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.
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
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.
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.
4 courses from beginner to intermediate level.01 Optional
14 courses from beginner to intermediate level.02 Required
8 courses in advanced and intermediate levels.03 Optional
Submit your BIDA checklist and order your certificate.04 Required
Get access to the Global Corporate Finance Society.05 Optional
Business Intelligence & Data Analyst (BIDA)™ courses are offered 100% online, allowing you the flexibility to start the Business Intelligence & Data Analyst (BIDA)™ program anytime and learn when it’s most convenient for you.
The program is a part of the All Access Subscription, which includes all programs and courses.
CFI courses are designed by instructors with over 21 years of financial analyst training experience.