Data Science

Statistical Methods for Decision Making

4.56 (239 Ratings)


Skill level


Course cost

About this course

All of us in our day-to-day life use numbers in our calculations. Organizations today are inundated with numerical data and information. In business, it is essential for managers to carry out data analysis and be able to interpret their results for effective decision-making. For this, they need to prepare quantitative arguments to justify their decisions. The Statistical Methods for Decision Making (SMDM) course teaches you how to use statistics to help take a real-world problem and apply various techniques to make effective business decisions.

Skills covered

  • check Dispersion
  • check Variation
  • check Correlation
  • check Hypothesis Testing
  • check Probability Distributions
  • check Measures of Central Tendency

Course Syllabus

Statistical Methods for Decision Making

  • play Overview of the Course
  • play Measures of Central Tendency
  • play Measures of Dispersion
  • play Working with R
  • play Basics of Probability
  • play Marginal Probability
  • play Bayes Theorem
  • play Probability Distributions
  • play Poisson Distribution
  • play Normal Distribution
  • play Central Limit Theorem
  • play Hypothesis Testing

Course Certificate

Get Statistical Methods for Decision Making course completion certificate from Great learning which you can share in the Certifications section of your LinkedIn profile, on printed resumes, CVs, or other documents.

GL Academy Sample Certificate
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