1-800-THE-TREE (1-800-843-8733)
TRAINING YOU CAN TRUST
 
 

Introduction to Statistics: Making Better Business Decisions

 
Course: 196   Type: Hands-On Training   Duration: 3 Days
 
 

You Will Learn How To

  • Bolster business decisions with proven statistical principles for interpreting and applying data
  • Drive organizational results by administering probability-based tools
  • Validate your data using appropriate statistical measures
  • Leverage survey techniques to effectively evaluate data
  • Prepare for future trend fluctuations through the use of forecasting
  • Account for variability in your data results

Course Benefits

In today's working environment, professionals face large volumes of data from which they must make informed and accurate decisions. This introductory course provides you with the statistical techniques to support your business decisions. By gathering and evaluating data using sound statistical methods, you learn to analyze and present information with clarity and precision.

Who Should Attend

Those who use data to support their business decisions, including anyone who manages quality, people, processes or any quantifiable resource. No prior knowledge of statistics or data analysis is assumed.

Hands-On Training

Exercises reinforce the statistical concepts and skills taught in class, including:
  • Selecting the best chart for a business decision
  • Applying decision trees and payoff tables effectively
  • Leveraging descriptive statistics in business decisions
  • Identifying differences between groups
  • Designing and analyzing surveys
  • Preparing and validating forecasts
  • Analyzing summary data

Related Courses

 
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Upcoming Dates

Nov 26 - 28, 2008
 Toronto
Dec 3 - 5, 2008
 Washington, DC (Reston, VA)
Dec 10 - 12, 2008
 New York
Mar 25 - 27, 2009
 Toronto
May 6 - 8, 2009
 Washington, DC (Rockville, MD)
Jun 3 - 5, 2009
 Washington, DC (Reston, VA)
Jun 24 - 26, 2009
 New York
Jul 8 - 10, 2009
 Toronto

For complete schedule, please visit www.learningtree.com
 
http://www.learningtree.com/courses/196pf.htm
 
 
1-800-THE-TREE (1-800-843-8733)
TRAINING YOU CAN TRUST
 
 

Introduction to Statistics: Making Better Business Decisions

 
Course: 196   Type: Hands-On Training   Duration: 3 Days
 
 
Course 196 Content
 

Introduction and Overview

  • The need for sound data in the decision-making process
  • Defining key statistical terminology
  • Types of data: qualitative, quantitative
  • Selecting the right charts to support decisions

Assessing Probabilities

Fundamentals of probabilities

  • Three ways of estimating probabilities
  • Combining probabilities for a stronger outcome
  • Weighing the probabilities of related and unrelated events

Making decisions with decision trees

  • Blueprinting the decision tree architecture
  • Applying expected values to determine the best decision

Harnessing probabilities for competitive analysis

  • Leveraging backward conditional probabilities to model a competitor's decision process
  • Refining probabilities based on public information

Extracting and Validating Data

Exploiting effective measuring techniques

  • Interpreting data with statistical measures
  • When to use the mean and other measures
  • Exploring key measures of dispersion, such as standard deviation

Verifying distribution types

  • Quantifying skewness and kurtosis
  • Detecting outliers

Leveraging the power of distributions

  • Applying the Binomial Distribution to calculate the probability of success
  • Finding the probability of defects by using the Poisson Distribution

Applying Statistical Measures

Estimating population characteristics

  • Selecting confidence intervals
  • Estimating the mean and standard deviation

Testing hypotheses for future application

  • Developing your hypothesis with tangible data
  • Minimizing Type I and Type II errors
  • Choosing one- or two-tailed tests

Comparing statistical measures between groups

  • Checking for equality of measures
  • Performing measures of dispersion testing
  • Discovering the sources of variability in your data

Obtaining substantive results through testing

  • Matching your data with a distribution
  • Selecting the best test to apply

Gathering Data Through Surveys

Applying probability-based sampling methods

  • Random
  • Stratified
  • Systematic
  • Cluster

Avoiding common mistakes in sampling

  • Convenience
  • Judgment

Selecting the right sample size

  • Analyzing the required level of confidence
  • Choosing the appropriate level of accuracy

Creating your survey

  • Focusing survey questions on key measures
  • Selecting question types to pinpoint areas of concern
  • Avoiding bias by ordering questions for accurate results

Strengthening Your Forecasting Techniques

Incorporating the appropriate trend type

  • Linear
  • Exponential
  • Logarithmic
  • Calculating the coefficient of determination
  • Measuring the "goodness of fit"

Preparing your forecast

  • Selecting the number of forecast periods
  • Applying the trendline formula

Refining your forecast

  • Analyzing your data to determine seasonality
  • Applying seasonal factors to improve your forecast

Identifying Misleading Statistical Techniques

Uncovering techniques used to mislead

  • Data dredging
  • Biased samples

Presenting data and conclusions accurately

  • Communicating the main points
  • Sidestepping common graphical mistakes
 
http://www.learningtree.com/courses/196pf.htm
 
 
1-800-THE-TREE (1-800-843-8733)
TRAINING YOU CAN TRUST
 
 

Introduction to Statistics: Making Better Business Decisions Tuition

 
Course: 196   Type: Hands-On Training   Duration: 3 Days
 
 

Course Tuition
$ 2,390 Standard Tuition
Tuition with a Savings Plan
$ 1,350 10-Day Pass
$ 1,670 Training Passport
$ 1,700 Premium-Pass
$ 2,200 Voucher 10-Pack
$ 2,155 Alumni Gold Discount
$ 2,124 Government Discount
 

 

Your Course Tuition Entitles You To...

  • Class participation
  • Team workshops
  • Use of in-class hands-on equipment
  • Comprehensive course materials
  • Morning and afternoon refreshments
  • Course Completion Certificate awarding Continuing Education Units
  • FREE participation in Professional Certification
  • FREE participation in College Credit programs (including related exams)
  
 

Tuition Savings Plans

Training Passport
  • 3 courses in 12 months
  • As little as $1,670 per course
  • Savings as much as 40%
  • Only $5,000
Premium Pass
  • 4 courses in 24 months
  • As little as $1,700 per course
  • Save as much as 45%
10-Day Pass
  • A NEW way to save on training
  • 10 days of training for one person
  • Save as much as $990 per course
  • Only $4,500
Training Vouchers
  • Save as much as $990 per course
  • Fully transferable
  • As low as $2,200 per course
Alumni Gold Discount Attend your first course and you'll receive a personalized Alumni Gold Discount card, entitling you to save as much as $305 on each course you take within the following 12 months. Take just one course each year and you'll be entitled to ongoing discounts...year after year!

Your Guarantee of Satisfaction

Unless you feel 100% satisfied that Learning Tree delivered even more than you expected, there is no fee for your course attendance. Our Guarantee of Quality lets you experience the value of the course--and then pay only if you feel the course was well worth the tuition.

Enrolling is Easy and Flexible!

Enroll by phone or online. If your plans change, just let us know and, without a fee, you can transfer to another course or cancel your enrollment. Pay after you've taken the course, and then only if you are 100% satisfied.
 
http://www.learningtree.com/courses/196pf.htm