MATH 241_Probability and Statistics I _COs
MATH 241_Probability and Statistics I _COs
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Course outline_
Course Purpose
The purpose of this course unit is to enable learners to apply probability and statistics skills in management and
decision making.
i. Discuss the axioms of univariate probability distribution functions and their practical implications.
ii. Distinguish between different types of discrete and continuous random variables in data sets and solve
related problems
iii. Explore the impact of expectations on decision-making and statistical modeling.
iv. Construct and interpret confidence intervals for population parameters using sample data.
v. Relate hypothesis testing to real-world scenarios, such as medical trials or quality control.
vi. Appreciate the importance of probability distributions (normal, t-, and chi-square) in solving real-world
scientific research problems and decision-making.
Course Content
Random variable and probability distributions. Moments and moment generating functions. Statistical Independence
of random variables. Confidence intervals for population parameter. Special univariate distributions; discrete and
continuous cases. Expectations and variances of special univariate distributions. Approximations of univariate
distributions. Applications of univariate distributions. Probability distributions (normal, t-, and chi-square)
Course Assessment
CATs and Assignments 30%, Final examinations 70%, Total marks 100%
References
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Grami, A. (2019). Probability, random variables, statistics, and random processes: Fundamentals & applications.
John Wiley & Sons. ISBN: 9781119300816
Jafari, A., Nejatian, M., Momeniyan, V., Barsalani, F. R., & Tehrani, H. (2021). Mental health literacy and quality of
life in Iran: a cross-sectional study. BMC psychiatry, 21, 1-11. https://doi.org/10.1186/s12888-021-03507-5
Linde, W. (2024). Probability Theory: A first course in probability theory and statistics. Walter de Gruyter GmbH &
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Linde, W. (2024). Probability Theory: A first course in probability theory and statistics. Walter de Gruyter GmbH &
Co KG. e-ISBN (PDF). ISBN: 978-3-11-132506-04
Mishra, P., Singh, U., Pandey, C. M., Mishra, P., & Pandey, G. (2019). Application of student's t-test, analysis of
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https://doi.org/10.4103/aca.ACA_94_19
Roch, S. (2024). Modern discrete probability: An essential toolkit. Cambridge University Press.
https://doi.org/10.1017/9781009305129