This course is part of the International Business Essentials Specialization

3.8
stars
280 ratings

George Kapetanios

13,212 already enrolled

Offered By

International Business Essentials SpecializationUniversity of London

About this Course

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This course introduces core areas of statistics that will be useful in business and for several MBA modules. It covers a variety of ways to present data, probability, and statistical estimation. You can test your understanding as you progress, while more advanced content is available if you want to push yourself.
This course forms part of a specialisation from the University of London designed to help you develop and build the essential business, academic, and cultural skills necessary to succeed in international business, or in further study. 

If completed successfully, your certificate from this specialisation can also be used as part of the application process for the University of London Global MBA programme, particularly for early career applicants. If you would like more information about the Global MBA, please visit https://mba.london.ac.uk/.

This course is endorsed by CMI

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Course 4 of 6 in the

International Business Essentials Specialization

Approx. 10 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Course 4 of 6 in the

International Business Essentials Specialization

Approx. 10 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

3.52/5 (21 Ratings)

George Kapetanios

Professor of Finance and Econometrics

King's College London

18,212 Learners

2 Courses

Offered by

University of London

The University of London is a federal University which includes 17 world leading Colleges. With extensive experience in distance learning since 1858, University of London has enriched the lives of thousands of students, delivering high quality degrees across the globe. Today, University of London is a global leader in flexible study, offering degree programmes to over 45,000 students in over 190 countries, delivering world-leading research across the world. To find out more about University of London, visit www.london.ac.uk

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Syllabus - What you will learn from this course

Content Rating79%(1,053 ratings)

Week1

Week 1

3 hours to complete

Using Graphs to Describe Data

In our study of statistics, we learn many methods to help us summarize, analyze, and interpret data with the aim of making informed decisions in an uncertain environment. In this first week we introduce tables and graphs that help us get a handle of data. These tools provide visual support for better decision making. With this in mind, we will guide you through the concept of decisions based on incomplete information. Beginning from here, we will introduce you to the concept of population vs. sample, of parameter vs. statistic and of descriptive statistics vs. inferential statistics. We will then go through the concept of describing data, and we will introduce the idea of creating and interpreting graphs to describe categorical and continuous random variables.

3 hours to complete

9 videos (Total 42 min)

9 videos

Welcome to Statistics for International Business1mIntroduction - Using graphs to describe data3m1. Decision Making in an Uncertain Environment3m2. Population and Sample4m3. Parameters and Statistics3m4. Descriptive and Inferential Statistics11m5. Graphs to Describe Numerical Values7m6. Shape of a Distribution2mSummary2m

2 practice exercises

Quiz: Categorical and Numerical Variables30mEnd of Week Quiz30m

Week2

Week 2

2 hours to complete

Using Measures to Describe Data

This week we will describe and summarize the information in the data using numerical values or measures that are able to summarise information. This is a crucial extension to the analysis of the previous week. While graphs are informative it is usually crucial for improved understanding of the data at hand to discuss their numerical properties. In this week, we will look at a range of measures, such as measures of central tendency, the range, variance, standard deviation, and so on.

2 hours to complete

10 videos (Total 55 min)

10 videos

Introduction- Using Measures to Describe Data2m1. Descriptive Statistics- Using Measures to Describe Data3m2. Measures of Central Tendency and Location8m3. Mean, Median, and Mode- Which is Best?3m4. Shape of a Distribution5m5. Measures of Variability12m5.1 Measures of Variability: Examples9m6. Weighted Mean1m7. Measures of Relationships Between Variables4mSummary2m

2 practice exercises

Summative Questions30mEnd of Week Quiz30m

Week3

Week 3

2 hours to complete

Probability and Probability Distributions

Probability theory is a young arrival in mathematics- and probability applied to practice is almost non-existent as a discipline. We should all understand probability, and this lecture will help you to do that. It’s important for you to understand first that the world in which your future occurs is not deterministic- and there are future outcomes where a probability model cannot be developed…

2 hours to complete

18 videos (Total 43 min)

18 videos

Probability and Probability Distributions - An Introduction4m1. Introduction1m2. Random Experiment2m3. Events4m4: Probability1m4.1: The Definition of Probability3m4.2: Probability Rules1m4.3: The Addition Rule of Probabilities2m4.4: Conditional Probability2m4.5: The Multiplication Rule of Probabilities49s5: Random Variables2m5.1: The Probability Distribution Function2m6: Properties of Discrete Random Variables1m6.1: The Variance of a Discrete Random Variable1m7. Continuous Random Variables3m8. The Probability Density Function1m9. The Expectations for Continuous Random Variables3mProbability and Probability Distributions - Summary2m

2 practice exercises

Summative Questions30mEnd of Week Quiz30m

Week4

Week 4

4 hours to complete

Statistical Estimation

4 hours to complete

22 videos (Total 84 min), 4 readings, 3 quizzes

22 videos

Statistical Estimation - An Introduction7m1. Statistical Estimation47s2. Estimator and Estimate1m2.1. Point Estimator and Point Estimate1m2.2. Unbiased2m2.3. Efficiency2m3. Confidence Interval Estimation4m3.1 Confidence Intervals, Part 112m3.1 Confidence Intervals, Part 24m4. Testing Hypothesis2m4.1. Formulation of the Null Hypothesis and the Alternative Hypothesis3m4.2. Test Statistic56s4.2.1. The Decision Rule2m4.2.2. Types of Errors1m4.2.3. Performing the Test and the Decision Rule3m4.2.3.1 Hypothesis Testing: Examples7m5. Regression Model5mStatistical Estimation - Summary3m1. Further on the Linear Regression Model3m2. Deriving the OLS b2m3.The Statistical Properties of the OLS b4m4. Gauss-Marcov Theorem Proof3m

4 readings

Practice exercise10mSolution to practice exercise10mPractice exercise10mSolutions to practice exercise10m

2 practice exercises

End of Week30mEnd of Course Quiz30m

Reviews

3.8

79 reviews

5 stars
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4 stars
17.08%
3 stars
10.32%
2 stars
9.60%
1 star
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TOP REVIEWS FROM STATISTICS FOR INTERNATIONAL BUSINESS

by GESep 27, 2020

cool and educative, i like the way the quiz is set up also

by POJul 17, 2020

The course educational and very Tasking. but it's the end result that matters. Think like a statistical Analyst. Think safe😏😉😁😅

by LPMay 4, 2020

This course challenged me to polish my skills. Efficient teaching.

by AMAug 16, 2017

Very challenging , kind of forgetting my college statistics

View all reviews

About the International Business Essentials Specialization

This specialisation from the University of London is designed to help you develop and build the essential business, academic, and cultural skills necessary to succeed in further study and in international business.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Statistics for International Business

About this Course