Knowledge

The student...

has knowledge about probability estimation and statistics as used in courses within the field of business administration

Skills

The student...

can present and interpret statistical data using measures of centrality and dispersion, frequency distributions and graphical methods
can do basic probability calculations, including probability models, combinatorics, counting methods, conditional probabilities, law of total probability, Bayes law and independence
can analyze probability distributions and calculate expectations and variance of a stochastic variable, continuing to linear combinations of stochastic variables
can understand simultaneous probabilities including calculations of expectations, variance and covariance
can choose probability model and calculate with discrete and continous probablility distributions, including binomial distribution, hypergeometric distribution, poisson distribution, normal distribution and t-distribution
can estimate unknown parameters, both point estimation and interval estimation
can test hypotheses in measurment model and binomial model and evaluate different test methods, interpret significance levels, significance probability and test strenght
can use and interpret regression analysis, both by estimation and hypothesis test of the regression coefficent, and calculate and interpret the correlation coefficient.
can carry out chi square tests, both model tests and tests of independence

General competence

The student...

Subject description SFO1100

Statistics for Economists