Statistics and Probability
Statistics and Probability knowledge is essential for hypothesis validation, experiment design, and decision support. It is important to understand basic probability concepts for anybody, who make decisions based on risk mitigation. There are several business areas emerged because of statistically supported actions, including digital advertisement and growth hacking. Advanced knowledge of Statistics and Probability requires a deep understanding of random variables and random processes.
Skill Levels
- Understand that random events might have different probability, could calculate a probability of each side of a dice.
- Understand that random events might have different probability, could calculate a probability of each side of a dice.
- Understand that random events might have different probability, could calculate a probability of each side of a dice.
- Understand that random events might have different probability, could calculate a probability of each side of a dice.
- Understand that random events might have different probability, could calculate a probability of each side of a dice.
Assessments
The following assessments award this skill: