CXC Math Grade III or O' Level Math Grade C or EC08A, or A\'Level Maths and EC14C (co requisite) Kelly-Ann Dixon 876 512-3017

ECON1005 : Introductory Statistics

Course Outline I.     Descriptive Statistics   (Mann, Chapters 1, 2, 3)    Summarise and describe data    Graphical methods of presentation    Cross-sectional and time series data    Frequency distributions    Measures of central tendency (including weighted average)    Measures of variability    Measure of shape II.     Scientific Research Methods     Overview of the Scientific Method     The Research Process     Theory versus fact     Hypotheses and propositions     Data classification: primary and secondary data     Methods of data collection – observation, questionnaire, interviews     Measurement and scaling concepts: nominal, ordinal, interval and ratio scales     Questionnaires: design, administration and budgeting     General principles of survey design     Advantages of using sample surveys     Probability and non-probability samples     Sampling and non-sampling errors     Simple random samples, quota samples, stratified samples and cluster samples.  III.     Probability and Probability Distributions   (Mann, Chapters 4, 5, 6)     Sample space     Events and events composition     Probability of events     Mutually exclusive, conditional and independent events and probabilities     Random variables     Expectation of discrete random variables    The binomial and normal distributions – some applications in statistics IV.    Introduction to Inferential Statistics   (Mann, Chapters 7, 8, 9)      Sampling distributions     Central limit theorem     The sample mean and sample proportion as random variables     Sampling distributions of the mean and proportion     Constructing interval estimates for the population mean and proportion     Calculation of sample size     Significance tests concerning the population mean and proportion Prescribed Texts Prescribed Text: Mann, Prem S. Introductory Statistics. John Wiley & Sons Inc: Sixth Edition (Text and Student Solutions Manual) Highly Recommended: Spiegel, Murray R. Statistics . Schaum’s Outline Series. McGraw-Hill (Latest Edition). Zikmund, William G. Business Research Methods. The Dryden Press, HBJ (International Edition). Bailey and Reader. Methods of Social Research. Latest Edition. Lindley, Dennis V. & Scott, William F.New Cambridge Statistical Tables, Cambridge University Press, Second Edition Course Assessment Quizzes: 20% Mid-semester examination (Multiple Choice): 30% Final Examination: 50%