ETC2520 · Monash University
Probability and statistical inference for economics and business
- Credit points
- 6
- Level
- 2
- Workload
- ≈ 12 h / week
- Faculty
- Business and Economics
What it covers
An introduction to probability and statistical inference for use in economics and business. Topics covered include random variables, moments and cumulants generating function, discrete and continuous distributions, independence, jointly distributed random variables, conditional random variables, the central limit theorem, sampling distribution, properties of estimators, confidence intervals, tests of hypotheses.
Assessment
| Task | Type | Weight |
|---|---|---|
| 2 - Examination | Examination | 60% |
| 1 - Quiz / Test | Quiz / Test | 40% |
When and where
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Clayton | Blended |