Analyze Business Data Using Statistics Foundations
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Analyze Business Data Using Statistics Foundations
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What you'll learn
Analyze business data using probability, statistics, and mathematical methods.
Apply hypothesis testing and statistical distributions to real-world business problems.
Evaluate relationships between variables to support data-driven decisions.
Details to know
January 2026
20 assignments
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There are 5 modules in this course
By completing this course, learners will be able to analyze business data using statistical methods, apply probability models to real-world scenarios, perform hypothesis testing, interpret statistical distributions, and evaluate relationships between variables to support data-driven decision-making.
This course provides a comprehensive foundation in Business Mathematics and Statistics, designed to bridge theory with practical business and analytics applications. Learners progress from understanding data types and sampling methods to mastering probability, distributions, matrix mathematics, and statistical inference. The course emphasizes real-world relevance by connecting statistical concepts with machine learning fundamentals and business decision contexts. Learners benefit by developing the ability to interpret data accurately, manage uncertainty, and justify decisions using statistical evidence—skills highly valued in analytics, finance, operations, and management roles. Step-by-step explanations, structured modules, and applied examples ensure clarity even for learners with minimal mathematical background. What makes this course unique is its integrated approach, combining statistics, probability, mathematical foundations, and applied hypothesis testing within a single learning pathway. The curriculum is industry-aligned, assessment-driven, and optimized for both academic learning and professional upskilling, making it ideal for business students, aspiring analysts, and working professionals.
This module introduces learners to the fundamentals of data collection, sampling techniques, data types, and the role of machine learning in statistical analysis, forming the base for all further statistical reasoning.
What's included
9 videos4 assignments
9 videos•Total 76 minutes
- Sampling Method in Machine Learning•8 minutes
- Technical Terminology•11 minutes
- Error of Observation and Non Observation•7 minutes
- Systematic Sampling•8 minutes
- Cluster Sampling•11 minutes
- Statistics Data Types•5 minutes
- Qualitative Data and Visualization•8 minutes
- Machine Learning•8 minutes
- Relative Frequency Probability•9 minutes
4 assignments•Total 60 minutes
- Graded-Foundations of Data & Sampling•30 minutes
- Introduction to Data & Learning Systems•10 minutes
- Sampling Techniques in Practice•10 minutes
- Understanding and Visualizing Data•10 minutes
This module builds a strong foundation in probability theory, enabling learners to quantify uncertainty and analyze events using probability rules and distributions commonly applied in business decision-making.
What's included
9 videos4 assignments
9 videos•Total 83 minutes
- Joint Probability•10 minutes
- Conditional Probability•9 minutes
- Concept of Independence•7 minutes
- Total Probability•10 minutes
- Random Variable•9 minutes
- Probability Distribution•11 minutes
- Cumulative Probability Distribution•10 minutes
- Bernoulli Distribution•9 minutes
- Gaussian Distribution•8 minutes
4 assignments•Total 60 minutes
- Graded-Probability Essentials for Business Decisions•30 minutes
- Core Probability Concepts•10 minutes
- Advanced Probability Rules•10 minutes
- Distribution Functions Explained•10 minutes
This module connects probability theory with mathematical tools such as distributions, matrix operations, and statistical inference, providing analytical skills essential for data-driven modeling.
What's included
10 videos4 assignments
10 videos•Total 96 minutes
- Geometric Distribution•8 minutes
- Continuous and Normal Distribution•10 minutes
- Mathematical Expression and Computation•9 minutes
- Transpose of Matrix•9 minutes
- Properties of Matrix•12 minutes
- Determinants•10 minutes
- Error Types•9 minutes
- Critical Value Approach•9 minutes
- Right and Left Sided Critical Approach•10 minutes
- P-Value Approach•11 minutes
4 assignments•Total 60 minutes
- Graded-Distributions & Mathematical Foundations•30 minutes
- Discrete & Continuous Distributions•10 minutes
- Matrix Mathematics Basics•10 minutes
- Introduction to Statistical Inference•10 minutes
This module focuses on hypothesis testing techniques, confidence intervals, and distribution analysis, enabling learners to make statistically sound decisions under uncertainty.
What's included
10 videos4 assignments
10 videos•Total 91 minutes
- P-Value Approach Continues•9 minutes
- Hypothesis Testing•11 minutes
- Left Tail Test•6 minutes
- Two Tail Test•10 minutes
- Confidence Interval•9 minutes
- Example of Confidence Interval•11 minutes
- Normal and Non Normal Distribution•10 minutes
- Normality Test•10 minutes
- Normality Test Continues•10 minutes
- Determining the Transformation•6 minutes
4 assignments•Total 60 minutes
- Graded-Hypothesis Testing & Statistical Reasoning•30 minutes
- P-Values and Hypothesis Testing•10 minutes
- Testing Strategies and Confidence•10 minutes
- Distribution Analysis & Normality•10 minutes
This module emphasizes applied statistical testing and relationship analysis, enabling learners to examine associations, validate models, and interpret relationships between variables.
What's included
9 videos4 assignments
9 videos•Total 76 minutes
- T-Test•11 minutes
- T-Test Continue•8 minutes
- More on T-Test•9 minutes
- Test of Independence•11 minutes
- Example of Test of Independence•10 minutes
- Goodness of Fit Test•7 minutes
- Example of Goodness of Fit Test•7 minutes
- Co-Variance•5 minutes
- Co-Variance Continues•8 minutes
4 assignments•Total 60 minutes
- Graded-Statistical Tests & Relationship Analysis•30 minutes
- Mean Comparison Tests•10 minutes
- Association & Model Validation•10 minutes
- Measuring Relationships in Data•10 minutes
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