Introduction to Statistics

Introduction to Statistics (3 hrs)

  • Basic Concepts of Statistics
    • Definition, Classification, Characteristics of statistics
    • Population and sample
  • Descriptive Statistics
    • Central tendency, Mean, Median, Mode
    • Measures of location, Quartiles, Percentiles, Deciles
    • Measures of variability or dispersion
      • Range , Special range, Quartile deviation
      • Mean deviation
      • Variance and standard deviation
      • Relative measures of dispersion
    • Shape characteristics of a distribution, Skewness, Kurtosis
    • Data Exploration with Graphical Means
      • Bar diagram, Pie chart, Histogram, Scatter diagram
      • Line diagram

Probability Concepts (4 hrs)

  • Random Phenomenon and Related Concepts
  • Interpretations and Laws of Probability
    • Interpretations of probability
    • Laws of probability
  • Probability Theorems
    • Total probability theorem
    • Bayes' theorem
  • Probability Distribution Functions
    • Univariate and Bivariate distribution function
  • Marginal, Conditional and Derived Distributions
    • Marginal distribution
    • Conditional distribution
    • Derived distribution

Properties of Random Variables (3 hrs)

  • Introduction to Estimation Theory
  • Properties of Parameter Estimator
  • Methods of Parameter Estimation
    • Method of moments
    • Method of maximum likelihood

Probability Distributions and Their Application (6 hrs)

  • Discrete Distributions
    • Binomial, Poisson, Hypergeometric, Exponential ,Gamma distribution
    • Multinomial distribution
  • Continuos Distributions
    • Normal distribution
    • Uniform/Rectangular Exponentia, Erlangian, Weibull, Cauchy distribution
    • Beta distribution
    • Lognormal distribution
    • Pareto distribution
  • Synthesized Distributions, Mixed Gaussian

Correlation and Regression (5 hrs)

  • Correlation and Partial Correlation
    • Correlation
    • Partial correlation
  • Simple Linear Regression
    • Partitioning the sum of squares in simple regression
    • Coefficient of determination
    • Testing a hypothesis and making an inference concerning
    • Confidence interval for a mean value of Y given a value
    • Prediction interval for a new individual value given a value
  • Multiple Linear Regression
  • Regression Diagnostics
  • Issues of Multicollinearity