Business and economic statistics: sequence 2
Dr Graham McLaren
6 points * Two 1-hour lectures and one 2-hour tutorial per week * Second semester * Clayton * Pre-/corequisite: ECM1020 * Prohibitions: ECM1031, MAT1062
Objectives On successful completion of this subject students will have an appreciation of the role of statistical methods in business and economics; an understanding of some of the factors that can cause sample surveys to provide misleading results; be familiar with simple applications of point and interval estimation, hypothesis testing and the simple linear regression model as statistical tools for decision making.
Synopsis review of probability and probability distributions; an introduction to random sampling including simple random sampling and some variations on this procedure; estimators and their properties; the construction of confidence intervals; the testing of hypotheses; an introduction to the simple linear regression model.
Assessment Written (5 assignments [computing and report]): 30% * Examination (2 hours): 70%
Prescribed texts
Mansfield, E Statistics for business and economics 5th edn, Norton, 1994