ECMZ205 Statistics I

6 ECTS - 3-0 Duration (T+A)- 3. Semester- 3 National Credit

Information

Code ECMZ205
Name Statistics I
Semester 3. Semester
Duration (T+A) 3-0 (T-A) (17 Week)
ECTS 6 ECTS
National Credit 3 National Credit
Teaching Language İngilizce
Level Lisans Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. HÜSEYİN GÜLER


Course Goal

In this course, it is aimed to bring the fundamental knowledge and skills about analyzing and interpreting data with graphs and descriptive statistics and in addition to that bring knowledge about random variables and some common distributions.

Course Content

The course content covers the importance of data analysis, how to analyze data and how to interpret the results of analysis, basic probability concepts, random variables and their usage in real life, some common discrete (Bernoulli, Binomial, Poisson, etc.) and continuous (normal and standard normal) random variables.

Course Precondition

None

Resources

Statistics for Business and Economics, Eighth Edition by Paul Newbold, William L. Carlson, and Betty Thorne, 2013

Notes

Introductory Statistics for Business and Economics, 4th Edition by Thomas H. Wonnacott, and Ronald J. Wonnacott


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Defines the importance of Statistics in Social Sciences
LO02 Analyzes data using graphical methods
LO03 Describes data using numerical measures
LO04 Interprets results of the analysis
LO05 Describes the definition of probability and its usage in real life
LO06 Describes random variables
LO07 Analyzes random variables
LO08 Defines the difference between discrete and continuous random variables
LO09 Differenciates common discrete and continuous variables
LO10 Explains properties of discrete and contionus distributions


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy
PLO02 Bilgi - Kuramsal, Olgusal Define the role of pricing within the event advantage of the market economy
PLO03 Bilgi - Kuramsal, Olgusal Define the role of the state in economy, money and financial policies, the central bank and the structure of the market
PLO04 Bilgi - Kuramsal, Olgusal Perceive the costs and benefits arising from the global economy
PLO05 Bilgi - Kuramsal, Olgusal Produce nymerical and policy options when confronted with problems 3
PLO06 Bilgi - Kuramsal, Olgusal Use quantitative and qualitative techniques of model building, decoding and interpretation 5
PLO07 Bilgi - Kuramsal, Olgusal Use the theory of economics in the analysis of economic events
PLO08 Bilgi - Kuramsal, Olgusal Use computer programs, do synthesis and present prepared data efficiently 1
PLO09 Bilgi - Kuramsal, Olgusal Apply the methods of economic analysis.
PLO10 Bilgi - Kuramsal, Olgusal Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems
PLO11 Bilgi - Kuramsal, Olgusal Take responsibility individually and/or in a team, take leadership and work effectively
PLO12 Beceriler - Bilişsel, Uygulamalı Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself
PLO13 Beceriler - Bilişsel, Uygulamalı Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively
PLO14 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Use Turkish and at least one foreign language in accordance with the requirements of academic and work life
PLO15 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language
PLO16 Yetkinlikler - Öğrenme Yetkinliği Question traditional approaches, practices and methods.
PLO17 Yetkinlikler - Öğrenme Yetkinliği Recognize and apply social, scientific and professional ethical values.


Week Plan

Week Topic Preparation Methods
1 Statistics and some fundamental definitions Textbook - Chapter 1 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama
2 Frequency distributions and graphs - 1 Textbook - Chapter 1 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Problem Çözme
3 Frequency distributions and graphs - 2 Textbook - Chapter 1 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Problem Çözme
4 Central tendency measures (Mean, median and mode) Textbook - Chapter 2 Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama
5 Central tendency measures (Harmonic and geometric mean and comparison of central tendency measures) Textbook - Chapter 2 Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama
6 Central tendency measures (Mean, median, and mode for grouped data) Textbook - Chapter 2 Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama, Problem Çözme
7 Measures of dispersion (Range, mean absolute deviation, variance and standard deviation, coefficient of variation) Textbook - Chapter 2 Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama
8 Mid-Term Exam General review for the midterm exam Ölçme Yöntemleri:
Yazılı Sınav
9 Some probability concepts - 1 Textbook - Chapter 3 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Örnek Olay
10 Some probability concepts - 2 Textbook - Chapter 3 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Örnek Olay, Problem Çözme
11 Random variables (Discrete random variables and their expected value and variance) Textbook - Chapter 4 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Örnek Olay, Problem Çözme
12 Random variables (Continuous random variables and their expected value and variance) Textbook - Chapter 4 Öğretim Yöntemleri:
Anlatım, Soru-Cevap, Alıştırma ve Uygulama, Problem Çözme
13 Some common discrete distributions (Bernoulli, Binomial, Geometric) Textbook - Chapter 4 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Benzetim, Problem Çözme
14 Some common discrete distributions (Poisson, Uniform) Textbook - Chapter 4 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Benzetim, Problem Çözme
15 Some common continuous distributions (Normal and standard normal, Normal approximation to Binomial distribution, Exponential distribution) Textbook - Chapter 5 Öğretim Yöntemleri:
Anlatım, Alıştırma ve Uygulama, Problem Çözme
16 Term Exams General review for the final exam Ölçme Yöntemleri:
Yazılı Sınav
17 Term Exams General review for the final exam Ölçme Yöntemleri:
Yazılı Sınav


Student Workload - ECTS

Works Number Time (Hour) Workload (Hour)
Course Related Works
Class Time (Exam weeks are excluded) 14 3 42
Out of Class Study (Preliminary Work, Practice) 14 5 70
Assesment Related Works
Homeworks, Projects, Others 0 0 0
Mid-term Exams (Written, Oral, etc.) 1 15 15
Final Exam 1 30 30
Total Workload (Hour) 157
Total Workload / 25 (h) 6,28
ECTS 6 ECTS