Introduction to Statistics

4 Credits.

In order to understand and evaluate risk and uncertainty it is essential to have a strong command of basic statistical concepts and techniques. This course is designed to furnish students with the fundamental tools of statistical analysis, including analysis of descriptive statistics, probability distributions, statistical inference and related tests, correlation and conditional expectation. In addition to providing familiarity with statistical principles, the course will also include an introduction to basic statistical software packages, namely STATA and advanced tools in Excel. It is a required course for quantitative approaches to risk assessment.