STAT 401 Applied Probability and Statistics II (3 credits)
Introductory Probability and Statistics for Business | The Open
Statistics is the art and science of study design and data analysis. Probability theory is the mathematical foundation for the study of statistical methods and for the modeling of random phenomena. The Statistics major builds on a foundation in probability and statistical theory to provide practical training in statistical methods, study design, and data analysis. The Statistics major is an appropriate background for graduate work, including doctoral studies in statistics, social science, public health, genetics, health policy, epidemiology, marketing, opinion polling, economics, finance and banking, government, drug development, and insurance.
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The program is designed to prepare the student for: (1) a career in industries such as finance and insurance, that require a high level of mathematical sophistication and a substantial knowledge of probability and statistics and (2) graduate study in quantitative disciplines. Students choose electives in finance, actuarial science, operations researchor other quantitative fields to complement requirements in mathematics, statistics, and computer science.
The World Congress is overseen by members of the Bernoulli Society and the Institute of Mathematical Statistics. The two organizations joined forces, and their combined meetings comprise the World Congress in Probability and Statistics. The first of these meetings was the 7th World Congress, which took place in Singapore in 2008.Claims of evidence for the paranormal are usually based uponstatistics which diverge so far from the expectation due to chancethat some other mechanism seems necessary to explain the experimentalresults. To interpret the results of our RetroPsychoKinesisexperiments, we'll be using the mathematics of probability andstatistics, so it's worth spending some time explaining how we goabout quantifying the consequences of chance.