# MET 3431 Statistics

## MET 3431 Statistics

Course code:
MET 3431
Department:
Economics
Credits:
7.5
Course coordinator:
Ulf Henning Olsson
Einar Christopher Wellén
Course name in Norwegian:
Statistikk
Product category:
Bachelor
Portfolio:
Bachelor - Common Courses
Semester:
2022 Spring
Active status:
Active
Level of study:
Bachelor
Teaching language:
Norwegian
Course type:
One semester
Introduction

The course provides an introduction to statistical thinking. The student first learns how a sample can be collected and summarized, and how we use such summaries to interpret the data. Then we learn to generalize from the sample to the population. The student learns to construct confidence intervals and to perform hypothesis tests, and how these should be interpreted. The focus is on understanding concepts, and on interpreting results, with less focus on mathematical procedures. Through many examples from reality, the student should be able to see the relevance of and uses for statistics in marketing and economics. Use of statistical software is absolutely crucial.

Learning outcomes - Knowledge

During the course the students will:

• Acquire broad knowledge of the central statistical concepts and understand how statistical analysis takes place from data collection, through descriptive analysis to generalization to the population.
Examples of concepts which shall can be explained are sample, population, statistic, parameter, inference, margin of error, significance level, confidence level and probability distribution.
• Knowledge of the central limit theorem
• Knowledge of the limitations of statistical method.
Learning outcomes - Skills

After completing the course, students will be able to:

• Determine the level of measurement of variables, and be able to perform descriptive analysis based on a sample, with appropriate measures for central trend and variation and appropriate graphs.
• Describe the covariance between two variables.
• Interpret results of descriptive analysis.
• Calculate simple probabilities - especially using the normal distribution.
• Be able to construct and interpret the most commonly used confidence intervals, and perform key hypothesis tests.
•  Use statistical software and be able to interpret printouts from the software.
• Present the results of the analyzes in an easy-to-understand language.
General Competence
• The student should be aware that statistical methods may be easily misused and misinterpreted.
• To take into account anonymity and privacy when collecting data
Course content
• Collection of data
• Descriptive analysis of the sample
• Covariation
• Simple probability theory with focus on the normal distribution
• Confidence intervals for mean and proportion
• Hypothesis tests  for mean and proportion
• Simple correlation- and regressionanalysis
• Selected central tests, including the chi-square test for covariation between two categorical variables.
Teaching and learning activities

The course consists of 48 hours of lectures. The software SAS JMP will be a central part of the teaching.

In lectures, theory will be illustrated by using multiple data sets often in companion with SAS JMP.

It is mandatory work requirements where 4 of 6 work requirements must be passed to take the exam.

The final exam will be based on that the student has solved the coursework requirement  throughout the semester. A part of the final exam will be based directly on the excercises given in the mandatory work requirements.

E-learning
In course delivery as online courses, lecturer will, in collaboration with the student administration, organize an appropriate course implementation, combining different learning activities and digital elements on the learning platform. Online students are also offered a study guide that will contribute to progression and overview. Total recommended time spent for completing the course also applies here.

Software tools
SAS - JMP

Re-sit examination
Students that have not gotten approved the coursework requirements, must re-take the exercises during the next scheduled course.

Students that have not passed the written examination or who wish to improve their grade may re-take the examination in connection with the next scheduled examination.

Qualifications

Higher Education Entrance Qualification

### Covid-19

Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.

### Teaching

Information about what is taught on campus and other digital forms will be presented with the lecture plan before the start of the course each semester.

Required prerequisite knowledge

No specific prerequisites required.

Mandatory courseworkCourseworks givenCourseworks requiredComment coursework
Mandatory64In the course of the semester 6 mandatory assignments With software will be given. These are submitted on Itslearning. Each assignment is assessed as either pass or fail. The student needs at least 4 passes in order to take the final exam.
Mandatory coursework:
 Mandatory coursework: Mandatory Courseworks given: 6 Courseworks required: 4 Comment coursework: In the course of the semester 6 mandatory assignments With software will be given. These are submitted on Itslearning. Each assignment is assessed as either pass or fail. The student needs at least 4 passes in order to take the final exam.
Assessments
Assessments
Exam category:
Submission
Form of assessment:
Written submission
Invigilation
Weight:
100
Grouping:
Individual
Support materials:
• All printed and handwritten support materials
• BI-approved exam calculator
• Simple calculator
Duration:
5 Hour(s)
Exam code:
MET34311
ECTS
Resit:
Examination every semester
Type of Assessment:
Ordinary examination
Total weight:
100
ActivityDurationComment
Teaching
48 Hour(s)
Group work / Assignments
50 Hour(s)
Prepare for teaching
42 Hour(s)
Working with SAS JMP (or some statistical software)
Student's own work with learning resources
40 Hour(s)
Examination
20 Hour(s)
Exam incl. preparations.