Statistical Methods I

Teaching results

After successful completion of this class, students will be able to make elementary statistical analyses based on descriptive statistics and statistical inference and will be able to interpret the results of these analyses correctly.

In particular, students will acquire the following abilities:
− Students will acquire knowledge about the descriptive statistics through which they will be able to describe properties of the statistical dataset.
− Students will acquire knowledge about the the theoretical distributions of statistical variables and about the principles of statistical inference.
− They will get acquainted with the principle of the one-way ANOVA and will acquire knowledge to verify the assumptions of ANOVA.
Students will acquire in particular the following skills:
− Students will be able to perform calculations for the relevant statistical procedures (descriptive statistics, statistical inference), both by their own calculations as well as with the use of a statistical software (e.g. SAS, Statgraphics).
− Students will learn to adequately interpret the results.
Students will acquire the following competencies:
− Students will be able to use the above stated knowledge and skills in solving practical tasks from economic practice.