Project Management Institute

Introduction to Business Statistics


This course will introduce you to the importance of statistics in the business world. Statistics is the science of collecting, organizing, and analyzing data in order to make more effective decisions. Understanding statistical techniques can help any manager responsible for marketing, management, accounting, sales, or other business functions.
After completing this course, you'll be able to: 
  1. Differentiate between descriptive and inferential statistics
  2. Distinguish between the 4 different scales of measurement: nominal, ordinal, interval, and ratio
  3. Identify the appropriate graphical or tabular method for presenting your data
  4. Create frequency distributions
  5. Create meaningful presentations and graphs including frequency polygons, graphs, pie charts, line graphs, histograms
  6. Calculate probability and explain its practical application
  7. Compute the mode, median, and mean of a dataset
  8. Calculate the variance and standard deviation of a dataset
  9. Interpret sampling with and without replacement
  10. Explain the significance of the area under a curve
Upon successful completion of this course, you will earn 4 PDUs (1.5 Technical and 2.5 Business /Strategic)

Who Should Take This Course

Non-financial managers

Course Information

Member Price
Non-Member Price

Not a PMI Member?

Become a member and take advantage of the knowledge and networking available near you through local PMI chapters.

Join PMI