MITM 5043 - Principles of Statistical Analysis and Decision Modeling (3)

Principles of statistical and probabilistic analysis with focus on practical decisions and risk using quantitative models. Topics include overview of probability, descriptive and graphical statistical methods, sampling and sampling distributions, estimation, hypothesis testing, analysis of variance, study design and linear regression, decision modeling and simulation, and in-depth discussion on application of statistical techniques to the processing and interpretation of data from various industries and disciplines.