Economics at Zero Marginal Cost

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statistical Methods for Economics Unit-IV Probability and Hypothesis Testing: Probability: Concept, Rules of Probability (Addition and Multiplication); Random variables; Mathematical Expectations, Theoretical distributions: Binomial, Poisson and Normal - their properties and uses, Hypothesis Testing: z, t and Chi-square tests. Concept of Probability Compound Events and Related Concepts Odds Approaches to find Probability Numerical Problems - Probability Rules of Probability Random Variable Mathematical Expectation (Expected Value) Theoretical Distribution Properties of Binomial Distribution (Proof) Properties of Poisson Distribution (Proof) Hypothesis Testing Numerical Problems - Hypothesis Testing (Z-Test) Numerical Problems - Hypothesis Testing (t-Test) Numerical Problems - Hypothesis Testing (Chi-Square Test for a Single Variance or Standard Deviation) .