Course - Statistics for Business - MET1002
MET1002 - Statistics for Business
About
Examination arrangement
Examination arrangement: School exam
Grade: Letter grades
| Evaluation | Weighting | Duration | Grade deviation | Examination aids |
|---|---|---|---|---|
| School exam | 100/100 | 4 hours | D |
Course content
- Descriptive statistics: Location measures, variance measures
- Probability calculations and combinatorics: The concept of probability, probability models, conditional probability
- Discrete stochastic variables: Calculation of expectation/variance/covariance, binomial distribution, hypergeometric distribution, poisson distribution
- Continuous stochastic variables: Normal distribution, exponential distribution, approximations to the normal distribution, linear combinations
- Estimation: Point estimation, interval estimation, properties of estimators, valuation of sample size
- Hypothesis testing: Hypothesis testing in measurement models (z-test and t-tests), hypothesis testing using normal approximation, chi-square tests, p-value, test strength.
- Linear correlation and regression: Least squares method, intervall estimation, hypothesis testing, prediction.
- Use of computer tools
Learning outcome
Knowledge. The candidate should
- have the necessary methodical foundation in probability calculus and statistics for other subjects in the study programme.
- be able to connect the use of statistical methods to problems related to the economics-administrative area.
Skills. The candidate should
- have a basic understanding of the probability concept, be able to do probability calculations, and calculations using probability distributions.
- be able to estimate, and calculate confidence intervals for, unknown parameters.
- be able to choose and use the appropriate hypothesis test.
- be able to use and interpret linear regression models.
Competence. The candidate should
- be able to use statistics to express, analyze, and communicate economic relationships.
- have a statistical understanding that can form the basis for further studies and lifelong learning.
Learning methods and activities
Lectures and exercises. Assignments must be passed to gain entry to the exam.
Compulsory assignments
- Obligatorisk skriftlig innlevering
Further on evaluation
Supporting material allowed on exams:
- Approved calculator regarding NTNUs support material code B-D "specific basic calculator".
- Other calculators that are allowed in the course are: Casio FC-100V and Texas Instruments - BAII Plus.
This course is only available for students with admission to Business Administration (BØA) in Trondheim. See Specific Conditions for more details.
Specific conditions
Admission to a programme of study is required:
Business Administration (BØA)
Business Administration (ÅØKADM)
Economics and Business Administration (MSIVØK5)
Recommended previous knowledge
An introductory course in mathematics.
Required previous knowledge
None.
Course materials
To be announced at the beginning of the semester.
Credit reductions
| Course code | Reduction | From | To |
|---|---|---|---|
| ME120 | 6.0 | SPRING 2005 | |
| ME120 | 6.0 | SPRING 2005 | |
| MET8001 | 7.5 | SPRING 2006 | |
| TMA4240 | 7.5 | SPRING 2017 | |
| TMA4245 | 7.5 | SPRING 2017 | |
| ST0103 | 7.5 | AUTUMN 2019 | |
| SØK1004 | 5.0 | AUTUMN 2019 | |
| REA1131 | 5.0 | AUTUMN 2019 | |
| ST1101 | 7.5 | AUTUMN 2019 | |
| AR100219 | 7.5 | AUTUMN 2019 | |
| REA1154 | 7.5 | AUTUMN 2019 | |
| REA1154F | 7.5 | AUTUMN 2022 |
No
Version: A
Credits:
7.5 SP
Study level: Foundation courses, level I
Term no.: 1
Teaching semester: SPRING 2024
Language of instruction: Norwegian
Location: Trondheim
- Statistics
- Economics and Administration
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Spring ORD School exam 100/100 D 2024-05-21 09:00 INSPERA
-
Room Building Number of candidates SL210 Sluppenvegen 14 51 SL111 blå sone Sluppenvegen 14 36 SL111 orange sone Sluppenvegen 14 60 SL111 brun sone Sluppenvegen 14 81 SL111 grønn sone Sluppenvegen 14 50 SL111 lyseblå sone Sluppenvegen 14 72 - Summer UTS School exam 100/100 D INSPERA
-
Room Building Number of candidates
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"