Statistical Foundations M

Course aim

To introduce students to the mathematical theory underlying the fundamental concepts and practice of statistics, and to apply this theory especially in the areas of Actuarial Science and Finance, and to prepare themselves for mathematical statistics courses, including those required for actuarial or financial analyst accreditation.

Course content

The course covers probability, probability distributions and densities, mathematical expectation, special probability distributions and densities, functions of random variables and sampling distribution, introduction to hypothesis testing and point estimation.

Textbook(s)

Wackerly D.D., Mendenhall W. and Scheaffer R. L 2008, Mathematical Statistics with Applications , 7th edition, Pacific Grove, CA

Prerequisite(s)

Calculus M (MATH 5042) or equivalent Statistical Methods (MATH 1036) or equivalent

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Lecture	2 hours x 13 weeks
Tutorial	2 hours x 12 weeks
Directed Study (Meetings and activities as agreed with Course Coordinator)	N/A x 13 weeks
INTERNAL, MAWSON LAKES
Lecture	2 hours x 13 weeks
Tutorial	2 hours x 12 weeks
Directed Study (Meetings and activities as agreed with Course Coordinator)	N/A x 13 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Assignment, Examination, Quiz

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 1)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.