Basics of Business Statistics (College Level)

Learn fundamentals of Statistics through series of courses
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  • Lectures 28
  • Contents Video: 2 hours
    Other: 8 mins
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
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    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 1/2015 English

Course Description

Welcome to this course Business Statistics.

Statistics are an important tool for running a business effectively. Managers, especially CFOs are required to take decisions based on data collected over time. This data is useless unless it is analyzed and interpreted; Statistics enables the business managers to analyze the data and arrive at meaningful conclusions.

Statistical analysis allows businesses to deal with the uncertainties of the business. It allows managers to make sound judgments, knowing their decisions are based on data and not on assumptions.

Statistics is not only applied in the field of Management, Commerce, Economics, Social Sciences, Mathematics and so on, but also in our life like Public Services, Defence, Banking, Insurance, Tourism, Hospitality, Police, etc.

Statistics plays a very vital role in enriching a specific domain by collecting data in that field, analysing the data by applying various statistical techniques and finally making statistical inferences about the domain.

Gone are the days, when the managers used to make decisions on the basis of hunch, intuition, trial and error. Now a days business environment is highly complex and most of the decision making process rely on quantitative techniques which are nothing but combination of statistical methods.

Accountants and Finance Managers will be making use of data on previous sales, raw materials, wages and salaries, products of identical nature of other factories, etc for analysing them to maximise the profits. So they would be using some statistical methods to maximise their profits.

By taking this course, you will understand:

a) What is Statistics?

b) Relationship of Statistics with Economics, Business Management and Commerce & Industry.

c) How to collect data? (covering Interview Method, Mailed Questionnarie Method, Observation Method and Questionnaries filled in by Enumerators)

d) How to present data? (covering Textual Presentation, Tabular Presentation and Diagramatic representation)

e) Frequency Distribution.

Based on students engagement level, second level course will be created which will cover topics like Correlation, Regression, Index Numbers, etc.

This course is presented in self paced learning style.

You will watch video lectures in black board writing and teaching model.

Take this course to understand the basics of Statistics.

What are the requirements?

  • This course starts from basics
  • No Prior knowledge in Statistics is required

What am I going to get from this course?

  • Understand What is Statistics
  • Understand Relationship between Statistics and other disciplines
  • Understand how to collect data
  • Understand how to present data
  • Understand Frequency Distribution

What is the target audience?

  • Accounting Students
  • Finance Students
  • Accountants
  • Finance Managers
  • CA CPT Students
  • CA / CMA / CS / B.Com. / Commerce Graduates

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.

Curriculum

Section 1: Introduction
Introduction
Preview
03:10
History of Statistics
Preview
03:58
Science of Statistics
Preview
03:10
Applications of Statistics
04:22
Limitations of Statistics
02:19
Section 2: Collection of Data
Collection of Data
04:16
Collection of Primary Data
05:11
Sources of Secondary Data
01:33
Section 3: Presentation of Data
Presentation of Data
05:14
Frequency Presentation
01:45
Mode of Presentation of Data
00:46
Textual Presentation of Data
01:57
Tabulation of Data
06:28
Diagrammatic representation of Data
02:32
Line Diagram
05:51
Bar Diagram
05:41
Multiple Line Chart
05:45
Multiple Bar Chart
02:25
Pie Chart
07:00
Section 4: Frequency Distribution
Frequency Distribution
05:23
Example for Frequecy Distribution Table
04:08
Frequency Distribution Tally Method
07:07
Continuous Frequency Distribution
02:28
Technical Terms of Continuous Frequency Distribution
05:47
No of Class Intervals
02:37
Size of Class Interval
01:17
Types of Class Intervals
05:11
Bonus Lecture - Discount Coupon Links for other Courses
8 pages

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Instructor Biography

I am a practicing Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management & Strategic Financial Management for Chartered Accountancy, Cost and Management Accountancy and Company Secretary students in Ernakulam, India. I also hold Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune and Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assistant Vice President - Credit for a period of four years after which i started my Chartered Accountancy Practice. During the stint in State Bank of India, I worked on credit proposals of Mid Corporate Units and gained good experience in Financial Analysis, Risk Assessment, Viability Study, Evaluating business models, Project Finance, Working Capital Management, etc.

I conduct work shops for Entrepreneurs, Chartered Accountancy / Cost and Management Accountancy Students on the topics like Project Finance, Credit Risk Assessment, Entrepreneurship Development, Finance for Non Finance Executives, etc.

I love teaching and i want fundamentals of accounting and finance to reach students and so i am here.

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