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Business 114: Business Statistics

Course Summary

Access engaging video lessons to help you develop an understanding of statistical concepts and analytical practices with this Business 114: Business Statistics course. Improve your knowledge to prepare for business class exams or discussions, study for college entrance exams or enhance your work performance.
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13 chapters in Business 114: Business Statistics

Ch 1. Introduction to Business Statistics {{cp.topicAssetIdToProgress[306711].percentComplete}}% complete
Course Progress Best Score
Lesson 1 - Descriptive & Inferential Statistics: Definition, Differences & Examples Score: {{cp.lessonAssetIdToProgress[14557].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14557].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Application of Statistics in Business Score: {{cp.lessonAssetIdToProgress[69059].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[69059].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The Purpose of Statistical Models Score: {{cp.lessonAssetIdToProgress[14564].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14564].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - What is Bivariate Data? - Definition & Examples Score: {{cp.lessonAssetIdToProgress[17703].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17703].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Qualitative & Quantitative Variables in Statistics Score: {{cp.lessonAssetIdToProgress[306713].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[306713].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Random Variables: Definition, Types & Examples Score: {{cp.lessonAssetIdToProgress[14796].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14796].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Bias in Statistics: Definition & Examples Score: {{cp.lessonAssetIdToProgress[55395].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[55395].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Misleading Uses of Statistics Score: {{cp.lessonAssetIdToProgress[14572].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14572].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Nominal, Ordinal, Interval & Ratio Measurements: Definition & Examples Score: {{cp.lessonAssetIdToProgress[14563].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14563].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Computer Software in Statistical Analysis: Role & Examples Score: {{cp.lessonAssetIdToProgress[306715].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[306715].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - How to Calculate an Arithmetic Series Score: {{cp.lessonAssetIdToProgress[637].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[637].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Arithmetic Mean: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[21741].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21741].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Geometric Mean: Definition and Formula Score: {{cp.lessonAssetIdToProgress[14222].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14222].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - How to Calculate Mean, Median, Mode & Range Score: {{cp.lessonAssetIdToProgress[2388].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2388].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Variability in Statistics: Definition & Measures Score: {{cp.lessonAssetIdToProgress[5818].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[5818].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Skewness in Statistics: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[20329].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20329].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Measures of Dispersion and Skewness Score: {{cp.lessonAssetIdToProgress[22665].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22665].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Quartiles & the Interquartile Range: Definition, Formulate & Examples Score: {{cp.lessonAssetIdToProgress[16180].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16180].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Upper Quartile: Definition & Formula Score: {{cp.lessonAssetIdToProgress[21711].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21711].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Finding Percentiles in a Data Set: Formula & Examples Score: {{cp.lessonAssetIdToProgress[16181].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16181].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Estimating Population Percentages from Normal Distributions: The Empirical Rule & Examples Score: {{cp.lessonAssetIdToProgress[14814].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14814].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Subjective Probability: Definition & Examples Score: {{cp.lessonAssetIdToProgress[21724].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21724].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Relative Frequency & Classical Approaches to Probability Score: {{cp.lessonAssetIdToProgress[15110].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15110].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Statistics, Data Analysis & Probability in Real Life Score: {{cp.lessonAssetIdToProgress[56093].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[56093].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - The Addition Rule of Probability: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15108].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15108].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - The Multiplication Rule of Probability: Definition & Examples Score: {{cp.lessonAssetIdToProgress[15109].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[15109].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Contingency Table: Statistics, Probability & Examples Score: {{cp.lessonAssetIdToProgress[9153].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9153].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Venn Diagrams: Subset, Disjoint, Overlap, Intersection & Union Score: {{cp.lessonAssetIdToProgress[2381].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2381].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Analyzing Business Problems Using Decision Trees & Payoff Tables Score: {{cp.lessonAssetIdToProgress[43289].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[43289].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Calculating Possible Outcomes: Definition & Formula Score: {{cp.lessonAssetIdToProgress[9132].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[9132].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - How to Use Formulas & Functions in Excel Score: {{cp.lessonAssetIdToProgress[36600].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[36600].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Using the IF Function in Excel Score: {{cp.lessonAssetIdToProgress[52739].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[52739].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Uniform Distribution in Statistics: Definition & Examples Score: {{cp.lessonAssetIdToProgress[20236].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20236].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Developing Continuous Probability Distributions Theoretically & Finding Expected Values Score: {{cp.lessonAssetIdToProgress[17303].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[17303].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Developing Discrete Probability Distributions Theoretically & Finding Expected Values Score: {{cp.lessonAssetIdToProgress[14799].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14799].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Calculating the Standard Deviation Score: {{cp.lessonAssetIdToProgress[2389].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[2389].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Find the Mean & Standard Error of the Sampling Distribution Score: {{cp.lessonAssetIdToProgress[18397].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18397].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Mean & Standard Deviation of a Binomial Random Variable: Formula & Example Score: {{cp.lessonAssetIdToProgress[14809].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14809].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Finding Z-Scores: Definition & Examples Score: {{cp.lessonAssetIdToProgress[14812].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14812].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Estimating Areas Under the Normal Curve Using Z-Scores Score: {{cp.lessonAssetIdToProgress[14813].