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Statistics

Mathematical Statistics 1

Mathematical Statistics 1 consists of the two modules STAT101 and STAT102 which must be passed separately.

STAT101: Probability Theory and Discrete Distribution Theory (15 credits)

This module consists of 84 single lectures (6 per week), 28 practicals (2 per week) and 28 tutorials (2 per week) during the first semester.

Pre-requisites: As per faculty requirements.

Content:

Basic probability concepts: Experiment, sample space and events. Set theory for events. Computing probabilities: Permutations and combinations. Conditional probability. Bayes' Theorem. Functions associated with random variables. Random variables and distributions. Discrete and continuous distributions. Distribution and probability functions. Expected value, variance and moments. Special Distributions: Bernoulli, Binomial, Hypergeometric, Poisson and Negative Binomial.

STAT102: Introduction to Statistical Inference (15 credits)

This module consists of 84 single lectures (6 per week), 28 practicals (2 per week) and 28 tutorials (2 per week) during the second semester.

Pre-requisites: At least 40% for STAT101

Content:

Maximum likelihood estimation. Least squares estimation. Sufficient statistics. Confidence intervals. Unbiased estimators. Consistent estimators. Efficient estimators. Fisher information. Problems of hypothesis testing. Testing Simple Hypotheses. Statistical tests for means, variances and proportions. Statistical tests for comparing populations.

Statistics 1

Statistics 1 consists of the two modules STAE101 and STAE102 which must be passed separately.

STAE101: Financial Mathematics (12 credits)

This module consists of 56 single lectures (4 per week), 14 practicals (1 per week) and 28 tutorials (2 per week) during the first semester.

Pre-requisites: As per faculty requirements.

Content:

Simple and compound interest. Simple and complex annuities. Perpetuities. Applications of annuities and perpetuities. Introduction to linear programming problems. Graphic solution. Computational analysis. Transportation problems. Critical path analysis. Indexes

STAE102: Business Statistics (12 credits)

This module consists of 56 single lectures (4 per week), 14 practicals (1 per week) and 28 tutorials (2 per week) during the second semester.

Pre-requisites: As per faculty requirements.

Content:

Data: Acquisition, management, patterns and summary measures. Probability: Basic probability concepts, random variables, expected value. Discrete probability distributions: Bernoulli, Binomial and Poisson. Continuous probability distributions: Uniform, Normal and Exponential. Statistical sampling. Point Estimation and the sampling distribution of the sample mean. Interval estimation of population mean. Statistical test for population mean, proportion and variance. Comparisons of two populations. Simple linear regression analysis. Time series analysis.

Statistical Methods in Behavioral Sciences

This semester course, WSA101, consists of two 40 minute lectures per week, 40 minutes of practical work per week and two 40 minute tutorials per week.

Content:

Elementary data analysis. Statistical measures: median, mean, range, mean deviation and standard deviation. The normal distribution. Normal probability paper and a graphical method to estimate the mean and standard deviation. An understanding of the implications of the law of large numbers and central limit theorem. Standard error and the errors of proportions and differences. Testing of statistical hypotheses, e.g., Student's t-test and Wilcoxon test for the one and two sample cases. Confidence Intervals. The chi-square test for goodness-of-fit. Basic concepts of correlation and simple regression.