Bachelor's degree in Economics and Business (Verona)

Course partially running (all years except the first)

Statistics

Course code
4S00121
Name of lecturers
Marco Minozzo, Flavio Santi
Coordinator
Marco Minozzo
Number of ECTS credits allocated
9
Academic sector
SECS-S/01 - STATISTICS
Language of instruction
Italian
Site
VERONA
Period
primo semestre (lauree) dal Sep 28, 2020 al Dec 23, 2020.

Lesson timetable

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Learning outcomes

The course aims at providing the basic techniques of descriptive statistics, probability and statistical inference to undergraduate students in economic and business sciences. Prerequisite to the course is the mastering of a few basic mathematical concepts such as limit, derivative and integration at the level of an undergraduate introductory course in calculus. Overall, these techniques provide the necessary toolkit for quantitative analysis in processes related to the observation and understanding of collective phenomena. From a practical point of view, they are necessary for descriptive, interpretative and decision-making purposes when carrying out statistical studies related to economic and social phenomena. In addition to providing the necessary mathematical apparatus, the course aims at providing conceptual tools for a critical evaluation of the methodologies considered.

Syllabus

a) Descriptive statistics

• Data collection and classification; data types.
• Frequency distributions; histograms and charts.
• Measures of central tendency; arithmetic mean, geometric mean and harmonic mean; median; quartiles and percentiles.
• Fixed-base indices and chain indices; Laspayres and Paasche indices.
• Variability and measures of dispersion; variance and standard deviation; coefficient of variation.
• Moments; indices of skewness and kurtosis.
• Multivariate distributions; scatterplots; covariance; variance of the sum of more variables.
• Multivariate frequency distributions; conditional distributions; chi-squared index of dependence; index of association C; Simpson’s paradox.
• Method of least squares; least-squares regression line; Pearson’s coefficient of linear correlation r; Cauchy-Schwarz inequality; R-square coefficient; explained deviance and residual deviance.

b) Probability

• Random events; algebras and sigma-algebras; probability spaces and event trees; combinatorics.
• Conditional probability; independence; Bayes theorem.
• Discrete and continuous random variables; distribution function; expectation and variance; Markov and Chebyshev inequalities.
• Discrete uniform distributions; Bernoulli distribution; binomial distribution; Poisson distribution; geometric distribution.
• Continuous uniform distributions; normal distribution; exponential distribution.
• Multivariate discrete random variables; joint probability distribution; marginal and conditional probability distributions; independence; covariance; correlation coefficient.
• Linear combinations of random variables; average of independent random variables; sum of independent and Gaussian random variables.
• Weak law of large numbers; Bernoulli’s law of large numbers for relative frequencies; central limit theorem.

c) Inferential statistics

• Sample statistics and sampling distributions; chi-square distribution; Student-t distribution; Snedecors-F distribution.
• Point estimates and estimators; unbiasedness; efficiency; consistency; estimate of the mean, of a proportion and of a variance.
• Confidence intervals for a mean, for a proportion (large samples) and for a variance.
• Hypothesis testing; power and observed significance level; one and two tails tests for a mean, for a proportion (large samples) and for a variance; hypothesis testing for differences in two means, two proportions (large samples) and two variances.

SUPPORTING MATERIAL

Detailed indications, regarding the use of the textbook, will be given during the course. Supporting material (written records of the lessons, exercises with solutions, past exam papers with solutions, etc.) is available on the E-learning platform of the University.

TEACHING METHODS

Students are supposed to have acquired mathematical knowledge of basic concepts such as limit, derivative and integral.

Course load is equal to 84 hours. Exercise sessions are an integral part of the course and, together with the classes, they are essential to a proper understanding of the topics of the course. The working language is Italian. In addition to lessons and exercise hours, before each exam session there will be tutoring hours devoted to revision. More detailed information will be available during the course.

Reference books
Author Title Publisher Year ISBN Note
D. Giuliani, M. M. Dickson Analisi statistica con Excel Maggioli Editore 2015 8838789908 Reading list
M. R. Middleton Analisi statistica con Excel Apogeo, Milano 2004 Reading list
F. P. Borazzo, P. Perchinunno Analisi statistiche con Excel Pearson, Education 2007 Reading list
S. Bernstein, R. Bernstein Calcolo delle Probabilita', Collana Schaum's, numero 110. McGraw-Hill, Milano 2003 Reading list
A. Azzalini Inferenza Statistica: Una presentazione basata sul concetto di verosimiglianza (Edizione 2) Springer Verlag Italia 2001 9788847001305 Laurea in Matematica Applicata
E. Battistini Probabilità e statistica: un approccio interattivo con Excel McGraw-Hill, Milano 2004 Reading list
D. Piccolo Statistica Il Mulino 2000 8815075968 Reading list
S. Bernstein, R. Bernstein Statistica descrittiva, Collana Schaum's, numero 109 McGraw-Hill, Milano 2003 Reading list
S. Bernstein, R. Bernstein Statistica inferenziale, Collana Schaum's, numero 111. McGraw-Hill, Milano 2003 Reading list
D. Piccolo Statistica per le decisioni Il Mulino 2004 8815097708 Reading list
P. Klibanoff, A. Sandroni, B. Moselle, B. Saraniti Statistica per manager (Edizione 1) Egea 2010 9788823821347 Reading list
G. Cicchitelli, P. D'Urso, M. Minozzo Statistica: principi e metodi (Edizione 3) Pearson Italia, Milano 2018 9788891902788 Textbook
D. M. Levine, D. F. Stephan, K. A. Szabat Statistics for Managers Using Microsoft Excel, Global Edition (Edizione 7) Pearson 2014 0133061817 Reading list

Assessment methods and criteria

Due to the COVID-19 health emergency, teaching and examination methods will be available as soon as possible.



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