In a business environment, the main objective of gathering information is to harness it for
decision making. By integrating data with statistical and probabilistic principles, you can make
decisions that have a higher likelihood of yielding desired outcomes for your team and your
organization as a whole.
In this course, you will develop skills in decision analysis. You will construct a decision tree, a process that also aids in determining the extent of effort required to collect information. In processes like these, some calculations may be carried out manually, while others can be streamlined with the use of spreadsheet software. You will be guided through both types of solutions, enabling you to select the right tool for each task in your future projects.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Data Analysis and Probability