Business Statistics Course for the Non-Statistically Minded I

Business Statistics courses in Sydney. Open to the general public.

Learn Business Statistics with Business Statistics courses in Sydney – short courses created for you by the University of Newcastle.

This business statistics course provides a solid foundation for interpreting and presenting data. This business statistics course covers how you can evaluate data and make a robust and objective conclusion. This is an essential skill as data and information is embedded in every aspect of our lives. It is therefore vital that we know how to interpret and deal with it.

This business statistics course is the first step in interpreting and applying statistics in diverse fields including marketing, sales, finance, public and social policy, and a wide range of projects that hinge on utilising data accurately. The course will commence by examining the nature of data and the use of statistics and graphs to summarise this data. Some simple statistical calculations will be demonstrated using Excel. We will then examine data distributions, with particular reference to frequency distributions and the normal distribution. The formulation and testing of hypotheses using statistics is covered and how either surveys or experiments can be utilised for collecting the data needed for testing procedures. The application of probabilities will be explained and some simple models for prediction outlined using regression analysis.

After completion, participants are encouraged to attend, Business Statistics Course for the Non-Statistically Minded II to further build their knowledge and statistical skills.

Learning Outcomes

At the completion of this statistics course you will be able:

  • utilise a basic set of statistical skills for making objective/scientific conclusions when presented with a set of data. Interpret tables and graphs and describe patterns and trends.
  • prepare tables and charts following the exploration of a data set.
  • test hypotheses by applying knowledge of data distributions Collect data using surveys with appropriate sampling procedures Design experiments so that the data collected can be readily analysed
  • apply probability theory to your decision-making
  • make simple predictions by analysing the dependencies within a set of data

Course Content

This statistics course will cover the following topics:

Exploring the characteristics of data

  • Qualitative/categorical (nominal, ordinal).
  • Quantitative/numerical (discrete, continuous).

Descriptive statistics

  • Measures of central tendency (mean, median, mode, percentiles).

Preparing charts

  • Box & Whisker plots, histograms, scatter plots.

Elementary data analysis using Excel

Data distributions

  • Frequency distributions (discrete, continuous).
  • Measures of variability (variance, standard deviation).
  • Measures of shape (skewness).
  • Central Limit Theorem and Normal Distribution.

Hypothesis Testing

  • Assumption of normality – z tests and t tests.
  • No assumption of normality – chi square test.

Surveys and Sampling

  • Random versus non-random sampling.

Experiments and Analysis of Variance

  • ANOVA, The F test and multiple comparisons.

Introduction to Probabilities

  • Application to real-life scenarios.

Correlation and simple regression

  • Using independent variables to predict a dependent variable.

Intended Audience

This business statistics course assumes little or no prior knowledge but can be used to review and refresh information learnt previously. This business statistics course is designed for people who need to interpret simple business statistics in reports and for those who wish to employ some basic statistical analysis in the work they do. This business statistics course focuses on sample data and is suitable for participants from a range of areas including Business & Finance, Commercial, Government, Health and Not-For-Profit. This business statistics course is not suitable for anyone dealing with population data only, those who speciallise in population data may wish to consider a customised program, see Custom training for employers for more information.

Delivery Style

This business statistics course will be delivered as an interactive workshop consisting of a instructor lead tuition, supported by class activities. This training approach allows participants to work through concepts introduced by the instructor in an application-focused teaching environment. This will include the use of Excel for those participants familiar with this software and have it available on their device. Please note that access to Excel is not mandatory for successfully completing this course.

Worked examples will be included in the delivery so that you can practice under the guidance of your instructor. This will assist with immediate application of course concepts in your work or study environment.

Course Prerequisites

This business statistics course has no prerequisites and is open to all members of the public.

Course Features

Available course dates

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