Statistics for Business Analytics: Probability

This course is divided into three topics:

• In Topic 1, we talk about the basics of probability – ideas like whether or not events can happen together, whether events can influence each other, and processes for calculating probabilities in simple situations.
• Topic 2 is about conditional probability ; that is, the idea that we can become more certain about particular outcomes when we know the circumstances under which they are occurring.
• In Topic 3, we discuss the "big 5" probability distributions ; powerful tools that can be used to calculate probabilities in a variety of complex situations. These distributions form the "heart" of the course and have practical applications in a wide range of real-life scenarios.