Statistics 1 introduces students to some basic ideas and techniques of statistical inference that are routinely used in Economics, Business, and other social sciences. In addition, students are introduced to the use of statistical inference in solving problems. Students will be provided with a foundation for intermediate econometric and statistical modules offered in Stages 2 & 3.
Module learning outcomes
After successful completion of the module students are able to:
Describe the concepts of populations, samples and sampling distributions
Describe and be able to apply procedures for estimating quantities of interest and testing claims about such quantities
Describe the role of correlation and simple regression in analysing the relationship between two variables, and be able to apply these tools and discuss empirical results.