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Statistics for Business Analytics: Probability

This course is part of Statistics for Business Analytics.

This introductory course provides a comprehensive foundation in probability and statistical analysis for business applications. The program is structured across three main topics: basic probability concepts, conditional probability, and the "big 5" probability distributions. Students learn to calculate probabilities in various business scenarios, from customer behavior analysis to resource planning. The course emphasizes practical applications through real-world examples and teaches critical analysis skills essential for data-driven decision making. Designed for beginners, it requires only basic math skills while delivering powerful analytical tools applicable across various business contexts.

Instructors:

English

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Statistics for Business Analytics: Probability

This course includes

4 Weeks

Of Self-paced video lessons

Beginner Level

Completion Certificate

awarded on course completion

10,750

Audit For Free

What you'll learn

  • Master basic probability concepts and calculations

  • Understand conditional probability in complex business scenarios

  • Apply probability distributions to real-world business problems

  • Calculate probabilities for mutually exclusive and independent events

  • Analyze discrete and continuous probability distributions

Skills you'll gain

Probability Theory
Statistical Analysis
Business Analytics
Data Analysis
Critical Thinking
Conditional Probability
Distribution Analysis
Decision Making

This course includes:

PreRecorded video

Graded assignments, Exams

Access on Mobile, Tablet, Desktop

Limited Access access

Shareable certificate

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Get a Completion Certificate

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Top companies offer this course to their employees

Top companies provide this course to enhance their employees' skills, ensuring they excel in handling complex projects and drive organizational success.

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Module Description

This comprehensive probability course focuses on practical applications in business analytics. Students learn fundamental probability concepts, advanced conditional probability calculations, and the application of major probability distributions. The curriculum is structured into three main topics, covering basic probability calculations, conditional probability scenarios, and the practical use of probability distributions. Through real-world examples and business scenarios, students develop critical analytical skills essential for data-driven decision making.

Fee Structure

Individual course purchase is not available - to enroll in this course with a certificate, you need to purchase the complete Professional Certificate Course. For enrollment and detailed fee structure, visit the following: Statistics for Business Analytics

Instructor

Leading Expert in Labor Economics and Job Satisfaction Research

Dr. Temesgen Kifle serves as Lecturer in the School of Economics at The University of Queensland, where he combines expertise in labor economics with innovative research in education and life satisfaction. After completing his PhD and MA from the University of Bremen, he has established himself as an influential researcher with over 233 citations for his work. His research spans multiple areas including immigrant labor markets, job satisfaction, and higher education assessment, demonstrated through his groundbreaking studies on gender differences in job satisfaction and immigrant occupational mobility in Australia. Through his extensive publication record in premier journals including Economic Analysis and Policy and Work, Employment and Society, he continues to advance understanding of labor market dynamics while maintaining active research in student evaluation methods. His expertise particularly shines in analyzing immigrant experiences in the Australian labor market, demonstrated through influential studies on immigrant job satisfaction and occupational mobility. Currently teaching at UQ's School of Economics while maintaining research collaborations across multiple institutions, he contributes significantly to understanding educational outcomes and labor market dynamics through econometric analysis and empirical research methods. His recent work focuses on making student evaluations fairer for teachers and developing strategies to discourage academic plagiarism, while continuing his research on financial literacy among immigrant populations.

Statistics for Business Analytics: Probability

This course includes

4 Weeks

Of Self-paced video lessons

Beginner Level

Completion Certificate

awarded on course completion

10,750

Audit For Free

Testimonials

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Frequently asked questions

Below are some of the most commonly asked questions about this course. We aim to provide clear and concise answers to help you better understand the course content, structure, and any other relevant information. If you have any additional questions or if your question is not listed here, please don't hesitate to reach out to our support team for further assistance.