EBQ2024 [Ver.

2] Statistics for Economics and Business Faculty of Economics and Business, UNIMAS

COURSE TITLE STATISTICS FOR ECONOMICS AND BUSINESS

(Statistik Untuk Ekonomi dan Perniagaan)

COURSE CODE EBQ2024

CREDIT 4

PREREQUISITE/S N/A

SYNOPSIS This course introduces students to the basic concepts of statistics and
statistical methods.The main focus of this course is on how to
assemble, keep, analyse and interpret economics and business
information and data for decisions making process. Among the topics
covered are descriptive and inferential statistics, describing data,
discrete and continuous probability distributions, sampling methods,
estimation, hypothesis testing, Chi-Square test, analysis of variance,
simple linear regression, multiple regression and correlation.

(Kursus in memperkenalkan para pelajar kepada konsep-konsep asas

statistik dan kaedah-kaedahnya. Tumpuan utama ialah bagaimana
untuk mengumpul, menyimpan, menganalisis dan menafsir
maklumat-maklumat dan data-data perniagaan dan ekonomi bagi
membuat sesuatu keputusan. Tajuk-tajuk yang dibincangkan adalah
statistik diskriptif dan inferen, penyusunan dan pameran data,
kebarangkalian diksrit dan selanjar, inferen pensampelan, taburan
pensampelan, penganggaran, pengujian hipotesis, ujian kuasa dua
Chi, analisis varians, regresi linear mudah, korelasi dan regresi
berbilang.)

LEARNING By the end of this course, students will be able to:

OUTCOMES o describe data using suitable techniques studied in this course;
o apply suitable statistical methods in data analysis;
o interpret and make statistical inference based on statistical
results.
o performing hypothesis testing in solving economic and
business problems;

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EBQ2024 [Ver.2] Statistics for Economics and Business Faculty of Economics and Business, UNIMAS

STUDENT Guided LHs Self LHs

LEARNING Lectures 30 42
HOURS Tutorials 8 16
Laboratories/Practical 6 12
Student-Centered Learning 3 12
Continuous Assessment 4 12
Final Examination/Assessment 3 12
Sub-Total 54 106
Total 160 Hours

LEARNING Guided LHs

UNITS 1. Data and Statistics 3
-statistics
-applications in business and economics
-data
-data sources
-descriptive statistics
-inferential statistics

2. Data Presentation: summarizing categorical data 2

-frequency distribution
-relative frequency distribution
-percentage frequency distribution
-bar chart
-pie chart
-crosstabulations

3. Data Presentation: summarizing quantitative data 4

-frequency distribution
-relative frequency distribution
-percentage frequency distribution
-dot plot
-histogram
-ogive
-stem-and-leaves
-crosstabulations
-scatter diagrams

4. Numerical Measures I 4
-measures of Location
-measures of Variability

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EBQ2024 [Ver.2] Statistics for Economics and Business Faculty of Economics and Business, UNIMAS

-measures of Distribution Shape, Relative Location, and

Detecting Outliers

5. Numerical Measures II 2
-exploratory data analysis
-measures of association between two variables
-the weighted mean and working with grouped data

6. Introduction to Probability I 3
-Experiments, Counting Rules and Assigning
Probabilities
-Events and Their Probability

7. Introduction to Probability II 3
-Some Basic Relationships of Probability
-Conditional Probability
-Bayes? Theorem

8. Discrete Probability Distribution 3

-Binomial Probability Distribution
-Poisson Probability Distribution

9. Continuous Probability Distribution 3

-Normal Probability Distribution
-Exponential Probability Distribution

10. Hypothesis Testing 3

-Developing Null and Alternative Hypotheses
-Population Mean: sigma Known
-Population Mean: sigma Unknown
-Population Proportion
-Type I and Type II Errors

11. Inferences About Population Variances 3

-Inference about a Population Variance
-Inferences about Two Populations Variances

12. Tests of Goodness of Fit and Independence 3

-test for goodness of fit: a multinomial population
-test of independence

13. Simple linear regression 3

-simple linear regression model
-least squares method

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EBQ2024 [Ver.2] Statistics for Economics and Business Faculty of Economics and Business, UNIMAS

-coefficient of determination
-sample correlation coefficient
-test for individual significance

14. Multiple linear regression 3

-multiple linear regression model
-least squares method
-computer output
-interpreting the coefficients
-multiple coefficient of determination
-test for overall significance

Total 42

ASSESSMENT ASSIGNMENT 20 %
MID-SEM EXAM 25 %
CASE STUDY 15 %
FINAL EXAM 40 %
Total 100 %

REFERENCES 1. Anderson, D.R., Sweeney, D.J., and Williams, T.A. (2011).

Statistics for Business and Economics. 11th Edition.
South-Western Cengage Learning.

2. Doane, D.P. and Seward, L.E. (2010). Essential Statistics in

Business and Economics (2nd ed.). USA: McGraw-Hill.

3. Groebner, D. F., Shanon, P.W., Fry, P.C. and Smith, K.D.

(2010). Business Statistics: A Decision-Making Approach (7th
ed.). USA: Pearson.

4. Lind, D.A. and Marchal, W.G. (2010). Statistical Techniques

in Business (14th ed.). New York: McGraw Hill.

5. Lind, D.A., Marchal, W.G. and Wathen, S. (2008). Basic

Statistics for Business (5th ed.). New York: McGraw Hill.

Last updated: June 26, 2014, Thu, 4:14 PM

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