Essential Statistics for Data Analysis

Learn powerful statistics tools and techniques for data analysis business intelligenceUnderstand how to apply foundational statistics concepts like the central limit theorem and empirical ruleExplore data with descriptive statistics, including probability distributions and measures of variability central tendencyModel data and make estimates using probability distributions and confidence intervalsMake data-driven decisions and draw conclusions with hypothesis testingUse linear regression models to explore variable relationships and make predictionsThis is a hands-on, project-based course designed to help you learn and apply essential statistics concepts for data analysis business intelligence. Our goal is to simplify and demystify the world of statistics using familiar tools like Microsoft Excel, and empower everyday people to understand and apply these tools and techniques – even if you have absolutely no background in math or stats!We’ll start by discussing the role of statistics in business intelligence, the difference between sample and population data, and the importance of using statistical techniques to make smart predictions and data-driven decisions.Next we’ll explore our data using descriptive statistics and probability distributions, introduce the normal distribution and empirical rule, and learn how to apply the central limit theorem to make inferences about populations of any type.From there we’ll practice making estimates with confidence intervals, and using hypothesis tests to evaluate assumptions about unknown population parameters. We’ll introduce the basic hypothesis testing framework, then dive into concepts like null and alternative hypotheses, t-scores, p-values, type I vs. type II errors, and more.Last but not least, we’ll introduce the fundamentals of regression analysis, explore the difference between correlation and causation, and practice using basic linear regression models to make predictions using Excel’s Analysis Toolpak.Throughout the course, you’ll play the role of a Recruitment Analyst for Maven Business School. Your goal is to use the statistical techniques you’ve learned to explore student data, predict the performance of future classes, and propose changes to help improve graduate outcomes.You’ll also practice applying your skills to 5 real-world BONUS PROJECTS, and use statistics to explore data from restaurants, medical centers, pharmaceutical companys, safety teams, airlines, and more.COURSE OUTLINE:Why Statistics?Discuss the role of statistics in the context of business intelligence and decision-making, and introduce the statistics workflowUnderstanding Data with Descriptive StatisticsUnderstand data using descriptive statistics, including frequency distributions and measures of central tendency variabilityPROJECT #1: Maven Pizza ParlorModeling Data with Probability DistributionsModel data with probability distributions, and use the normal distribution to calculate probabilities and make value estimatesPROJECT #2: Maven Medical CenterThe Central Limit TheoremIntroduce the Central Limit Theorem, which leverages the normal distribution to make inferences on populations with any distributionMaking Estimates with Confidence IntervalsMake estimates with confidence intervals, which use sample statistics to define a range where an unknown population parameter likely liesPROJECT #3: Maven PharmaDrawing Conclusions with Hypothesis TestsDraw conclusions with hypothesis tests, which let you evaluate assumptions about population parameters using sample statisticsPROJECT #4: Maven Safety CouncilMaking Predictions with Regression AnalysisMake predictions with regression analysis, and estimate the values of a dependent variable via its relationship with independent variablesPROJECT #5: Maven AirlinesJoin today and get immediate, lifetime access to the following:7.5 hours of high-quality videoStatistics for Data Analysis PDF ebook (150+ pages)Downloadable Excel project files  solutionsExpert support and QA forum30-day Udemy satisfaction guaranteeIf you’re an analyst, data scientist, business intelligence professional, or anyone looking to use statistics to make smart, data-driven decisions, this course is for you!Happy learning!-Enrique Ruiz (Lead Statistics  Excel Instructor, Maven Analytics)Who this course is for:Aspiring data professionals who want an intuitive, beginner-friendly introduction to the world of statisticsBusiness intelligence professionals who want to make confident, data-driven decisionsAnyone using data to make assumptions, estimates or predictions on the jobStudents looking to learn powerful, practical skills with unique, hands-on projects and demos