We live in an uncertain and complex world, yet we continually have to make decisions in the present with uncertain future outcomes. Indeed, we should be on the look-out for "black swans" - low-probability high-impact events.
To study, or not to study? To invest, or not to invest? To marry, or not to marry?
While uncertainty makes decision-making difficult, it does at least make life exciting! If the entire future was known in advance, there would never be an element of surprise. Whether a good future or a bad future, it would be a known future.
In this course we consider many useful tools to deal with uncertainty and help us to make informed (and hence better) decisions - essential skills for a lifetime of good decision-making.
Key topics include quantifying uncertainty with probability, descriptive statistics, point and interval estimation of means and proportions, the basics of hypothesis testing, and a selection of multivariate applications of key terms and concepts seen throughout the course.
Dealing with Uncertainty and Complexity in a Chaotic World
Angel Efren Rojas Kingland completed this course, spending 24 hours a week on it and found the course difficulty to be medium.
Excellent course, very motivating and well prepared. Highly recommended for those ones looking to learn Statistics in a friendly way.
Maria Tencheva completed this course, spending 2 hours a week on it and found the course difficulty to be easy.
The course was very interesting and offered a broad range of different topics. The concepts were introduced in a simple manner in the videos, and then developed further in the pdf documents, which is nice (especially for beginners, who would benefit from examples prior to being given the theory). However, I didn't like how redundant some of the videos were - they are all around 10mins, when the information given can be presented in 5mins maximum. Furthermore, the quizzes are multiple-choice and there are 2 projects (all peer-graded), which might not be the best way to assess this type of course. Overall, great course for anyone interested in statistics and probability!
Minh, Tran Phuoc Thanh
Minh, Tran Phuoc Thanh is taking this course right now, spending 5 hours a week on it and found the course difficulty to be medium.
For people who dont know anything about statistic, it's a place to start. For one who did know something about statistic, it's a good chance to review your knowledge.