Statistics

 

  This is the final week of the Bus 501 course, my second course in my MBA journey. As doctor and researcher, I have previous experience in statistics. However, this course was good revision for basic statistics. In addition, it enhanced my Excel experience and made me realize other uses of statistics, rather than biostatistics and uses for diseases and patients. Even the businesses use the same principle to analyze the markets, and enhance their businesses. By applying various statistical methods and techniques, companies can uncover patterns, trends, and relationships within their data, enabling them to make informed decisions, set goals, and optimize processes (GreeksforGreeks, 2024).

This week was heavy with many lectures on MBA math. However, my desire to get an A in this course motivated me to complete all lectures. During the course, I built my own Excel sheet that contains all formulas that I learned during the course. This will be very helpful for me during my journey of the MBA.

This week I learned more about the power of big data. How companies use big data to enhance their competitiveness as big data can help in many aspects such as marketing, customer services and efficiency (Hashemi-Pour, 2025). 

By the end I have to thank the instructor for this course, Dr. Dora Tilles. She was very keen to give feedback and respond promptly. The course is well structured and prepared me for different business aspects. 


Reference:

GeeksforGeeks. (2024, April 22). Business statistics – importance, application and types. GeeksforGeeks. https://www.geeksforgeeks.org/business-statistics-importance-application-and-types/ 


Hashemi-Pour, C., Botelho, B., & Bigelow, S. J. (2025). Big data. TechTarget. https://www.techtarget.com/searchdatamanagement/definition/big-data

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