# Ch 33: Basic Statistical Analysis for Business

Review the entertaining video lessons in this chapter to strengthen your knowledge of basic statistical analysis for business. Self-assessment quizzes and a chapter exam can test your comprehension of lesson concepts.

## Basic Statistical Analysis for Business - Chapter Summary

Expert instructors in this chapter offer a quality overview of basic statistical analysis for business. Review lessons in this chapter from your home computer, smartphone or tablet to gain greater insight into various mathematical definitions and calculations. Refresh your understanding of standard deviation, probability, statistical significance and averages. Also, take a closer look at percentiles in a data set, index numbers in statistics and expected value in probability.

Upon completion of this chapter, you should have a complete understanding of basic statistical analysis for business and feel confident in your ability to:

• Calculate mean, median, mode, range and the standard deviation
• Find the probability of simple, compound, complementary, independent and dependent events
• Define and calculate statistical significance
• Share the definition and formula for expected value in probability
• Demonstrate your comprehension of normal distribution and shifts in the mean
• Identify and calculate averages, and find percentiles in a data set
• Explain the uses of index numbers in statistics

Access the lessons in this chapter as fun videos or full transcripts with helpful vocabulary words. Review the lessons in any sequence you desire and as often as needed until you comprehend the materials. Take the quiz with each lesson to gauge your knowledge of basic statistical analysis. A chapter exam is also available to reinforce concepts covered in the lessons. If there are any topics in this chapter for which you'd like additional details, feel free to submit questions to our experts.

10 Lessons in Chapter 33: Basic Statistical Analysis for Business
Test your knowledge with a 30-question chapter practice test
Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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