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Statistical Analysis and Data Variability

Accredited By CPD | High-quality Materials | Video Lessons | Lifetime Access | 24/7 Tutor Support


NextGen Learning

Summary

Price
£15 inc VAT
Study method
Online
Duration
7 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Overview

Welcome to the captivating realm of Statistical Analysis, where data reveals its hidden stories and uncovers the secrets that shape our world. Join this transformative journey and discover the power of Statistical Analysis in unlocking meaningful insights, making informed decisions, and driving progress in diverse fields.

Learning Outcomes:

  • Comprehend the fundamental concepts of Statistical Analysis and its practical applications.
  • Gain proficiency in basic statistical terms and techniques for data analysis.
  • Understand the importance of data variability and its implications in decision-making.
  • Explore the binomial and normal distributions, and their relevance in statistical modelling.
  • Develop a solid foundation in probability theory and its role in making accurate predictions.
  • Acquire the skills to perform hypothesis testing, regression analysis, and draw meaningful conclusions from data.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

The Statistical Analysis and Data Variability course provides an in-depth exploration of the principles and techniques that underpin Statistical Analysis. Starting with an introduction to the fascinating realm of statistics, participants will delve into essential statistical terms and concepts. They will explore the central measures of data, investigate the intricacies of data variability, and uncover the power of binomial and normal distributions in analysing real-world phenomena. The Statistical Analysiswill equip learners with the knowledge of probability theory, estimation, and hypothesis testing, enabling them to make informed decisions based on robust statistical foundations. Additionally, participants will dive into regression analysis and gain insights into the Bayesian approach, culminating in a comprehensive understanding of statistical practices and their implications for various fields.

Certification

Upon completion of the course, learners can obtain a certificate as proof of their achievement. You can receive a £4.99 PDF Certificate sent via email, a £9.99 Printed Hardcopy Certificate for delivery in the UK, or a £19.99 Printed Hardcopy Certificate for international delivery. Each option depends on individual preferences and locations.

Who is this course for?

  • Professionals seeking to enhance their analytical skills and decision-making abilities.
  • Students pursuing studies in mathematics, statistics, economics, or any field requiring data analysis.
  • Researchers, analysts, and data scientists who work with large datasets and aim to extract valuable insights.
  • Managers and executives involved in strategic planning, risk assessment, and performance evaluation.
  • Anyone interested in understanding the power of statistics and how it shapes our understanding of the world.

Career path

  • Data Analyst: £25,000 - £45,000 per annum
  • Statistical Analyst: £30,000 - £50,000 per annum
  • Data Scientist: £40,000 - £70,000 per annum
  • Research Analyst: £25,000 - £45,000 per annum
  • Business Intelligence Analyst: £30,000 - £55,000 per annum
  • Market Research Analyst: £25,000 - £45,000 per annum

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.