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Econ 205 - Roadmap

Econ 205 - Roadmap. Focus Midterm 1. Focus Final. Focus Midterm 2. Intro Chapter 1: Population vs. sample Parameters vs. statistics. Discrete distribution Chapter 5 : Random variable E[X], V[X] & Laws of expectation. Hypothesis testing Chapter 9: Testing parameters: mu and pi

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Econ 205 - Roadmap

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  1. Econ 205 - Roadmap Focus Midterm 1 Focus Final Focus Midterm 2 • Intro • Chapter 1: • Population vs. sample • Parameters vs. statistics • Discrete distribution • Chapter 5: • Random variable • E[X], V[X] & Laws of expectation • Hypothesis testing • Chapter 9: • Testing parameters: mu and pi • Left tailed, right tailed, two-tailed • Rejection regions approach • P-values • Levels of significance: *, **, *** • Type I and Type II errors • Graphs • Chapter 2: • Bar/Pie charts • Histogram: Data Analysis Toolpack! • Continuous distributions • Chapter 6: • Density functions • Uniform distribution • Normal distribution: = norm.s.dist • T-distribution: = t.dist • Two sample tests • Chapter 10: • Compare mean across two populations • T-test • Descriptive Stats • Chapter 3: • Central tendency • Variability • Relative standing • 2 variable stats • Central limit theorem • Chapter 7: • Linear regression • Chapters 13-14: • Least squares lines: scatterplot • Data analysis Toolpack • Multivariate regression • Dummy variables: 0/1 • Regression Diagnostics • Basic probability • Chapter 4: • Marginal prob. • Conditional prob. • Laws of prob. • Estimation • Chapter 8: • Point estimators • Confidence intervals • Levels of confidence: Towson University - J. Jung

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