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◄Faculty of Business and Economics►

AA037003 PRINCIPLES OF STATISTICS
4 Credits

Learning Outcomes At the end of the course, students are able to:

(1) Apply the concepts of probability and inferential
statistics;
(2) Relate sampling distributions to estimation and
hypothesis testing;
(3) Formulate hypothesis tests;
(4) Apply appropriate statistical techniques for drawing
problems, drawing inference and making decisions in the
fields of business, economics, finance and social
science.
(5) Communicate the findings effectively

Synopsis of Course The course deals with the fundamentals of statistics with
Contents emphasis on applications in business, economics, finance and
social science field. The course begins with the concepts of
probability and this is followed by probability distributions of
random variables, including joint, marginal and conditional
distributions and leading into the introduction of sampling
distributions. These topics are taught to set the foundation for
inferential statistics. Attention is devoted to the conceptual and
quantitative method in the topics of estimation and hypothesis
testing, including non-parametric methods.

Assessment Weightage Continuous Assessment : 50%
Final Examination : 50%

Medium of Instruction English

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