SMF2251
Statistics and basic economics
Last taught 2020
Spring
Gjøvik
Norwegian
About this course
Content
Statistics (50%)
Descriptive statistics
Probability: Stochastic models,conditonal probability and independence, combinatorics.
Distributions: Expected values, variance and standard deviation. Correlation.
Normal. Binomial, Poisson and Exponential distribution.
Statistical methods: Interval estimation and Testing of hypothesis in Normal. Binomial, Poisson and Exponential distribution in 1 and 2 variables and linear regression.
Economics (50%)
:
Company costs and income
Profit analysis
Product selection
Investment analysis
Planning and budgeting
Sustainability
Learning outcomes
Demonstrate a basic knowledge and skills in the economic activity of a company.
Be able to carry out costs- and income calculations.
Make product- and investment calculations, planning and budgeting.
Find profitable solutions to economic problems within a company.
Understand the relevance of probability and statistics in economy and engineering problem solving.
Maintain a basic toolbox in statistics for use in further courses and work.
Teaching methods
Forelesninger|Oppgaveløsning
Obligatoriske arbeidskrav:
Exercises in Statistics (70 % must be approved).
Exercises in Economics (3 out of 4 must be approved).