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14813].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Poisson Distribution: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[60638].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[60638].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Normal Distribution & Shifts in the Mean Score: {{cp.lessonAssetIdToProgress[31416].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[31416].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Sampling Distributions & the Central Limit Theorem: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[18396].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18396].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Finding Probabilities About Means Using the Central Limit Theorem Score: {{cp.lessonAssetIdToProgress[18398].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18398].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Difference between Populations & Samples in Statistics Score: {{cp.lessonAssetIdToProgress[14558].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[14558].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - What is Random Sampling? - Definition, Conditions & Measures Score: {{cp.lessonAssetIdToProgress[18390].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18390].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Simple Random Samples: Definition & Examples Score: {{cp.lessonAssetIdToProgress[18391].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18391].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Stratified Random Samples: Definition, Characteristics & Examples Score: {{cp.lessonAssetIdToProgress[18392].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18392].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Cluster Random Samples: Definition, Selection & Examples Score: {{cp.lessonAssetIdToProgress[18393].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18393].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Systematic Random Samples: Definition, Formula & Advantages Score: {{cp.lessonAssetIdToProgress[18394].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[18394].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Point & Interval Estimations: Definition & Differences Score: {{cp.lessonAssetIdToProgress[58544].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58544].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Determining the Sample Size to Estimate Confidence Intervals: Definition & Process Score: {{cp.lessonAssetIdToProgress[58546].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58546].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Finding Confidence Intervals with the Normal Distribution Score: {{cp.lessonAssetIdToProgress[145796].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[145796].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Using the t Distribution to Find Confidence Intervals Score: {{cp.lessonAssetIdToProgress[58548].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58548].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Degrees of Freedom: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[21764].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[21764].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Sample Proportion in Statistics: Definition & Formula Score: {{cp.lessonAssetIdToProgress[20292].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[20292].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Finding Confidence Intervals for Proportions: Formula & Example Score: {{cp.lessonAssetIdToProgress[58550].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58550].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - What is Hypothesis Testing? - Definition, Steps & Examples Score: {{cp.lessonAssetIdToProgress[58552].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58552].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - Hypothesis Testing Large Independent Samples Score: {{cp.lessonAssetIdToProgress[58557].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58557].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - Conducting Hypothesis Testing for a Mean: Process & Examples Score: {{cp.lessonAssetIdToProgress[58553].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58553].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Type I & Type II Errors in Hypothesis Testing: Differences & Examples Score: {{cp.lessonAssetIdToProgress[58555].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58555].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - One-Tailed Vs. Two-Tailed Tests: Differences & Examples Score: {{cp.lessonAssetIdToProgress[13775].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13775].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Z Test & T Test: Similarities & Differences Score: {{cp.lessonAssetIdToProgress[54659].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[54659].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - What Are t-Tests? - Assessing Statistical Differences Between Groups Score: {{cp.lessonAssetIdToProgress[13777].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[13777].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Hypothesis Testing for a Proportion Score: {{cp.lessonAssetIdToProgress[58560].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58560].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Hypothesis Testing for a Difference Between Two Proportions Score: {{cp.lessonAssetIdToProgress[58561].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58561].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Hypothesis Testing Matched Pairs Score: {{cp.lessonAssetIdToProgress[58559].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58559].bestScoreQuestions}}  Take Quiz Optional
Course Progress Best Score
Lesson 1 - Correlation vs. Causation: Differences & Definition Score: {{cp.lessonAssetIdToProgress[16793].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16793].bestScoreQuestions}}  Take Quiz Optional
Lesson 2 - The Relationship Between Variables: Correlation Coefficient & Scatterplots Score: {{cp.lessonAssetIdToProgress[12980].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12980].bestScoreQuestions}}  Take Quiz Optional
Lesson 3 - The Correlation Coefficient: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[16792].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16792].bestScoreQuestions}}  Take Quiz Optional
Lesson 4 - Using the Raw Score Method to Compute the Correlation Coefficient Score: {{cp.lessonAssetIdToProgress[12981].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12981].bestScoreQuestions}}  Take Quiz Optional
Lesson 5 - Coefficient of Determination: Definition, Formula & Example Score: {{cp.lessonAssetIdToProgress[16796].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16796].bestScoreQuestions}}  Take Quiz Optional
Lesson 6 - Pearson Correlation Coefficient: Formula, Example & Significance Score: {{cp.lessonAssetIdToProgress[5335].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[5335].bestScoreQuestions}}  Take Quiz Optional
Lesson 7 - Calculating Confidence Intervals, Levels & Coefficients Score: {{cp.lessonAssetIdToProgress[58545].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[58545].bestScoreQuestions}}  Take Quiz Optional
Lesson 8 - Regression Analysis: Definition & Examples Score: {{cp.lessonAssetIdToProgress[22666].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[22666].bestScoreQuestions}}  Take Quiz Optional
Lesson 9 - Simple Linear Regression: Definition, Formula & Examples Score: {{cp.lessonAssetIdToProgress[16788].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16788].bestScoreQuestions}}  Take Quiz Optional
Lesson 10 - Problem Solving Using Linear Regression: Steps & Examples Score: {{cp.lessonAssetIdToProgress[16789].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16789].bestScoreQuestions}}  Take Quiz Optional
Lesson 11 - Describing the Relationship between Two Quantitative Variables Score: {{cp.lessonAssetIdToProgress[11064].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[11064].bestScoreQuestions}}  Take Quiz Optional
Lesson 12 - Using Regression Analysis in Business Score: {{cp.lessonAssetIdToProgress[142211].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[142211].bestScoreQuestions}}  Take Quiz Optional
Lesson 13 - Analyzing Residuals: Process & Examples Score: {{cp.lessonAssetIdToProgress[16790].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[16790].bestScoreQuestions}}  Take Quiz Optional
Lesson 14 - Limitations of Correlational Research Score: {{cp.lessonAssetIdToProgress[12983].bestScoreCorrect}}/{{cp.lessonAssetIdToProgress[12983].bestScoreQuestions}}  Take Quiz Optional

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