ECONOMICS Basic Statistics for Economics ( DSC ) SEM - II Chapter wise Notes

 




UNIT – I

 

Introduction and overview

Populations and samples; sample statistics; Descriptive Statistics.




UNIT – II

 

Basic concepts of probability

Spaces and events; probability concepts, conditional probabilities


 


UNIT – III

 

Probability distributions and Sampling

Random variables – discrete and continuous, various probability distributions - functions an characteristics; Commonly used distributions - uniform, binomial, exponential, Poisson,hypergeometric and Normal random variables. Jointly distributions- conditional distributions and expectations, covariance and correlation




Unit – IV

 

Estimation and Hypothesis testing

Estimation of population parameters - methods of moments and maximum likelihood procedures; properties of estimators; confidence intervals; Defining statistical hypotheses; distributions of test statistics; testing hypotheses related to population parameters; Type I and Type II errors; power of a test

 



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