ECONOMICS 207
Schedule and Course Outline
Fall 2001
Session
1
Week
8/27
Introduction
General Introduction
Collection of Data
Levels of Measurement (Nominal, Ordinal, Interval, Ratio)
Descriptive Statistics:
Organization of Data
Frequency Distributions
Presentation of Data
Chapters 1 and 2
Assignment: Chapter 1: 4, 6, 19.
2.
9/3
Chapter 2: 6, 10, 11, 23, 29
Descriptive Statistics (contd).
Measures of Location:
Mean, Median, Mode, Quartiles, Percentiles
Measures of Dispersion: Standard Deviation, Variance, Coefficient of Variation
Some Uses of Mean and Standard Deviation:
Assignment: Chapter 3: 8, 10, 13, 23, 30, 33, 48, 55, 58
3
9/10
Descriptive Statistics (contd).
Correlation Analysis: Covariance, Correlation Coefficient
Introduction to Probability
Definition of Various Terms and Counting Rules
Events and Their Probabilities
Marginal Probabilities
Joint Probabilities
Assignment: Chapter 4: 2, 3, 4, 15, 16, 18, 19, 22, 29, 30, 32, 33, 54
4
9/17
Introduction to Probability (contd).
Conditional Probabilities
Basic Rules of Probability Computations
Addition Rule
Multiplication Rule
5
9/24
Discrete Probability Distributions
Introduction to Probability Distributions
Random Variables Expected Value , and Variance
Discrete Probability Distributions
Binomial Distribution
Poisson Distribution
Assignment: Chapter 5: 1, 5, 7, 11, 13, 15, 20, 25, 31, 35, 38, 40, 4
6
10/01
Continuous Probability Distributions
Uniform Probability Distribution
Continuous Probability Distributions
Normal Distribution, t-distribution
Assignment: Chapter 6: 1, 4, 8, 9, 10, 20, 21, 23, 25
7
10/08
Sampling and Sampling Distributions
Sampling Methods
Simple Random samples
Sampling Distribution of Means
Central Limit Theorem
Sampling Distribution of Proportions
Point Estimators and their properties
Assignment: Chapter 7: 1, 6, 11, 16, 17, 18, 21, 27, 28, 30, 33, 35, 38, 42
Midterm Exam I (Up to and including chapter 6)
7
10/15
Interval Estimation
Interval Estimation of a Population Mean
Large Sample Case
Small Sample Case
Interval Estimation of a Population Proportion
Sample Size Determination
Assignment: Chapter 8: 1, 8, 10, 13, 15, 17, 29, 31, 38, 45,52
8
10/22
Hypothesis Testing
Introduction
Developing Null and Alternative Hypotheses
Type I and Type II Errors
One-Tailed and Two Tailed Hypothesis Tests of One Population Mean
Hypothesis Tests about Population proportions
Going Over Selected problems:
Assignment: Chapter 9: 2, 5, 8, 10, 15, 20, 27, 29, 39, 44
9
10/29
Inferences about Two Population Means and Proportions
One-Tailed and Two Tailed Hypothesis Tests of Two Population Means
One-Tailed and Two Tailed Hypothesis Tests of One Population proportion
One-Tailed and Two Tailed Hypothesis Tests of Two Population proportions
Assignment: Chapter 10: 1, 7, 12, 16, 30
10
11/05
Tests Using Categorical Data: Chisquare tests
Introduction to Chi-Square Distribution and Its Applications
Goodness of Fit
Midterm Exam II (Chapters 7 through 10)
11
11/12
Tests Using Categorical Data: Chi-square tests(Contd)
Contingency Tables
Going Over Selected problems
Assignment Chapter 12: 1, 5, 8, 11, 18
Analysis of Variance
Assumptions and Conceptual Overview
Testing the Equality of k-Population Means
One Way Analysis of Variance
12
11/19
Analysis of Variance (cntd)
ANOVA Table and the F Test
Assignment Chapter 13: 1, 6, 19, 21, 23, 24
Simple Linear Regression
The Regression Model and Its Assumptions
The Least Square Method
13
11/26
Simple Linear Regression (cntd)
The Coefficient of Determination
Testing for Significance: t-test and F-test
Estimation and Prediction
14
11/27
Simple Linear Regression (cntd)
Residual Analysis to Test the Model Assumptions
Testing significance of Correlation coefficient
Assignment Chapter 14: 1, 2, 9, 15, 16, 23, 24, 34
15
12/ 3
16
12/10
Introduction to Multiple Regression
Final Exam