Statistics is the science of analyzing data; the use of statistics is ubiquitous in science, engineering, medicine and epidemiology, marketing, and many other application areas. Probability theory ...

Collecting data; summarizing and displaying data; drawing conclusions and making decisions using data; probability background, confidence intervals, hypotheses tests, regression, correlation. Not open ...

The aim of this unit is to enable the students to understand the required theoretical basis and technical skills to feel comfortable with basic probability and statistics aimed at decision making for ...

Learn how prior probability informs economic theory and decision-making in Bayesian statistics. Understand its role before collecting new data.