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Statistical Analysis & Probability

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£15 inc VAT
Study method
Online, self-paced
7 hours
Access to content
Lifetime access
No formal qualification
10 CPD hours / points
  • Certificate of completion - Digital certificate - Free
  • Certificate of completion - Hard copy certificate - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Imagine you work for a pharmaceutical company and need to analyse the effectiveness of a new drug. You collect data on patient outcomes and use statistical analysis to draw conclusions about the drug's impact. This is just one example of how statistics plays a crucial role in decision-making across various fields.

Learning outcomes:

  • Understand the fundamental concepts and principles of statistics.
  • Analyse and interpret data using descriptive statistical measures.
  • Apply probability theory to make informed predictions and decisions.
  • Conduct hypothesis tests and draw valid conclusions.
  • Perform regression analysis to model relationships between variables.
  • Embrace Bayesian methods for learning from experience and updating beliefs.


10 CPD hours / points
Accredited by CPD Quality Standards

Course media


Unlock the power of data with our comprehensive Statistical Analysis course. From exploring the realm of statistics to advanced techniques like regression analysis and Bayesian methods, this course equips you with the skills to make sense of data and draw meaningful insights. Gain a solid foundation in statistical concepts, learn to analyse data variability, and understand key distributions. Discover how to estimate parameters and construct confidence intervals. Dive into hypothesis testing and learn to make informed decisions based on data. Harness the power of regression analysis for predictive modelling, and explore the Bayesian approach to learning from experience. Avoid common pitfalls and learn how to do statistics better.

Join us on this enlightening journey to become a statistical analysis expert.

Who is this course for?

  • Professionals seeking to enhance their data analysis skills.
  • Researchers who want to apply statistical methods to their work.
  • Students pursuing degrees in mathematics, economics, or social sciences.
  • Anyone interested in understanding and making sense of data using statistical techniques.

Career path

  • Data Analyst: £25,000 - £40,000 per year.
  • Statistician: £30,000 - £60,000 per year.
  • Research Analyst: £25,000 - £45,000 per year.
  • Business Intelligence Analyst: £30,000 - £50,000 per year.
  • Market Research Analyst: £25,000 - £45,000 per year.
  • Financial Analyst: £30,000 - £60,000 per year.

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.


Certificate of completion - Digital certificate

Digital certificate - Included

Certificate of completion - Hard copy certificate

Hard copy certificate - £9.99

Inside the UK student have to pay an additional delivery fee of £10, whereas International students are required to pay an additional fee of £19.99 to receive a hard copy of the certificate delivered to their address.


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What does study method mean?

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

What are CPD hours/points?

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

What is a ‘regulated qualification’?

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

What is an ‘endorsed’ course?

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body’s logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.