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## Thanks for Joining & Next Steps

Congratulations on finishing all the activities in this course. Based on the popularity of this course, Bond University is offering a 2-week course that flows on from this subject, which …

## Where do graphs fit into analysis?

Graphs? Why Graphs? Do you think of graphs when you think of data analysis? Maybe you do, but if you don’t then it’s time to start. Often people consider effective …

## The Environment for Analytics

Welcome to our final activity for the course. Here, we want to take a big step back away from learning specific methods and instead look at the environment in which …

## Discrete Random Variables

In this activity, we introduce the idea of discrete random variables. A random variable is simply a variable where the value is uncertain. For example, we may record the number …

## Event Relations

In the last activity, we introduced the idea of simple events. Now, we’ll turn our attention to more complex events and look at how we can calculate probabilities for combinations …

## Probability in Week 2

Welcome to week 2! Last week you saw graphical techniques, descriptive statistics, and heard about ethics in analysis. This week will focus on how we can work with probability. The …

## Ethics in Data Analysis?

Most people don’t think of ethics when they think of data analysis, but it plays an important role. Ethics should be considered in being careful in how you do your …

## Using Excel to Create Graphs

In the last activity, we addressed the ‘what’ and the ‘why’. You now know what some common and useful graphical techniques are and you also know why we use them. …

## Descriptive Statistics

Often, we don’t struggle from a lack of data but instead too much of it. By having too much information, it is difficult to identify important features of the data …

## Coefficient of Variation

To Lease or Not To Lease (Continued) Coefficient of variation is our solution to the scenario when one project has better expected cash flows but worse variance. It provides a …

This video is also used at the end of a longer, more detailed data analytics course taught in the MBA at the Bond Business School, Bond University. It’s actually the …

## Decisions with Discrete Random Variables: Part 1 (with Excel)

To Lease or Not To Lease In this video we started applying what we have learned so far for a real business problem. This is an example, but it isn’t …

## Decisions with Discrete Random Variables: Part 2

To Lease or Not To Lease (Continued) Using the expectation and variance from the last video, we can now make a decision as to which project was better. To do …

## Discrete Random Variables – Expectation (with Excel)

Expectation of a Random Variable In Week 1, we spoke about how we can describe the central location of a variable. This is also important to measure for random variables. …

## Discrete Random Variables – Variance (with Excel) and Shape

Spread for Discrete Random Variables Spread of a random variable is also important to know to understand how different outcomes are likely to be from our expectation. To measure this …