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2010/2011  BA-HAI_2STA  Statistics

English Title

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Mandatory
Level Bachelor
Duration One Quarter
Course Period Autumn
Time Table Please see course schedule at e-Campus
Study Board
Study Board for BSc in International Business
Course Coordinator
  • Christian Haxholdt - Department of Finance
  • Kirsten Tangaa Nielsen - Department of Finance
Main Category of the Course
  • Finance
Last updated on 29 maj 2012
Learning Objectives
The basic objective of this course is to familiarize the students with probability and statistical principles and take the students from theory to statistical applications through the use of case studies and assignments, and by emphasizing the scientific discipline of measurement construction. The student will acquire knowledge about what statistic and probability is and the different functions and elements of operations in international business firms. The students will expand their experience base by applying a variety of probability and statistical principles in the analysis and discussion of a number of theories, models and specific case studies.

At the completion of this course the students will be able to:

Identify key theories, models and concepts of probability and statistics.
Use graphical and numerical methods for exploring and summarizing data on a single categorical or quantitative variable.
Describe basic probability and how probability helps us understand randomness in our lives, as well as grasp the crucial concept of a sampling distribution and how it relates to inference methods.
Choose and justify appropriate descriptive and inferential methods for examining and analyzing data and drawing conclusions.
Analysis of the association between variables, categorical, discrete, and continuous, using contingency tables, correlation, regressions, and analysis of variance.
Communicate the conclusions of statistical analysis clearly and effectively, i.e identify connections between basic statistics and the real world.

To gain the highest grade in the exam, students must be able to fully recall basic probability and statistical models and concepts from the curriculum and present them in a comprehensive and well-argued way.
Marking Scale 7-step scale
Censorship No censorship
Exam Period December/January
4-hour written open book exam
Prerequisites for Attending the Exam
Course Content

The major goal of the statistics course is to produce statistically educated students which mean that students should develop statistical literacy and the ability to think and reason statistically.
Upon statistics depend the practical application of every other science; statistics only gives the results of experience. Emphasize is on interpretation and understanding of simple statistical methods as applied in business, economics, different types of companies or institutions and industries.

The topics of the curriculum are:
The basic laws of probability, and the most important probability distributions.
Descriptive statistics, both numerical and graphical.
Statistical inference; confidence intervals and significance tests about hypotheses.
Analysis of categorical variables using contingency tables.
Regression analysis; simple, multiple, covariance, logistic.
One-way and two-way analysis of variance.

Teaching Methods
Lectures and exercises.

Book: Agresti A., C. Franklin (2008): “Statistics: The Art and Science of Learning from Data”, Prentice Hall.
Notes: Christian Haxholdt C. (2009): “Introduction to Elementary Probability”.
Software Package: SAS.