Course Description
This course aims to provide students with an your voiced observations are valuable, neither
understanding of data and descriptive statistics,
applying probability concepts.
Particular attention is given to improve
students' preliminary understandings to
conduct effective research and forecasting. The
formulation of a sound theoretical and practical
basis via the case-study method constitutes the
focal point of the course to facilitate the
attainment of individual quantitative research
skills.
International School of Economics
Grading
20 points - Seminar and/or quiz; 30 points -
Midterm; 50 points - Final.
Probability Theory and Mathematical Statistics
Primary Material
Course Syllabus - Spring 2023/2024
Newbold, P. (2022). Statistics for Business and
Economics, 10th ed. Pearson Education Limited,
Instructor:,Gunel Huseynova
Essex.
Contact: gunelhuseynovash@gmail.com
Secondary Material
“A First Course in Probability” by Sheldon M.
Ross, Seventh Edition, 576 pages Published May
28th 2005 by Prentice Hall
Attendance
For lectures and seminars regular class attendance
is expected. The lecturer will take attendance for
each session. You are allowed 25%
excused/unexcused absences. Absences beyond
this number will result automatically in failure
from the course.
Behavior
Students are expected to treat the lecturer and each
other with respect and courtesy. Though
insulting language nor outbursts of temper will be
allowed under any circumstances. Each of you will
have many opportunities to have your say, but your
views and opinions must be expressed respectfully
and courteously.
Punctuality is highly appreciated, and students'
timely appearance in the classroom is expected.
Mobile phones have to be turned off during the
classes..
UNEC has certain policies against academic
dishonesty. Cheating on tests, purchasing papers,
plagiarism, and any kind of other dubious practices
will not be tolerated and such acts will be reported
immediately with no exception!
Duties
Students are responsible for reviewing all assigned
mandatory reading materials before the class
meets. In addition to the below mentioned reading
schedule, lecturer can assign students extra reading
materials each week via the e-mail. Hence it is
students' responsibility to regularly check
their Inbox (including Spam).
Detailed note-taking is strongly advised since
students are responsible for all information
disseminated in the course of a given lecture and
seminar session, whether they are present or not.
 Probability Theory and Mathematical Statistics - Course Syllabus - 23/24 Spring

Reading Schedule

Week Material Headlines Topics

Chapter 1 (1.1 and Statistical Methodology. Decision Making in an Uncertain Environment.
Week 1
1.2) Random and Systematic Sampling. Sampling and Non-Sampling Errors.
Using Graphs to Describe Data
Classiication of variables. Measurement levels. Describing data with tables and
Chapter 1 (1.3, 1.4, graphs. Graphs to describe categorical and numerical variables. Data
Week 2
1.5 and 1.6) Presentation Errors.
Week 3 Chapter 2 (2.1, 2.3) Mean, Median and Mode. Shape of distribution. Geometric Mean.
Percentiles and Quartiles. Weighted Mean and measures of grouped data.
Using Numerical Measures to
Range and IQR. Box and Whisker Plots. Variance and standard deviation.
Week 4 Chapter 2 (2.2, 2.4) Describe Data
Coeficient of Variation. Chebyshev's theorem and Empirical rule. Measures
relationship between variables.
Week 5 Chapter 3 (3.1, 3.2)
Week 6 Chapter 3 (3.3, 3.4) Probability Methods Random Experiment, outcomes, and events. Probability and its postulates.
Bivariate probabilities. Bayes’ theorem.
Week 7 Chapter 3 (3.5)
Week 8 Chapter 4 (4.1, 4.2)
Week 9 Chapter 4 (4.3, 4.4) Discrete Probability Random variables. Probability distribution for discrete random variables.
Distributions Properties of discrete random variables. Binomial distribution. Poisson
Week 10 Chapter 4 (4.5, 4.6) distribution. Hypergeometric Distribution.
Week 11 Chapter 4 (4.7)
Week 12 Chapter 5 (5.1, 5.2) Continuous random variables. Expectations for continuous random variables.
Continuous Probability
Week 13 Chapter 5 (5.3, 5.4) Normal distribution. Normal distribution approximation for binomial
Distributions
distribution. Exponential distribution. Jointly distributed continuous random
Week 14 Chapter 5 (5.5, 5.6) variables.
Week 15 Revision
Topic distribution has been done according to the primary reading material.
 Questions

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çətinlik çəkisi
səviyyəsi
1. 01 Construct a bar chart
2. 01 Construct a bar chart
3. 01 Construct a pie chart.

4. 01 Construct a pie chart.

5. 02 Construct the pareto diagram.

6. 02 Construct a frequency and cumulative

distribution.
7. 02 Construct a relative and cumulative frequency
distribution.
8. 02 Construct a histogram.
Construct an ogive.
9. 02 a. Construct a frequency distribution. b.

Construct a histogram. c. Construct an ogive.

d. Construct a stem-and-leaf display.

10. 02 a. Construct a frequency distribution. b.

Construct a histogram. c. Construct an ogive. d.
Construct a stem-and-leaf display.

11. 02 Compute the mean, median, and mode

12. 02 Compute the mean, median, and mode

13. 03 Find and interpret the IQR.

Find the five-number summary for this data

14. 03 Find and interpret the IQR.

Find the five-number summary
for this data

15. 03 a. Find the range, variance, and standard

deviation of the range.
b. Find and interpret the interquartile
range for the driving range.
C. Find the value of the coefficient of
variation.
16. 03 a. Find the range, variance, and standard
deviation of the range. b. Find and interpret the
interquartile range for the driving range. c. Find
the value of the coefficient of variation.

17. 04 a. Compute the covariance. b. Compute the

correlation coefficient
18. 04 a. Compute the covariance. b. Compute the
correlation coefficient

19. 04 a. Compute the covariance. b. Compute the

correlation coefficient

20. 04 a. Compute the covariance. b. Compute the

correlation coefficient

21. 05 Find the following probabilities

22. 05 Find the following probabilities

23. 05 Find the following probabilities

24. 05 Find the following probabilities

25. 06 Find the probability

26. 06 Find the probability

27. 06 Find the probability

28. 06 Find the probability

29. 06 What is the probability of P(A1 /B1)?

30. 06 What is the probability of P(A1 /B1)?

31. 06 Find the probability

32. 07 Find the probability

33. 07 Find the probability

34. 07 Find the probability

35. 07 Find the probability