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          Statistics as a Managerial Tool

          $139

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          Professional Credits:

          CEU: 0.5
          HRCI: 5
          PDU: 5
          SHRM: 5

          $139

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          Completion Time

          5 hours

          Access Time

          90 Days

          Outcome

          Individual Skill Course

          Language

          English

          Training Level

          Intermediate

          Delivery Information:

          Online Asynchronous Self-paced

          Description

          Managing today can require good instincts. However, instinct is not enough to manage the huge amounts of available data and the complex variables of the business world. Statistics can help managers and leaders make sense of these complexities, back-up their assertions, and feel confident about when to take the risks and when to pump the breaks. This intermediate-level training course examines statistics as a managerial tool. It also looks at common graphical representations of data and how these can be effective tools to explain situations and support persuasive arguments for a course of action.

          This Statistics as a Managerial Tool course is offered in collaboration with the trusted learning partner MindEdge.

          Learning Outcomes

          After completing this course, the learner should be able to:
          • Describe how statistics are used in different settings
          • Describe common problems with, and misuse of, statistics
          • Identify criteria for evaluating statistics
          • Explain the key fundamentals of probability and their real-world application
          • Identify the fundamental concepts of descriptive statistics (populations and samples, measures of central tendency, measures of variability, measures of distribution) and their real-world application
          • Select appropriate graphic methods for displaying descriptive statistics
          • Explain the fundamental concepts of inferential statistics and their real-world application
          • Evaluate a scenario in order to determine the appropriate statistic to use
          • Apply fundamental statistics to a real-world situation
          • Evaluate the appropriateness of statistics used
          • Use statistics to identify the most appropriate decision alternative
          • Translate statistical data into a graphical presentation based on a brief case study

          $139

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