--- title: Introduction to Business Statistics description: Unlock statistics for effective decision-making. Gain essential techniques and 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 [Introduction to Business Statistics](https://aspire.loyola.edu/products/2247101755#) ![product_image](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Data%20Analytics%20and%20Management.png) # Introduction to Business Statistics #### $105 Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/733fd7c6-3b27-42e7-88ab-727577cab526/introduction-to-business-statistics?mode=purchase) #### [ Professional Credits: ](https://aspire.loyola.edu/credit_terminology?hsLang=en) CEU: 0.4 ATD CI: 4 HRCI: 4 PDU: 4 SHRM: 4 #### $105 Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/733fd7c6-3b27-42e7-88ab-727577cab526/introduction-to-business-statistics?mode=purchase) ![](https://aspire.loyola.edu/hubfs/ASPIRE%20Assets/Icons/Completion.png) Completion Time 4 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 Beginner #### Delivery Information: Online Asynchronous Self-paced #### Description Statistics is the science of collecting, organizing, and analyzing data in order to make more effective decisions. As such, statistics is critical to a successful business. This introductory-level training course is meant for non-financial managers. Understanding statistical techniques can help any manager responsible for marketing, management, accounting, sales, or other business functions. This course will also cover graphical representations of data that your stakeholders may expect when reviewing the results of any statistical analysis. This *Introduction to Business Statistics* course is offered in collaboration with the trusted learning partner MindEdge. #### Learning Outcomes After completing this course, the learner should be able to: - Differentiate between descriptive and inferential statistics - Distinguish between the four different scales of measurement: nominal, ordinal, interval, and ratio - Identify the appropriate graphical or tabular method for presenting your data - Create frequency distributions - Create meaningful presentations and graphs including frequency polygons, bar graphs, pie charts, line graphs, histograms - Calculate probability and explain its practical application - Compute the mode, median, and mean of a dataset - Calculate the variance and standard deviation of a dataset - Interpret sampling with and without replacement - Explain the significance of the area under a curve #### 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.) #### 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/733fd7c6-3b27-42e7-88ab-727577cab526/introduction-to-business-statistics?mode=purchase) ##### Option 2 Contact us to explore enrollment options, including potential discounts! [Contact Us](https://aspire.loyola.edu/individuals-contact-form?hsLang=en) ### $105 ##### Start Today! [Add to cart](https://catalog.mindedge.com/loyola/courses/733fd7c6-3b27-42e7-88ab-727577cab526/introduction-to-business-statistics?mode=purchase)