Statistics and basic economics

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.

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.

Nettbasert Læring

Obligatoriske arbeidskrav:

Exercises in Statistics (70 % must be approved)

Exercises in Economics (3 out of 4 must be approved)