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This video talks about the basic statistical concepts and how to apply those concepts with the business. Here are the basic statistical concepts that you will learn after completing this video. • Explanation of statistical methods • Describing the population and samples • Developing a sampling plan and sampling methods • Explanation of descriptive statistics • Identifying the business usage of descriptive statistics • Explanation of the probability theory and distribution • Explanation of confidence interval • Describing the tests of significance • Identifying one and two sided hypothesis testing • Explanation of various tests of significance Course Length: 35:31 Source: Simplilearn

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