Statistics

This course provides a comprehensive introduction to the fundamental principles of statistics and their application in the realms of business and finance. The course begins by exploring the role of statistics in business management and the concept of uncertainty. Descriptive statistics, including measures of central tendency, variation, and shape, are covered in detail, along with techniques such as the five-number summary and box-and-whiskers plots. Students will learn about probability theory, including probability spaces, events, and various definitions of probability. The course covers the fundamental principles of probability distributions, both discrete and continuous. Additionally, students will gain an understanding of statistical estimation, including unbiasedness, efficiency, consistency, and confidence intervals for population parameters such as mean and proportion.