ETC1031

Business and economic statistics: sequence 1

(BUS)

Professor Maxwell King and Associate Professor Brett Inder

6 points + Two 1-hour lectures and one 2-hour tutorial per week + Second semester + Repeated first semester + Clayton + Pre/corequisite: ETC1020 + Prohibitions: MAT1062

Synopsis: Introduction to the principles and techniques of statistical inference as applied in business and economics - probability distributions; an introduction to random sampling including simple random sampling, stratified random sampling; and cluster sampling; estimators and their properties; the construction and interpretation of confidence intervals; hypothesis testing; acceptance sampling; the simple linear regression model.

Assessment: Written (3 assignments ): 30% + Examination (2 hours): 70%