Dr. David C. Juran, who teaches courses in statistics for management and managing operations, is a winner of six teaching awards at Columbia Business School and at the Cornell Johnson Graduate School of Management, including the EMBA Globe Award for Teaching Excellence. Juran’s research has appeared in Management Science, Journal of Operations Management, and other journals. Juran’s academic interests are informed by extensive industrial and corporate experience at Pepperidge Farm, Spaulding Company, and Juran Institute, as well as his experience as an independent management consultant for organizations such as [x+1], Gordian Group, Johnson & Johnson, MarketBridge, MTV Networks, Opera Solutions, Veeco, and Carl Zeiss. Dr. Juran earned his Ph.D. at Cornell University’s Johnson Graduate School of Management, concentrating in the fields of operations management, operations research, and organizational behavior.
Businesses rely heavily on data to make informed decisions. Yet data collection comes with its own costs. To optimize this process, it is key to assess how much data you truly need to gather to make precise decisions.
In this course, you will apply the science of sampling, using data from a sample of a population to draw conclusions about the entire population. You will identify the appropriate sampling method for a particular scenario and business goal. Once you have this data, you will utilize it to predict outcome probabilities with improved accuracy. Finally, you will also explore the reverse process: understanding how much data collection is required from a set accuracy goal. Both these methodologies hold substantial value in business planning and will set you up for a more optimized approach to data collection for your business.
You are required to have completed the following courses or have equivalent experience before taking this course:
- Data Analysis and Probability
- Decision Analysis
- Continuous Distributions
Key Course Takeaways
- Use data from a sample of a population to draw conclusions about the entire population
- Calculate the confidence interval for a measurement based on the sampled data
- Decide the appropriate sampling method for a particular scenario and business goal
How It Works
Who Should Enroll
- Professionals looking to uncover insights from data
- Students who are pre-MBA or considering earning an MBA
- Analysts and researchers
- Individuals interested in moving into an analyst role
- Anyone seeking to leverage statistical or analytic skills