Basics of Business Statistics (College Level)
3.5 (9 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,313 students enrolled
Wishlisted Wishlist

Please confirm that you want to add Basics of Business Statistics (College Level) to your Wishlist.

Add to Wishlist

Basics of Business Statistics (College Level)

Learn fundamentals of Statistics through series of courses
3.5 (9 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
2,313 students enrolled
Last updated 5/2017
Current price: $10 Original price: $20 Discount: 50% off
30-Day Money-Back Guarantee
  • 2 hours on-demand video
  • 1 Supplemental Resource
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Understand What is Statistics
  • Understand Relationship between Statistics and other disciplines
  • Understand how to collect data
  • Understand how to present data
  • Understand Frequency Distribution
View Curriculum
  • This course starts from basics
  • No Prior knowledge in Statistics is required

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.

Who is the target audience?
  • Accounting Students
  • Finance Students
  • Accountants
  • Finance Managers
  • CA CPT Students
  • CA / CMA / CS / B.Com. / Commerce Graduates
Curriculum For This Course
28 Lectures
5 Lectures 16:59

Applications of Statistics

Limitations of Statistics
Collection of Data
3 Lectures 11:00
Collection of Data

Collection of Primary Data

Sources of Secondary Data
Presentation of Data
11 Lectures 45:24
Presentation of Data

Frequency Presentation

Mode of Presentation of Data

Textual Presentation of Data

Tabulation of Data

Diagrammatic representation of Data

Line Diagram

Bar Diagram

Multiple Line Chart

Multiple Bar Chart

Pie Chart
Frequency Distribution
9 Lectures 33:58
Frequency Distribution

Example for Frequecy Distribution Table

Frequency Distribution Tally Method

Continuous Frequency Distribution

Technical Terms of Continuous Frequency Distribution

No of Class Intervals

Size of Class Interval

Types of Class Intervals

Bonus Lecture - Discount Coupon Links for other Courses
10 pages
About the Instructor
CA Raja Natarajan, B.Com., PGDBA, FCA
4.1 Average rating
1,031 Reviews
37,244 Students
80 Courses
Chartered Accountant

I am a 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.