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Statistical Inference I - STA1502

Under Graduate Degree Semester module NQF level: 5 Credits: 12
Module presented in English
Co-requisite: STA1501
Purpose: To have a basic perspective of the role of the sampling distribution of the mean, a proportion and the difference between two means in statistical inference, interval estimation and hypothesis testing. Students will be able To estimate single and combinations of population parameters; understand one-way analysis of variance; apply parametric and nonparametric tests such as two Chi-squared tests and the Wilcoxon signed rank sum test. They will also be familiar with simple linear regression and correlation, as well as with the basics of time series analysis and forecasting. The contents of this module are relevant in a wide variety of applications in business and economics and represent a significant contribution to the development of the student as a statistics practitioner.