Thunder Bay • Orillia

Summary of Changes Made in This Calendar - Economic Statistics II

Economics 2117 Economic Statistics II
Extends the material covered in Economics 2115. Random variables. Probability distributions. The density function. Binomial, normal, and other distributions. Conditional distribution. Independence and covariance. Estimation and estimators. The principle of maximum likelihood. Hypothesis testing. Bivariate and multivariate regression and correlation. The least-squares method. The crucial role of assumptions. The application of statistics to economics is illustrated with lifelike problems throughout.
Credit Weight: 0.5
Prerequisite(s): Economics 2115
Offering: 3-0; or 3-0
Notes: May not be taken as Business 1076. Students who have previous credit for Business 1066 cannot take Business 1056/1076 for credit.
Course Classifications: Type B: Social Sciences