Statistics Fundamentals

Statistics Fundamentals Course Overview

Statistics Fundamentals introduces the foundational concepts needed to run a statistical test and interpret the results. We will overview the two branches of statistics–descriptive statistics and inferential statistics—and run hypothesis tests on real and simulated data sets using Excel’s Data Analysis ToolPak. We’ll also examine key fundamental concepts like the Central Limit Theorem, Empirical Rule, and Law of Large Numbers.

The topics covered in this course will support you in conducting good analysis, applying data to business decisions, and exploring the more advanced topics within the Business Intelligence and Data Analysis program such as machine algorithms.

Statistics Fundamentals learning objectives

Upon completing this course, you will be able to:

• Define and recognize key descriptive statistics

• Describe and distinguish between the central limit theorem and law of large numbers

• Identify strategies for constructing an unbiased sample

• Assemble and perform a two-tail or one-tail t-test

• Identify an appropriate sample size based on prior data using a power analysis

Statistics Fundamentals is a prep course from CFI’s BIDA™ program

CFI’s upcoming Business Intelligence & Data Analyst (BIDA)™ program will cover all the basic, intermediate, and advanced topics about business intelligence and data analysis. This program will teach you the quantitative methods used in the finance and capital markets industry. It is ideal for students who want to learn how to analyze complex data. Common career paths for students who take the BIDA™ program are Business Intelligence, Asset Management, Data Analyst, Quantitative Analyst, and other finance careers. Students can sign up for updates and reserve a spot in the Business Intelligence & Data Analyst (BIDA)™ Program on the student dashboard.

Who should take this course?

The Statistics Fundamentals course is perfect for anyone without a background in statistics who would like to build up their understanding or for those who just want a refresher. This course is designed to equip anyone who desires to begin a career in data analysis, quantitative analysis, business intelligence, or other areas of business and finance with an understanding of foundational statistics tools and concepts.