascendientlearning.com.
Will I get access to content after I complete a course?
You will get access to the PDF of course books and guides, but access to the recording and slides will depend on the vendor and type of training you receive.
How do I request a W9 for Ascendient Learning?
View our filing status and how to request a W9.
Reviews
The instructor was thorough and they also provided hands-on demonstrations with labs.
The class and material is good. I think some of the software needs to be updated.
I found this course informative. It was easy to follow and provided some good information.
ExitCertified gave a great course on AWS that covered all of the basics in depth with good lab materials.
Course was great and the instructor had an answer for anything that was asked during the course.
