Data Science

# Statistical Methods for Decision Making

4.56 (239 Ratings)

Intermediate

Skill level

Free

Course cost

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

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

## Course Syllabus

#### Statistical Methods for Decision Making

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

## Discussion on Statistical Methods for Decision Making

Hello Learner,
We will look into this matter for you and will get back to you as soon as possible.

Dear Devica
Thank you for your response, I checked it again and it shows that I watched all the videos completely. All items have green ticked sign. But, the quiz part still not coming.
What do you recommend me sir.

(post withdrawn by author, will be automatically deleted in 24 hours unless flagged)

Dear Great Learning families

`````` I was enrolled Statistical Methods for Decision Making (SMDM) free course and learned (completed) all the videos including the resources. But, I can't access the following:-

1, LM2: practice assessments &

``````

Therefore, could you please explain why I can’t access these ending parts. I really appreciate you learning method Dr. Thanks.

``   Thanking you in advance!``

I couldn’t agree more. I found this course to be quite useful. Many thanks to Dr. Abhinanda Sarkar. I enjoyed your style of teaching.