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Quick Facts

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

Course Overview

The Introduction to Probability Management certification course offered by edX is a guide for beginners who wish to learn the basics of probability, uncertain numbers, the arithmetic of uncertainty, developing risk models, and the relation between risk and uncertainty.

The Introduction to Probability Management training allows them to create interactive simulations, which can be shared among their team members working on Excel. The candidate will comprehend the flaw of averages, and understand the main reason behind the delay in projects. The Introduction to Probability Management certification benefits aim to focus on performing calculations of uncertain values from which productive results can be obtained. Also, the candidate will learn about Post Traumatic Statistics Disorder (PTSD) using limbic analysis and develop a plan to rectify the uncertainties.

An official certificate duly signed by the instructor will be issued after completion of the Introduction to Probability Management by edX. This certificate provided to the applicants will add a skill to their CV or resume and can be shared in the job application procedure and other platforms like LinkedIn or Upwork. Edx gives two options to enrol in the programme, namely, verified and audit modes. The verified mode provides a certificate of completion and unlimited access whereas the audit mode gives access only for a limited period.

The Highlights

10 weeks course
Free to access
Get a verified certificate by paying a fee
Introductory level
Self-paced course
Demands 1-5 hours in a week
Online program offered by StanfordOnline
Certificate issued by StanfordOnline
Categorized under subject Data Analysis and statistics
Financial assistance up to 90%

Programme Offerings

videos
Readings
Graded Assignments
Discussion form

Courses and Certificate Fees

Fees Informations	Certificate Availability	Certificate Providing Authority
INR 7357	yes	Stanford

The Introduction to Probability Management fees for the course is set as ₹7,357 and the students have to pay the amount for upgradation.
The Introduction to Probability Management fee is not required for registration in the program.

Fee details for the course

Fee Details	Amount
Registration fee	Free
Certification fees	₹7,357

Eligibility Criteria

Certification Qualifying Details

The flaw of averages, SIPmath modeler tool, and hands-on MS Excel is mandatory for obtaining a certificate in the Introduction to Probability Management certification. Further details for obtaining a certificate will be provided only when you upgrade your course, by paying the course fee as defined.

What you will learn

Mathematical skill

The students enrolled, will be well-versed with the mentioned topics after completion of the Introduction to Probability Management program offered by edX.

The candidate will learn about the basics of probability management in the Introduction to Probability Management by training.
The participant will understand flaws of averages, systemic errors, and representation of errors under the Introduction to Probability Management certification syllabus
They will be able to perform data table simulation in Excel during the course
They will learn about what uncertain numbers are
Candidates will be well-versed about how uncertain numbers are related in the Introduction to Probability Management program
Calculating uncertainties in data, and predicting the correct value.
They will learn about risk assessment and provide strategies to overcome risks in the Introduction to Probability Management online course
Candidates will be briefed about Post Traumatic Statistics Disorder (PTSD)
Importance of Hindu/ Arabic numerals and uncertainty lying in these numeric values
Applying formulae for rectifying the errors in projects in the Introduction to Probability Management training.

Who it is for

The program Introduction to Probability Management by edX benefits to the ones-

The students who want to study more about probability can apply for the Introduction to Probability Management program.

Admission Details

Given below are the steps for the registering in Introduction to Probability Management online course:

Step 1) The applicant has to visit the website by clicking on the link:

https://www.edx.org/course/introduction-to-probability-management

Step 2) They need to have an account in edX, prior to enrolling for the course. Follow steps 3 and 4 to create an account via email, or Google, or Facebook (those who already have an account, skip directly to step 5).

Step 3) Fill in the necessary details asked: Name, Public username, Email, Password, and Country or origin of Residence.

Step 4) Click on create an account.

Step 5) After creating an account, the applicant has to sign-in.

Step 6) Now, they have to browse for the course and enroll themselves.

Step 7) After that, the candidate will be redirected to the page, where they will be offered a choice of either pursuing the course free of cost or obtaining a certificate. For obtaining a certificate, click on the option “Upgrade now” and proceed to enter the card details (coupon options are also available).

Step 8) After entering the details, tap on the option “Place order”.

Step 9) On successful payment, the candidate will be upgraded to a verified certificate in the Introduction to Probability Management program

The Syllabus

Post Traumatic Statistics Disorder (PTSD)
The Flaw of Averages
The Arithmetic of Uncertainty
Limbic Analytics: Connecting the Seat of the Intellect to the Seat of the Pants
The Hindu/Arabic Numerals of Uncertainty
The Probability Power Grid
Data Table Simulation in Excel

Risk vs. Uncertainty
Uncertain Numbers
Combinations of Uncertainties
Plans Based on Uncertainties
Interrelated Uncertainties

Nonlinear cost functions
Building a Risk Model
Estimating distributions from forecasts

The permission to be uncertain
Unambiguous Uncertainty
Limbic Analytics

Instructors

Stanford Frequently Asked Questions (FAQ's)

1: What is the time duration of the program?

The Introduction to Probability Management certification course is of 10 weeks and demands 1 to 5 hours of effort in a week. Also, it depends on how much time one invests in completing the course.

2: How can an applicant contact for queries?

The applicant can write a mail to info@edx.org for queries. It is necessary to mention complete details about your Introduction to Probability Management course and the issues you are facing, in order to get your query resolved.

3: Are there any criteria needed to be fulfilled before enrolling for the program?

Candidates are recommended to download SIPmath Modeler Tools for Excel and purchase a book entitled “The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty”, by John Wile and Sons, 1st or 2nd edition (This option is only for those who have purchased the course. Candidates enrolled in the free course, didn’t need to follow this).

4: Is there an option of financial assistance in Introduction to Probability Management certification syllabus?

Those who want to obtain a certificate, and are unable to pay the fee for the Introduction to Probability Management certification course can opt for the financial help provided by the edX. They give a discount of up to 90% on the fee.

5: Is there any software requirement to pursue this course?

Only candidates who are purchasing the course have to download SIPmath Modeler Tools for Excel. Rest opting for the free one only needs to have a good browser installed on their laptops/PC/ mobiles.

6: Is there any deadline for completing the assignments?

The entire Introduction to Probability Management course is of 10 weeks, applicants have to submit the assignments in the provided time period. Candidates, who have missed the deadline can reset their dates accordingly.

7: Is there any expiry date of the certificate issued under this program?

No, there is no expiry date on the certificates issued by StanfordOnline. You will get lifetime access to promote the certificate on various platforms during the Introduction to Probability Management by edX.

8: How can I upgrade my course to get a verified certificate after enrolling for free?

You can upgrade your course by selecting the upgrade option, available under the “My Courses” section in your profile. This is an Introduction to Probability Management certification benefit.

9: Do I have to complete the entire course at once?

This is an online and self-paced course. Candidates can continue the course whenever they wish to. There are options for resetting the time period for those who were unable to complete it on time in the Introduction to Probability Management training.