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Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study	Video and Text Based

Course Overview

EdX’s course on Statistics for business-I is ideal for the aspirants who want to build a fruitful career in business management and who wish to learn deeply about the concepts of business statistics. It is provided to the students in association with the Indian Institute of Management in Bangalore (IIMB) and the classes are taken by their experienced faculty, Shankar Venkatgiri. This intermediate course in business statistics is the first course in the series of 4-part courses on Business statistics. The course can be switched to a verified account with access to complete benefits like full-time access to the course, certification, and graded assessments.

This short program mainly focuses on giving a detailed Introduction and in-depth study on Business statistics to the students in which it is taught how data is examined from different perspectives and how it's applied to make better business decisions along with key concepts like descriptive statistics, summarizing variables, visualization techniques, numerical data and so on.

The Highlights

Self-paced online programme
Intermediate course on Business & Management
Free audit period for all enrolled learners
Course offered by edX
In association with IIMB
Experienced faculty from IIMB
Shareable and verified certificate upon completion
The course duration of 5 weeks recommended with 2-4 hours of effort per week
A first course in the 4-part series of courses on Business statistics
Provision of financial aid

Programme Offerings

Spreadsheets
Pre Course evaluation
Short video clips
MCQs
Exercises
Caselets
discussions forums
Final Exam

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 11159	yes	IIM Bangalore

The course on Statistics for Business- I, provides a provision of a free audit period for all enrolled students and is charged an additional payment for upgrading the account to avail other benefits.
The students should pay a fee of Rs. 11,159 to upgrade the count and for certification.

Fee category	Amount in Rupees
Base fee	-
Certification fee	Rs. 11,159
Total	Rs. 11,159

Note: The students should upgrade their accounts before the given deadline.

Eligibility Criteria

Work experience

Candidates working as a practising manager or an Entrepreneur who wants to understand business data can opt for this course.

Education

Understanding of college-level algebra and calculus are required for this course. Also, the knowledge of spreadsheets could help you with understanding the materials more easily.

Certification qualifying details

The candidates are awarded the certificate of completion on the course, Statistics for Business- I, after the completion of the course for verified account holders. The students are required to attempt and complete the final exam which requires at least 3 hours. The students can attempt the exam during the entire last week.

What you will learn

Statistical skills

The aspirants after the course completion, could upgrade their skills and enlarge their knowledge in different aspects such as:

To learn how to clean up a dataset.
To summarize the data using single-point measures of dispersion & centrality.
To increase the understanding of joint and marginal probability, conditional probability, and probability.
To learn the usage of spreadsheet software to analyse a dataset.
To study techniques to download the required data from major internet sources.
To raise and answer pertinent business-oriented questions of datasets.
To explore how to classify the variables with scale.
To aggregate the variables with the help of pivot tables.
To understand the applications of Bayes rules to reverse probabilities on a decision tree.
To describe datasets in multiple ways, both visually and numerically.

Who it is for

StatisticianBusiness Development ExecutiveBusiness Intelligence Manager

The following candidates can opt for this course on Statistics for business-I :

Aspirants who wish to have deep knowledge in Business statistics.
Aspirants who are currently students pursuing a college degree, a professional who wants to upgrade their relevant skills, or a job seeker who wants to build a promising career in Statistics.

Admission Details

The online certification course in Statistics for Business- I, follows a hassle-free online registration process.

Candidates can register themselves by following the given simple steps:

Step: 1 - Browse the course website from the URL- https://www.edx.org/course/statistics-for-business-i.

Step: 2 - Create an account or sign up using any social media account from the option ‘Sign up’ on the top right corner of the site.

Step: 3 - Go to the required course after completing the verification of the account through the confirmation link sent to your given mail address.

Step: 4 - Click on the button, Enroll now for successfully enrolling in the course.

Step: 5 - Select the option, Audit the course if you only wish to audit the course without payment. Otherwise, click on ‘Upgrade’ to avail of the complete benefits of the course.

Step: 6 - Choose the suitable payment option and complete the payment.

Step: 7 - After the payment, the complete registration of the course is done.

The Syllabus

Welcome to QM101.1x
Spreadsheet tutorial
The subject of statistics

Summarizing numerical variables by category
Exercise
Summarizing categorical variables
Variables and scales
Exercise

Demographics demo

Dispersion
Exercise
Summary statistics
Exercise
Sources of data: the internet
Preparing data before analysis
Experience with week
Slides used this week

Retail demo
Retail demo old

Skew and kurtosis
Exercise
Summarising grouped data
Exercise
Box plots
Exercise
Percentiles
Exercise
Caselet
The Mythical skew
Experience with the week
Slides used this week

Exercise
Caselet: from placements to admissions
Histograms
Correlation
Slides used this week

Demo
Bayes rule
Exercise 7.2
Slides used this week
Experience with week

The framework of probability
Probability
Conditional probability
Exercises 6.1
Joint and marginal probabilities
Exercise 6.2
Slide used this week
Experience with week

Post-course evaluation
Final exam

Instructors

IIM Bangalore Frequently Asked Questions (FAQ's)

1: What all benefits are unlocked with a verified track account?

With the upgrade to verified account, the students can avail a certification, graded assessments, and unlimited access to the course, apart from the common features offered in the audit session.

2: How does the discussion forums work?

The discussion forums provide a platform for common discussions and queries regarding the course. Students and the course team interact with discussions on selected topics.

3: What happens if a student can meet a submission deadline?

Students have the provision to shift their deadlines with ‘Shift due dates’ choice, in a self-paced course. However, they cannot change exams fixed by an instructor.

4: How are the certificates delivered to the students?

The certificate is given after it is successfully earned. Students can only find the printable copy, not physical copies, by clicking the link to view the certificate in the dashboard.

5: Is there any deadline for applying for financial aid?

The students need to apply for financial assistance for this course before the deadline to upgrade the account to a verified track account which is provided within the course.

6: What are some of the key concepts in the course?

Few key concepts covered in the course for the students are Bayes theorem, decision trees, visualization techniques, numerical data, statistics introduction, probability, descriptive statistics etc.

7: Is there a refund provision?

The students can receive their refund if they unenroll themselves within the refund eligibility duration of 14 days after the start of the course of your purchase.

8: Can the student resume a course after a break?

The provision to resume the course on their own time since it's a self-paced course and it's done by clicking the option of Resume course in the respective course.

9: Is there any availability of video transcripts with the video lessons?

The course provides the students with the availability of video transcripts along with the video lessons in four different languages: English, Spanish, Chinese, and Hindi.

10: Does the final exam need any additional requirements?

The final examination for the course conducted in the final week requires a computer with a webcam option and should devote at least 3 hours for the exam.