Syllabus

Course Code: CC-8 IN-ECO-403    Course Name: Statistics for Economics-II

MODULE NO / UNIT COURSE SYLLABUS CONTENTS OF MODULE NOTES
1 (i-a)
Probability-Basic Concepts, Definitions-Classical and Statistical Definition, Theorems of Probability: Addition Theorem, Multiplication Theorem and Bay's Theorem
(i-b)
Probability Distribution: Binomial, Poisson and Normal Probability Distribution and their Properties
2 (ii-a)
Sampling and Sampling Distribution: Some Basic Concepts, Method of Sampling- Census and Sample Method, Sampling and Non Sampling Errors, Sampling Distribution
(ii-b)
Tests of Hypothesis: Large-Sample Tests- Basic Concepts of Hypothesis Testing and Small Sample Tests-t-test, Fisher’s Z-test and F-test.
3 (iii-a)
Chi-Square Test (iii-b)
Other Non-Parametric Tests-Sign Test, Wilcoxon Signed Rank Tests, Mann-Whitney U-test, Kruskal-Willis Test.
4 (iv-a)
Statistical Estimation Theory: Properties of Good Estimator, Applications of Point Estimation, Interval Estimation for Small Samples
(iv-b)
Statistical Decision theory: Elements of Decision Problem, Decision Criteria, Applications of Decision Making Under Risk and Decision Tree; Statistical Quality Control (S.Q.C.): meaning, Definition, advantages and Methods of S.Q.C., Control Chart, Types of Control Charts.
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