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Introduction

This course gives an introduction to basic probability and basic classic statistics. Probability is a tool used in many contexts that student will encounter later in their studies and working lives. Methods from probability are used to analyze risk and uncertainty in finance and economics. In this course, the probability is used for statistics. The course gives a short introduction to basic descriptive statistics. In addition, a thorough introduction is given to classic statistical inference, methods that are used to describe uncertainty in the conclusions from statistical analyses. As part of the classical statistics, an introduction to regression analysis is also included in the course.

Please note!

Due to the Corona situation, BI Norwegian Business School has decided that the exam in this course will be changed in the spring of 2020. The course this spring will be evaluated with a home exam which counts 100%. This will be assessed as pass / fail. No one will get a letter grade.

All students who have registered for the exam in this course in spring 2020 will be registered for this new course and exam code. This also applies to re-sit students.

Re-sit students who prefer to re-sit for the original exam codes, will be able to do so in the fall of 2020, provided the Corona situation is under control. The spring exam will not count as an exam attempt, and will also be free of charge for students. No continuation exam will be offered for this spring's home exam.

Course content

  • Probability calculus
  • Random variables
  • Standard probability models
  • Descriptive statistics
  • Estimation and hypothesis testing
  • Analysis of the relationship between variables

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.