Program Overview
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 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.
Career Opportunities
- 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
Program Curriculum
By the end of the course, participants will be able to:
- Understand the role of statistics in management:
- Describe how statistics are used across various business settings
- Recognize common problems and misuse of statistics
- Evaluate and apply statistical methods:
- Identify criteria for evaluating statistical validity
- Apply descriptive statistics (e.g., central tendency, variability, distribution)
- Use inferential statistics to support decision-making
- Use probability and graphical tools:
- Explain key fundamentals of probability and their practical applications
- Select appropriate graphic methods to display data effectively
- Make data-driven decisions:
- Evaluate scenarios to choose the right statistical approach
- Translate statistical data into persuasive graphical presentations
- Use statistics to identify optimal decision alternatives
Admission Requirements
Detailed admission requirements are not specified. Common requirements may include:
- Bachelor's degree or equivalent
- Academic transcripts
- Letters of recommendation
- Statement of purpose
- Language proficiency (e.g., TOEFL, IELTS)
For specific requirements, please contact the university directly.
Tuition & Financial Information
Tuition Fee
$99
๐ Course Overview
- Title: Statistics as a Managerial Tool
- Category: Data Analysis and Statistics
- Duration: 5 hours (access for 90 days)
- Cost: $99
- Level: Intermediate
About Elizabethtown College
Elizabethtown College
Elizabethtown, United States
Elizabethtown College is a distinguished institution of higher education committed to academic excellence, innovative research, and preparing students for leadership in their chosen fields. The...
University ProfileApplication Information
- Application Deadline Vary
- Language English
- Duration Estimated length: 5 hours / Access time: 90 days
- Credits 5 Credit