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Business Applications of Hypothesis Testing and Confidence Interval Estimation に戻る

ライス大学(Rice University) による Business Applications of Hypothesis Testing and Confidence Interval Estimation の受講者のレビューおよびフィードバック



Confidence intervals and Hypothesis tests are very important tools in the Business Statistics toolbox. A mastery over these topics will help enhance your business decision making and allow you to understand and measure the extent of ‘risk’ or ‘uncertainty’ in various business processes. This is the third course in the specialization "Business Statistics and Analysis" and the course advances your knowledge about Business Statistics by introducing you to Confidence Intervals and Hypothesis Testing. We first conceptually understand these tools and their business application. We then introduce various calculations to constructing confidence intervals and to conduct different kinds of Hypothesis Tests. These are done by easy to understand applications. To successfully complete course assignments, students must have access to a Windows version of Microsoft Excel 2010 or later. Please note that earlier versions of Microsoft Excel (2007 and earlier) will not be compatible to some Excel functions covered in this course. WEEK 1 Module 1: Confidence Interval - Introduction In this module you will get to conceptually understand what a confidence interval is and how is its constructed. We will introduce the various building blocks for the confidence interval such as the t-distribution, the t-statistic, the z-statistic and their various excel formulas. We will then use these building blocks to construct confidence intervals. Topics covered include: • Introducing the t-distribution, the T.DIST and T.INV excel functions • Conceptual understanding of a Confidence Interval • The z-statistic and the t-statistic • Constructing a Confidence Interval using z-statistic and t-statistic WEEK 2 Module 2: Confidence Interval - Applications This module presents various business applications of the confidence interval including an application where we use the confidence interval to calculate an appropriate sample size. We also introduce with an application, the confidence interval for a population proportion. Towards the close of module we start introducing the concept of Hypothesis Testing. Topics covered include: • Applications of Confidence Interval • Confidence Interval for a Population Proportion • Sample Size Calculation • Hypothesis Testing, An Introduction WEEK 3 Module 3: Hypothesis Testing This module introduces Hypothesis Testing. You get to understand the logic behind hypothesis tests. The four steps for conducting a hypothesis test are introduced and you get to apply them for hypothesis tests for a population mean as well as population proportion. You will understand the difference between single tail hypothesis tests and two tail hypothesis tests and also the Type I and Type II errors associated with hypothesis tests and ways to reduce such errors. Topics covered include: • The Logic of Hypothesis Testing • The Four Steps for conducting a Hypothesis Test • Single Tail and Two Tail Hypothesis Tests • Guidelines, Formulas and an Application of Hypothesis Test • Hypothesis Test for a Population Proportion • Type I and Type II Errors in a Hypothesis WEEK 4 Module 4: Hypothesis Test - Differences in Mean In this module, you'll apply Hypothesis Tests to test the difference between two different data, such hypothesis tests are called difference in means tests. We will introduce the three kinds of difference in means test and apply them to various business applications. We will also introduce the Excel dialog box to conduct such hypothesis tests. Topics covered include: • Introducing the Difference-In-Means Hypothesis Test • Applications of the Difference-In-Means Hypothesis Test • The Equal & Unequal Variance Assumption and the Paired t-test for difference in means. • Some more applications...



May 06, 2020

The statistical concepts and methods are very well explained in an easy to understand manner. Good examples are given to demonstrate application of the cocepts and methods in business environment.


Aug 21, 2020

This course was very useful for me. We have learnt many interesting things of statistics like t statistic, t distribution, z statistics, confidence interval, sample proportion, hypothesis etc.


Business Applications of Hypothesis Testing and Confidence Interval Estimation : 151 - 161 / 161 レビュー

by Colin P

May 16, 2018

Good intro to hypothesis testing using excel for business problems. Lectures are easy to follow - but take notes!

by Pranjal S S

Nov 04, 2017

Loved the course! The structure and explanation throughout is brilliant for a newbie.

by Radhika G

Apr 27, 2020

The course helped in strengthening my basics of hypothesis testing.

by César P O

Sep 11, 2019

It needs to show the correct answers when you do wrong in the tests

by Eduardo R O S

Feb 01, 2020

Excellent course to refresh your knowledge about inference

by Yining Y

Sep 12, 2020

There are many same slides in the file!

by Renier B

Feb 19, 2020

too easy compared to part 1 &2

by Harsha M

Apr 26, 2019

Brilliant course!!

by Prashant K

Sep 29, 2018

more application

by renu m

May 12, 2019

Week 3 and 4 are simpler; but week 1 and 2 took a lot of external references to understand.

by Prachurya S

Sep 28, 2020

Question and Answers are not properly structured and it really increases the doubt for the candidate. Really not satisfied with the final assignments where in some cases proper explanation is not given.