DESCRIPTION
Business Applications of Hypothesis Testing and Confidence Interval Estimation (Course 3)
Mastering confidence intervals and hypothesis testing provides important tools in the business statistics toolbox. These will enhance your business decision-making by allowing you to understand and measure “risk” or “uncertainty” in business processes.
This is the third course in the Business Statistics and Analysis specialization, and we will first look at these tools in the context of common business needs and applications. We will then introduce various calculations in constructing confidence intervals and conduct different kinds of hypothesis tests through easy-to-understand applications.
Who should attend:
- Data analysts, business analysts, statisticians, or market researchers looking to refresh or upskill in Excel and applied business statistics methods
- Early- or mid-career professionals looking to build business statistics skills like hypothesis testing and statistical significance using Microsoft Excel or Google Sheets (tools easily accessible within business environments)
- High school or college math students interesting in exploring potential career options and practical business scenarios
- Prospective MBA students looking to get prepared before starting Business School
You will be able to:
- Understand what a confidence interval is and how it is constructed
- Apply the confidence interval for a population proportion using Excel
- Understand hypothesis testing and apply the tests for a population mean and population proportion
LECTURE SAMPLES
MEET YOUR RICE PROFESSOR
Sharad Borle
Sharad Borle has been a marketing professor with Rice University since 2003. He received an M.S. and Ph.D. in marketing from Carnegie Mellon University, an MBA from XLRI Institute of Management in India, and a B.Tech in electronics engineering from Banaras Hindu University also in India. Prior to his academic career Professor Borle worked in India in the Department for International Development, Suzuki Motor Corporation and Network Limited.
Explore our related Business Analytics Courses
Basic Data Descriptors, Statistical Distributions and Application to Business Decisions (Course 2)
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Any questions? Please e-mail RiceOnline@rice.edu