Lahore University of Management Sciences

MATH 231- Statistics

Spring 2012-2013
Instructor
Room No.
Office Hours
Email
Telephone
Secretary/TA
TA Office Hours
Course URL (if any)

Muhammad Hanif Mian

Room 126 Academic Block
TBA
hanif@lums.edu.pk
042-35608016
Shazia Tabassum / TBA
TBA
TBA

Course Basics
Credit Hours
Lecture(s)
Recitation/Lab (per week)
Tutorial (per week)

4
Nbr of Lec(s) Per Week
Nbr of Lec(s) Per Week
Nbr of Lec(s) Per Week

Duration
Duration
Duration

100 minutes

Course Distribution
Core
Elective
Open for Student
Category
Close for Student
Category

Elective

Those who have not studied probability

COURSE DESCRIPTION
An introduction of Mathematics and Statistics is important for students who concentrate their studies in sciences. Maturity in
Statistical tools as commonly obtained through logical thinking and rigorous analysis is essential towards mastering fundamental
topics in Business and Management Studies.
This course covers fundamental statistical tools required for decision making purposes. After a brief review of elementary
probability theory essential for statistics, we teach the techniques for organizing and presenting the raw data. After this, simple
and multiple regression and correlation analysis will be studied. Basic idea of central limit theorem will naturally leads towards the
confidence intervals and hypothesis tests for mean and proportion. Tests of significance based upon Z, t, F and Chi Square will
be discussed. The concept of one way and two way Analysis of Variance will be given so that students do not feel any difficulty to
understand econometric course.

COURSE PREREQUISITE(S)
Math 230 Probability

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COURSE OBJECTIVES
At the end of course the student should be able to do the following

Convert raw data into presentable / meaningful form

Able to perform correlation and regression analysis

Able to apply appropriate test for decision making

Grading Breakup and Policy

Assignment(s):
Home Work:
Quiz(s): 30%
Class Participation:
Attendance:
Midterm Examination: 30%
Project:
Final Examination: 40%

Examination Detail
Midterm
Exam

Final Exam

Yes/No: Yes
Combine Separate: Separate
Duration: 90 minutes
Preferred Date:
Exam Specifications: Closed Book / Closed Notes /No Help Sheet / Calculator Allowed
Yes/No: Yes
Combine Separate: Separate
Duration: 2 Hours
Exam Specifications: Closed Book / Closed Notes /No Help Sheet / Calculator Allowed

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COURSE OVERVIEW
Session
1.

Topic

2.

3.

4.
5.
6.
7.

8.
9.
10.
11.

Random variable, Expectations

Revision of probability concepts including Binomial, Poisson and Normal
Distribution
Types of studies including Crosssectional, Cohort and Time Series studies
Odd Ratios and Relative Risks
Introduction to Statistics, Variables, different types of variables, Data and
its types
Numeric presentation of Quantitative and Qualitative variables: Frequency
Distribution
Graphic Presentation of Quantitative and Qualitative Variables: Charts and
Histograms
Basic Measures of Location: Mean, Median and mode
Basic Measures of Dispersion: Variance, Standard Deviation, Coefficient of
Variation
The Chebyshevs Result and its use
Simple Linear Regression
Simple and Rank Correlation and its use
The Multiple Linear Regression
The multiple Linear Regression (continued)

Multiple and Partial Correlations

Midterm

Introduction to Survey Sampling Concepts

Different Sampling Methods

Sampling Distribution of Sample Mean and variance
Application of Central Limit Theorem

12.
13.

14.

Recommended
Readings

Introduction to Inferential Statistics

Interval Estimation for Single Mean and Proportion
Interval Estimation for Two Means and Proportion
The Hypothesis Testing concepts
Testing of Hypothesis for Single Mean, Variance and Proportion
Testing of Hypothesis for Two Means, Variances and Proportions
Test of Correlation Coefficients and regression
Tests based upon distribution
Testing Goodness of Fit for Binomial and Poisson distributions
The one Way Analysis of Variance with applications
The two Way Analysis of Variance with applications

Textbook(s)/Supplementary Readings
Statistics, 3rd Edition by Freedman, Pissani and Purves