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ECON1203 Notes

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Complete original set of notes for ECON1203 - a compulsory course at UNSW. Acquired a mark of 83 in the course

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139 Pages Complete Study Notes > 2 Years old
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Topics this document covers:
Statistics Statistical inference Confidence interval Standard error Variance Normal distribution Estimator Statistical power Null hypothesis Statistic Prediction interval T-statistic
This is a Complete Set of Study Notes

Complete Study Notes typically cover at least half a semester’s content or several topics in greater depth. They are typically greater than 20 pages in length and go into more detail when covering topics.

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Topics this document covers:
Statistics Statistical inference Confidence interval Standard error Variance Normal distribution Estimator Statistical power Null hypothesis Statistic Prediction interval T-statistic
Sample Text:
g. using graphical techniques (visual allows easier extraction of info) or numerical techniques (finding the mean) o The measure of central location is a value that attempts to describe a set of data by identifying the central position within that set of data, e.g. the mean, median, mode, etc. o The measure of variability is a mathematical determination of how much the performance of the data set as a whole deviates from the mean or median, e.g. the range, standard deviation, interquartile range, variance, etc. Inferential statistics is a body of methods used to draw conclusions or inferences about characteristics of populations based on sample data – it involves three key concepts: the population, the sample, and the statistical inference o A population is...
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