YoVDO

Excel 2007: Business Statistics

Offered By: LinkedIn Learning

Tags

Microsoft Excel Courses Data Analysis Courses Data Visualization Courses Hypothesis Testing Courses Descriptive Statistics Courses Probability Distributions Courses Correlation Courses Covariance Courses

Course Description

Overview

Unlock the power of your organization's data. Learn how to perform data analysis in Microsoft Excel.

Syllabus

Introduction
  • Analyze your data effectively
  • What you should know before starting
1. Foundational Concepts of Data Analysis
  • Calculate mean and median values
  • Measure maximums, minimums, and other data characteristics
  • Analyze data using variance and standard deviation
  • Introduce the central limit theorem
  • Analyze a population using data samples
  • Identify and minimize sources of error
  • Challenge: Summarize and analyze business data
  • Solution: Summarize and analyze business data
2. Visualizing Data
  • Group data using histograms
  • Identify relationships using XY scatter charts
  • Visualize data using logarithmic scales
  • Add trendlines to charts
  • Forecast future results
  • Calculate running averages
  • Challenge: Summarize operational data visually
  • Solution: Summarize operational data visually
3. Testing a Hypothesis
  • Formulate a hypothesis
  • Interpret the results of your analysis
  • Consider the limits of hypothesis testing
  • Challenge: Formulate and test a hypothesis
  • Solution: Formulate and test a hypothesis
4. Utilizing Data Distributions
  • Use the normal distribution
  • Use a uniform distribution
  • Use the exponential distribution
  • Use the Poisson distribution
  • Use the binomial distribution
  • Challenge: Model operational data using distributions
  • Solution: Model operational data using distributions
5. Measuring Covariance and Correlation
  • Visualize what covariance means
  • Calculate covariance between two columns of data
  • Calculate covariance among multiple pairs of columns
  • Visualize what correlation means
  • Calculate the correlation between two columns of data
  • Calculate correlation among multiple pairs of columns
  • Challenge: Calculate correlations between columns of data
  • Solution: Calculate correlations between columns of data
6. Calculating Probabilities, Combinations, and Permutations
  • Calculate simple probabilities
  • Calculate compound probabilities
  • Calculate expected value
  • Calculate permutations without duplication
  • Calculate permutations with duplication
  • Calculate combinations without duplication
  • Calculate combinations with duplication
  • Challenge: Calculate the expected value of a business scenario
  • Solution: Calculate the expected value of a business scenario
7. Performing Bayesian Analysis
  • Introduce Bayesian analysis
  • Analyze a sample problem: Kahneman’s Cabs
  • Create a classification matrix
  • Calculate Bayesian probabilities in Excel
  • Challenge: Perform a Bayesian analysis
  • Solution: Perform a Bayesian analysis
Conclusion
  • Additional resources

Taught by

Curt Frye

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