--- title: Statistics as a Managerial Tool description: Harness statistics for managerial decision-making. Enhance explanation abilities with graphical representations. image: https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Data%20Analytics%20and%20Management.png --- [Home](https://aspire.loyola.edu/?hsLang=en) [Categories](https://aspire.loyola.edu/products?hsLang=en) Data Science and Technology [Statistics as a Managerial Tool](https://aspire.loyola.edu/products/2247089071#) ![product_image](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Data%20Analytics%20and%20Management.png) # Statistics as a Managerial Tool #### $129 Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/df9b2e38-bc24-40c5-b53f-bd945d72aa45/statistics-as-a-managerial-tool?mode=purchase) #### [ Professional Credits: ](https://aspire.loyola.edu/credit_terminology?hsLang=en) CEU: 0.5 HRCI: 5 PDU: 5 SHRM: 5 #### $129 Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/df9b2e38-bc24-40c5-b53f-bd945d72aa45/statistics-as-a-managerial-tool?mode=purchase) ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Completion.png) Completion Time 5 hours ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Access%20time.png) Access Time 90 Days ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Outcome.png) Outcome Individual Skill Course ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Language.png) Language English ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Training%20level.png) 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 #### Additional Information ** This course includes an “Ask the Expert” feature. You can use this feature to submit questions about course content. A subject matter expert will provide guidance or point you to additional resources for the topics you’re studying. Questions are answered as quickly as possible and usually within 24 hours. Learners must achieve an average test score of at least 70% to meet the minimum successful completion requirement and qualify to receive IACET CEUs. #### Requirements ** ##### Technology Requirements Hardware Requirements: This course can be taken on either a PC, Mac, or Chromebook. Software Requirements: Software must be installed and fully operational before the course begins. - PC: Windows 8 or later. - Mac: macOS 10.6 or later. - Browser: The latest version of Google Chrome or Mozilla Firefox are preferred. Microsoft Edge and Safari are also compatible. Cookies and JavaScript must be enabled - The latest Adobe Reader/Acrobat Reader ( free download available at https://get.adobe.com/reader/ ) - Any modern Office suite: Microsoft Office, Apple iWork, OpenOffice, or LibreOffice Other: - Reliable internet connection. Broadband cable or highspeed DSL is recommended for optimal experience. - E-mail account (to be able to register and to receive e-mail from the course system regarding registration, course status, etc.) #### Reviews ** "Interesting course. Wish I would have taken this earlier in my career. Many practical applications." Gary M. "Good course, with helpful reminders about statistics and probability." Sean R. #### Enroll My Team ** Are you looking to enroll your team in this training Course? You Can: ##### Option 1 Click "Add to Cart" and then update the number of seats you'd like to purchase in yout cart. [Add to Cart](https://catalog.mindedge.com/loyola/courses/df9b2e38-bc24-40c5-b53f-bd945d72aa45/statistics-as-a-managerial-tool?mode=purchase) ##### Option 2 Contact us to explore enrollment options, including potential discounts! [Contact Us](https://aspire.loyola.edu/individuals-contact-form?hsLang=en) ### $129 ##### Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/df9b2e38-bc24-40c5-b53f-bd945d72aa45/statistics-as-a-managerial-tool?mode=purchase)