ECON 2201 Lecture Notes - Lecture 1: Type I And Type Ii Errors, Gie, Central Limit Theorem
16 Feb 2017
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Document Summary
Sample vs population notation: greek vs roman. Formula and symbols especially for population and sample mean, variance, and standard deviation. All definitions of terms not to memorize but to understand. Bayes theorem and how to solve joint probability table, tree diagram, formula, or calculation table. Random variables and probability distributions how to derive and the properties and how to calculate mean and standard deviation in the general case. Binomial distribution properties, calculation, mean and standard deviation. Poisson distribution properties, calculation, mean and standard deviation. Hypergeometric distribution properties, calculation for 2 outcomes and general case. Be sure you can recognize which of the distributions to use in a problem clues: what are you given; what are you asked to find, etc. Properties of the normal distribution and how to find probabilities using the tables from z value to probability and from probability back to z value! Uniform distribution properties, calculation, mean and standard deviation.
