BUS204: Business Statistics


This course will introduce you to business statistics, or the application of statistics in the workplace. Statistics is a course in the methods for gathering, analyzing, and interpreting data. If you have taken a statistics course in the past, you may find some of the topics in this course familiar. You can apply statistics to any number of fields – from anthropology to hedge fund management – because many of us best interpret data when it is presented in an organized fashion (as it is with statistics). You can analyze data in any number of forms. Summary statistics, for example, provide an overview of a data set, such as the average score on an exam. However, the average does not always tell the entire story; for example, if the average score is 80, it may be because half of the students received 100s and the other half received 60s. This would present a much different story than if everyone in the class had received an 80, which demonstrates consistency. Statistics provides more than simple averages. In this course, you will learn how to apply statistical tools to analyze data, draw conclusions, and make predictions of the future. The course will begin with data distributions, followed by probability analysis, sampling, hypothesis testing, inferential statistics, and, finally, regression. This course is mathematically intensive, and much of what you learn here will deal with things you encounter every day. This course also makes use of spreadsheets, an important tool for working with and making sense of numerical data.

Have you tried this resource?

Help someone out by sharing your thoughts!

Write a review

Have questions about K-12 education?

Ask our community of thousands of teachers, homeschoolers, and parents! Or see recently-asked questions.

Ask a Question

More Ways to Learn Statistics & Probability


The Manga Guide to Statistics

7th - College | Book

The Manga Guide to Statistics will teach you everything you need to know about this essential discipline, while entertaining you at the same time. With its unique combination of Japanese-style...

Paid add-ons

Inferential Statistics

High School - College | Online class

This course covers commonly used statistical inference methods for numerical and categorical data. You will learn how to set up and perform hypothesis tests, interpret p-values, and report the...


Applying mathematical reasoning

6th - 8th | Online class

This tutorial is less about statistics and more about interpreting data—whether it is presented as a table, pictograph, bar graph or line graph. Good for someone new to these ideas. For a student...


Data, Probability and Statistics

7th - High School | Online resource

Topics covered: Finding a central value Mean value Median value Modal value Quartiles and percentiles Standard deviations Correlation Probability Combinations and Permutations Binomial...


Statistics Course Assistant

High School - College | Android, iPhone/iPad, Windows

Get help and answers for your Statistics classes. Easy interface guides you through course topics and has calculators and solvers for your homework. Create a bar chart, histogram, or scatter plot...

Paid add-ons

Statistics Capstone Project

High School - College | Online class

The capstone project will be an analysis using R that answers a specific scientific/business question provided by the course team. A large and complex dataset will be provided to learners and the...


Inferential statistics

College | Online class

The normal distribution (often referred to as the “bell curve” is at the core of most of inferential statistics. By assuming that most complex processes result in a normal distribution (we’ll see...


Probability and statistics

7th - College | Online class

Want a personalized probability and statistics experience? Missions recommend what to learn next, help you remember what you’ve learned by mixing skills, and save your progress.


Statistical studies

College | Online class

Inferring population mean from sample mean Much of statistics is based upon using data from a random sample that is representative of the population at large. From that sample mean, we can infer thin…


Statistics & Probability

7th - College | Online video/YouTube

HippoCampus.org is a free, core academic web site that delivers rich multimedia content—videos, animations, and simulations—on general education subjects to middle-school and high-school teachers...


Inferential and Predictive Statistics for Business

High School - College | Online class

In this course, you will learn the language of uncertainty and the statistical methods for making inferences and decisions on the basis of limited information and data. The course will build on...


Mathematical Biostatistics Boot Camp 1

College | Online class

This class presents the fundamental probability and statistical concepts used in elementary data analysis. It will be taught at an introductory level for students with junior or senior...


Introduction to Probability and Data

College | Online class

This course introduces you to sampling and exploring data, as well as basic probability theory and Bayes’ rule. You will examine various types of sampling methods, and discuss how such methods can...


Introductory Statistics

College | Book, Kindle/ebook, Website, Worksheet/Printable

Introductory Statistics follows scope and sequence requirements of a one-semester introduction to statistics course and is geared toward students majoring in fields other than math or engineering....


Introductory Business Statistics

College | Book, Kindle/ebook, Website, Worksheet/Printable

Introductory Business Statistics is designed to meet the scope and sequence requirements of the one-semester statistics course for business, economics, and related majors. Core statistical concepts...

$99 yearly


1st - 3rd | Website

Series of lessons and exercises covering the basic concepts of data and statistics including probability, combinations, line graphs, pictographs, tally charts, and bar charts. Part of the BrainPOP...

$10 monthly

Probability and statistics

1st - 8th | Online resource

Practice probability and statistics skills on IXL, have fun, and win awards!


Statistics Help

7th - High School | Online resource

Topics: Arithmetic mean Combinations Geometric mean Median Mode Rolling the dice



High School - College | Online video/YouTube

Learn statistics with Professor Leonard. Topics: Data Analysis and Interpretation, Data Descriptors, Probability, Binomial and Normal Distributions, Confidence Intervals, and Hypothesis testing...


Combinations - Counting Using Combinations

7th - High School | Online video/YouTube

Some combinatorics and discrete math basics. Combinations, permutations, and probability.

See all resources for Statistics & Probability

Links to supporting retailers are recognized and built automatically, so we can provide you with truly unbiased listings.
We receive a small share of sales from those links to help us keep this service free for all learners. Thanks for your support!

Frequently Asked Questions

What is BUS204: Business Statistics by Saylor Academy?

BUS204: Business Statistics is a learning resource for Statistics & Probability. It is available in the following format(s): Online class. It is suited for College students.

What grade level is BUS204: Business Statistics by Saylor Academy appropriate for?

It is designed for College students, but could be useful for students of other ages as well; please look at the description and images to determine suitability.

How much does BUS204: Business Statistics by Saylor Academy cost?

It is free!