Intrential Statistics

Course Outline
Programe BS Accounting & Finance

Semester 4th
Course Title INFERENTIAL STATISTICS
Course Code STA250
Credit 45 (3 hour per week)
Hours
Course Description
The focus of the course is on the use and interpretation of statistical procedures used with quantitative methods
of research and evaluation. Topics covered include statistical analysis of measuring instruments (including
procedures for evaluating the reliability and validity of tests and surveys), descriptive statistics, measures of
variability and correlation, general linear models (including regression analysis, analysis of variance and
covariance), logistic regression, and introductions to multilevel modelling, factor analysis, and structural equation
modelling.
Course Objectives
1. Understand the related terminology about Inferential Statistics, and to understand the role of sampling theory
in estimation of population parameters and testing of hypotheses concerning parameters.
2. Provide with the background in different Estimation Methods of population Parameters on the basis of a
sample.
3. Develop an understanding about the set of rules that lead to a decision culminating in the acceptance or
rejection of some statement or hypothesis about the population.
4. Provide with the necessary skills and competencies in using computer statistical package to assist in performing
different inferential procedures required in a statistical analysis through practical application.
Learning Outcomes
Upon completion of this course, students are expected to be able to:
• Comprehend the content of and evaluate the quality of quantitative information
• Use appropriate vocabulary and notation of quantitative methods
• Analyse and solve quantitative problems using appropriate methods
• Interpret and explain solutions to quantitative problems
• Perform accurate mathematical operations appropriate to the discipline and/or the occupation
Course Contents
Week
Area Detail
No.
1&2 Review of Sampling  Introduction to Sampling Theory
Theory  Types of Sampling
 Sampling error
 Sampling Distribution of Sample Mean
 Properties of Sampling Distribution of Sample Mean
 Central Limit Theorem
 Using the Sampling Distribution of the Sample Mean
 Sampling Distribution of Sample Proportion
 Properties and Application
Point and Interval  Branches of Statistical Inference (Estimation and Testing of
Estimation Hypothesis)
 Need and Significance of Estimation and Type of Estimation
3 to 5 (Point and Interval Estimation)
 Confidence Interval Estimate for Mean and Proportion
 Finite Population Correction Factor
 Deciding the Sample Size
Testing of Hypothesis  Introduction
 Various types of Statistical Hypotheses
 Type-I Error, Type-II Error
 Probability of Type-I error
6&7
 One Tailed Tests of Significance
 Two Tailed Tests of Significance
 Level of Significance and Concept of P-value
 General Procedure for Testing Hypothesis
One-Sample Tests of  Assumptions
8
Significance  Tests of Significance for Population Mean and Proportion
Two-Sample Tests of  Assumptions
Significance  Tests of Significance for Two Population Means under various
assumptions
9 & 11
 Tests of Significance for Two Population Proportions under
various assumptions
 Tests of Significance for Two Population Variances
Chi-Square Tests:  Tests for Association of Attributes
12 & 13  Tests for Goodness of Fit (Uniform, Binomial, Poisson, Normal
Distributions)
Analysis of Variance  Testing Equality of More Than Two Means
14 & 15  One-Way Analysis of Variance
 Two-Way Analysis of Variance
Computer Competency:
To achieve the practical proficiency, the computer package MINITAB and in some way the EXCEL will provide the
computational assistance.
Recommended Texts:
1. Lind, D.A., W.G. Marchal, S.A. Wathen (2005), “Statistical Techniques in Business and Economics”.
2. Bowen, E.K., and M.K. Starr (2005), “Basic Statistics Business and Economics”.
Teaching Methods/Class Activities

Students should actively engage in the learning process and in putting concepts learnt into practice through
action learning, lectures, and readings learning modes:
A. LecturesClass sessions will involve lectures, video shows, case studies, assignments, quizzes, discussions
and debates, and presentations of related topics and current issues related to course contents.
B. ReadingsThis is the responsibility of all students. Students should read the relevant chapters of the
textbook, materials, and information on indicated websites before class. They should be prepared to raise
questions and arguments in class on related topics in the class schedule.
STUDENT EVALUATIONS & GRADES

TheBreak up of marks and final grade is based Final Grade Grade Mark
upon:
Mid-Term Exam 30% A+ 90-100
Final Exam 50% A 80-89
Sessionals 20% B+ 75-79
Total 100% B 70-74
B 65-69
C+ 60-64
C 50-59
F Below 50

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Course Outline

Programe BS Accounting & Finance

Teaching Methods/Class Activities

STUDENT EVALUATIONS & GRADES

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