ECON 209 - Probability and Statistics

Semester Offered: Fall and Spring
1 unit(s)

Probability and Statistics introduces basic probability theory, statistical analysis and its application in economics. The objective is to provide a solid, practical, and intuitive understanding of statistical analysis with emphasis on estimation, hypothesis testing, and linear regression. Additional topics include descriptive statistics, probability theory, random variables, sampling theory, statistical distributions, and an introduction to violations of the classical assumptions underlying the least-squares model. Students are introduced to the use of computers in statistical analysis. The department.

Prerequisite: ECON 100, ECON 101, or ECON 102; and one semester of college-level calculus.

NRO for Seniors Only.