Credit Weight: 0.5 Prerequisite(s): Economics 2115 Description: 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. Offering: 3-0; or 3-0 Notes: May not be taken as Business 1066.
