PROBABILITY & STATISTICS

This is an entry level course for social scientists. Students will learn Descriptive statistics, probability models and related concepts, sample surveys, estimates, confidence intervals, tests of significance, controlled experiments vs. observational studies, correlation and regression.

"1. To understand essential concepts on probability 2. To understand the numerical and graphical techniques of descriptive statistics 3. To understand the applications of statistical inferences based on a single sample 4. To understand the applications of statistical inferences based on two samples"

"1. At the beginning of each class I will check attendance. 2. Please do not walk in and out during the class time 3. Telephone call and SMS are strictly prohibited. In case of emergency, you can just ask my permission to do so outside. 4. If you miss a class, please take your responsibility in acquire materials and catch up with your friends. Certainly, you can visit my office to ask for clarifications."

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Statistics has a vast applications. In particular, forecasting (eg., for future sales, expected returns) is the most well-know application of statistics in business.