ST107 Half Unit
Quantitative Methods (Statistics)
This information is for the 2012/13 session.
BSc Accounting and Finance, BSc Environmental Policy, BSc Government and Economics, BSc Geography with Economics, BSc Environmental Policy with Economics, BSc Human Resource Management and Employment Relations, BSc Management, BSc Management Sciences, BSc Philosophy and Economics and BSc Social Policy and Economics. Accessible to students who have performed well at a slightly lower level and are proficient in basic calculus. Available to General Course students and as an outside option. This course cannot be taken with ST102 Elementary Statistical Theory or ST103 Statistical Methods for Social Research.
A-level Mathematics or equivalent.
The elementary statistical tools necessary for further study in management and economics with an emphasis on the applicability of the methods to management and economic problems.
An introduction to statistical concepts. Centre and spread of a distribution. Probability, conditional probability. The Binomial, Poisson and Normal distributions. Covariance and linear combinations of random variables. Random sampling, sampling distributions. Efficiency, biased and unbiased estimators. Confidence intervals for means and proportions, and difference in means and proportions, the Student's 't' distribution. Hypothesis tests, power and p-value.
Correlation and Regression. Fitting a line, least squares estimation. Sampling variability of the estimates. Confidence intervals and tests. Predicting response variable, p-value.
Lectures ST107: 20 LT, 3 ST.
Classes ST107.A: nine LT, one ST weekly.
Weekly example sheets will be set and students are expected to submit solutions to the class teacher each week.
All course materials made available via Moodle, including notes to accompany the lectures, but this can be supplemented with additional background reading. Recommended supplementary text is:
Newbold, P., W.L. Carlson and B.M. Thorne Statistics for Business and Economics. (London: Prentice-Hall, 2009) seventh edition.
Two-hour written examination in the ST.