Probability and Statistics for Decision Modeling

1.5 Unit

This course will help you unlock the strategic power of analytics that will set you apart in the competitive business landscape. This isn't just a statistics class; it's your launchpad to becoming a truly data-driven leader. Imagine commanding insights as you master the art of summarizing complex data sets, using dynamic graphical techniques (like histograms and pie charts) and precise descriptive statistics (such as mean, median, and standard deviation) to unearth compelling insights that drive smart business changes. You'll master precision forecasting by leveraging industry standard computer software like EXCEL (with its powerful Analysis Toolpak add-in) and JMP to develop robust estimates and confidence intervals for population means and proportions. Beyond the numbers, you'll gain the essential skill of effectively communicating complex statistical analyses, empowering you to articulate your findings with clarity and impact, influencing stakeholders and driving organizational success Prereq: Enrolled in Part-time MBA program, Online MBA program, or Product Management and Leadership Nondegree program.