Introductory Probability and Statistics

An Excel Oriented Course

Ratings: 3.64 / 5.00




Description

This is an introductory course in probability and statistics. This course helps to serve as a foundation for higher levels of a statistics course, particularly inferential statistics and research methods course.

This course provides 85 video lectures and it also teaches you how to estimate the probability and do statistical analysis using spreadsheets.

The course is structured into 10 sections:

  1. What is Statistics- Meaning of Statistics in Singular & Plural Sense, Characteristics of Stat, Nature & Scope, Types -Descriptive & Inferential, Distrust and other limitations of Statistics.

  2. Descriptive Statistics- Measures of Central Tendency, Measures of Dispersion and Measures of Shape

  3. Probability- Introduction to Probability, Fundamental Rules of Counting, Events & and Sample Space, Set & Venn Diagram, Approaches to Probability, Addition Rule, Multiplication Rule, The Law of Total Probability, Bayes' Theorem.

  4. Random Variable- Meaning, Discrete Random Variable, Continous Random Variable, Expected Value, Variance, Probability distributions- Binomial, Poisson, Normal Distribution

  5. Sampling Distribution- Population & Sample, Parameters & Statistics, Sampling Distribution of Mean, Types of Sampling, Non-Probability Sampling, Theorems of Sampling Distribution 

  6. Estimation -Estimator & Estimate, Qualities of a good estimator,  Point Estimate, Interval Estimate, the concept of standard error Confidence Interval construction, Sample size determination.

  7. Hypothesis Testing- Introduction, Meaning of Null and Alternate Hypothesis, Two-tail & One-tail Tests, Types of Error, Hypothesis Testing Procedure, Hypothesis Test of a Population Mean: Large and Small Sample, Hypothesis Test of  Population Mean: Two Independent Samples, Hypothesis Test of a Population Mean: Paired t-test, Hypothesis Test of Two Population Variance: F-test.   

  8. ANOVA: One-Way ANOVA, One- Way ANOVA using Excel, Two-Way ANOVA without replication using excel, Two-Way ANOVA with replication using excel, N-Way ANOVA.

  9. Correlation Analysis -Intro to Concept, Scatter Plot, Karl Pearson Coefficient of Correlation, Spearman Rank Order Correlation, Probable Error, Hypothesis Testing of Population Coefficient of Correlation.

  10. Regression Analysis- Introduction to Regression, Regression Line, Assumptions of the Classical Linear Regression Model, OLS Method, Coefficient of Determination (R Square), Standard Error of OLS estimates, Confidence Interval for alpha and beta, Hypothesis testing, Two-Tail, One -Tail, Regression Analysis Solved Example, Forecasting With Regression Model, Regression Estimation Using Excel.

This course will teach you statistics in a real sense and help you to remove your all doubts relating to statistics and probability.

If you want really learn probability and statistics in a simple way, you must enrol for this course.

What You Will Learn!

  • Learn essentials of statistical concepts
  • Learn basic concepts of statistics like mean median mode and standard deviation
  • Learn how to use excel for doing statistical analysis
  • Learn basic concepts of probability
  • Learn various approaches of assinging probability to events
  • Learn revising probability

Who Should Attend!

  • Students who are looking to have foundations in statistics
  • Students who are doing basic courses in statistics
  • Students of business studies
  • Students who are thinking of doing data analysis