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Probability and Inferential Statistics

Overcome uncertainty when making business decisions by calculating probability and sampling distribution.

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  • Duration

    2 weeks

  • Weekly study

    8 hours
Overview
Requirements

Make predictions easier by calculating probability

In this short course, you will have the chance to explore how probability is constructed and used. You will also have the opportunity to utilise probability models in different case materials to study the variation on observed data so that inferences about the underlying process can be developed.

This course also introduces the sampling distribution and standard error, helping you to learn about the characteristics related to unknown population.

What topics will you cover?

  • Approaches to probability
  • Relative frequency method
  • Types and methods of probability
  • Probability and normal distribution
  • Sampling distribution

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Identify probability approaches and the relationships between probability and relative frequency
  • Describe and compute probability and Bayes’ theorem for conditional outcomes
  • Identify the characteristics of the normal distribution and the standard normal distribution
  • Calculate and construct standard normal distribution
  • Calculate the mean and standard error of a sampling distribution
  • Describe different sampling methods and sampling distribution

Who is the course for?

This course is designed for students and entry-level data analysts who wish to pursue business analyst or data analyst careers.

Please note that the individuals detailed in the ‘Who will you learn with?’ section below, are current staff members and may be subject to change.

Who developed the course?

Coventry University

Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.

  • Established

    1992

  • Location

    Coventry

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control

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