How to Use Statistics in Data Analytics

In this session, you’ll learn the core statistical concepts used in data analysis and business analytics. This lesson covers types of data, descriptive statistics, distributions, probability, correlation, and how analysts use statistics to interpret data and support decision-making.

You’ll learn how to summarize data, measure variability, understand distributions, and identify relationships between variables — the same statistical foundations used by data analysts and analytics professionals.

Key Takeaways
Understand the main types of data: nominal, ordinal, interval, and ratio
Learn the fundamentals of descriptive statistics
Understand mean, median, and mode
Learn how to measure variability in data
Understand data distributions and normal distribution
Learn how histograms are used in data analysis
Understand probability and z-scores
Learn how correlation is used to identify relationships

Chapters
00:00 Introduction to statistics for data analysis
06:30 Types of data: nominal, ordinal, interval, ratio
18:40 What is descriptive statistics
32:10 Mean, median, and mode
45:30 Measuring variability in data
58:20 Understanding distributions and normal distribution
1:10:40 Using histograms in data analysis
1:22:10 Introduction to probability and z-scores
1:34:30 Understanding correlation
1:44:30 Summary and next steps

Q&A
Q: What is statistics in data analysis?
A: Statistics is the science of collecting, analyzing, and interpreting data to make decisions.

Q: What are descriptive statistics?
A: Descriptive statistics summarize data using measures like mean, median, mode, and variability.

Q: What is a normal distribution?
A: A normal distribution is a common data pattern where values cluster around the average.

Q: What is correlation?
A: Correlation measures the relationship between two variables.

Q: Why do data analysts use statistics?
A: Data analysts use statistics to understand patterns, trends, and relationships in data.


Learning Path
This video is part of the Excel for Data Analysis (Beginner to Advanced Learning Path).
🔗 Watch the full playlist here:    • How to Use Excel for Data Analysis (Beginn...  


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