Statistics & Probability Tools For Optimum Decision Making
Learn how statistics and probability can be used to make informed decisions in everyday life. Detect and prevent common statistical deceptions, use probabilistic tools, and improve decision-making techniques. Ideal for students, professionals, and business leaders.
What you’ll learn
- Learn how statistics is used by various people and organizatons to deceive others
- Learn how to detect and prevent most prevalent statistical deceptions
- Learn how to use various probabilistic tools to make better decisions under uncertianty
- Learn powerful statistics-based decision making techniques to improve productivity
- Make more robust business and personal decisions to succeed in todays information-age
The objective of the course is to take statistics and probability out of textbooks, and show how they should be used to make decisions in day to day life. It has three main sections.
1. Show how to detect common statistical deceptions that are everywhere around us
From media, marketers to businessmen and politicians, everyone use statistics to hide facts or bend it in ways that serve their own selfish purpose. The course shows ten most common broad ways statistics is used to deceive others and how one can detect and overcome those deceptions.
2. Teach how to use simple probability based techniques to make decisions under uncertainty
Most things in our lives are uncertain. To a great extent randomness shape both our personal and professional lives. Yet, most of us are not fully skilled to deal with the risks and uncertainties that determine the course of our lives.
From chances of rain tomorrow, amount of sales & profit from a new business, to performance of the new hire or validity of a cancer screening test, everything is probabilistic.
This course shows how you can use various probabilistic tools to make optimum business and personal decisions in some of the most common and important situations we all face.
3. Teach a set of highly useful decision making techniques that make use of statistics and probability
Over many decades several robust methods and techniques have been developed to deal with uncertain situations. The course teaches you six such strong methods you can use to improve your decision making and productivity.
In summary, this course teaches many useful and practical ways to use statistics and probability to deal with information asymmetry, data overload, randomness and uncertainty in order to make robust personal and business decisions and therefore live up to one’s fullest potential.
From beginners to experienced professionals, everyone can get immensely benefited from the insights and methods taught in this course.
Who this course is for:
- Students, Professionlas, Business Leaders
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