This Specialization covers the use of statistical methods in today's business, industrial, and social environments, including several new methods and applications. H.G. Wells foresaw an era when the understanding of basic statistics would be as important for citizenship as the ability to read and write. Modern Statistics for Data-Driven Decision-Making teaches the basics of working with and interpreting data, skills necessary to succeed in Wells’s “new great complex world” that we now inhabit. In this course, learners will develop facility for using software applications for data storage, analysis, and presentation; and will be able to employ Monte Carlo simulations and regression models in working with data. Learn more about the instructors who developed this course. Read the instructor bios and review the learning outcomes for the course.

In this module, we will explore pseudo random number generators, learn about seeds and use a seed to generate reproducible results. We will use R’s d, p, q, and r functions to measure and generate random variates. We will conduct a Monte Carlo simulation of an experiment and analyze results from the hypothesis tests executed in R using simulated data.

In this module, we re-visit the ordinary linear regression model. We also use R to fit a regression model and display and interpret model-fit statistics and coefficient summaries and tests.

In this module, you will use data sets to review and calculate linear and nonlinear models. Be sure to view videos for this module, complete the readings, and any assignments. Begin by reviewing the learning objectives before beginning work in this module.