Current active subject description (last updated 2024/25)
Statistical Analysis
STA1005
Current active subject description (last updated 2024/25)

Statistical Analysis

STA1005
The course is an introduction to statistics as a method to analyze quantitative data sets. To connect the subject to modern business activities and economic problems emphasis is on using digital tools such as Excel to visualize and analyze real-life data sets. The course focuses on preparing the students for working with datasets and how to choose statistical formulas and methods to answer relevant questions, this includes capabilities in descriptive statistics, probability calculations, confidence-intervals, hypothesis testing and regression analysis (both single and multiple), and how to interpret the numerical results.

Knowledge about

  • Statistical theory and methods as tools to answer relevant questions
  • Descriptive statistics including, centrality, distribution and skewness measures
  • Probability calculations including, combinatorics, conditional probability and probability functions focusing on binomial- and normal distributions
  • The sentral limit theorem, confidens intervals and hypotesys testing with z-, t-, F- and Chi-square distribution based formulas
  • Regression analysis, both simple and multiple analysis

Skills

  • Can apply a combination of statistical tools to analyse a dataset
  • Can apply relevant statistical tools and reflect on the relevance e.g. apply a hypothesis test or evaluate variables for a regression and can rationalize the choice
  • Can reflect on the findings of statistical tests in relation to the problem at hand and the data set in question
  • Masters the use of digital tools to carry out a statistical analysis and present the findings in a combination of tables, graphs and text

General competence

  • Can use statistical tools to answer questions relating to data such as business data (sales, production, marketing etc.), economics (e.g. business development, household expenditure or innovation at a regional, national or international level) or survey data.
  • Can plan and preform a statisticical analysis as to preform independent research on a dataset
Paid semester fee and syllabus literature. It is also required that students have a laptop at their disposal.
Compulsory

Lectures on campus

Groupwork

Individual problem-solving

exercises and problem solving individually and in groups,

analyzing of business data

The study programme is evaluated annually by students by way of course evaluation studies. These evaluations are included in the universitys quality assurance system.

All support materials allowed. Generating an answer using ChatGPT or similar artificial intelligence and submitting it wholly or partially as one's own answer is considered cheating.