Semester One 2017
Faculty of Business and Economics
ECC5953/ECF5953 Economics
Assignment
Instructions
Due Date: Week 9
Weighting/Value: 10%
Word limit: Must not exceed 1000 words
Presentation requirements: Must be submitted typed, onesided, and double sp
1
ETF5900
ETC5900
BUSINESS STATISTICS
Probability Distribution Continuous
The Normal Distribution
Sampling and Sampling Distributions
Textbook references:
Berenson et al Basic Business Statistics 4th edition,
Chapter 6 Sections 6.16.2
Chapter 7, Section
1
ETF5900
ETC5900
BUSINESS STATISTICS
Introduction to probability
Discrete Probability Distributions
Textbook references:
Berenson et al Basic Business Statistics 4th edition,
Chapter 4 Sections 4.1, 4.2
Chapter 5 Section 5.1, 5.3
Lecture Three
2
Learning
1
ETF5900
ETC5900
BUSINESS STATISTICS
Hypothesis Testing
Mean (for known and unknown)
Proportion
Using:
a) Critical Value Approach
b) pvalue Approach (Next Week)
Textbook references:
Berenson et al Basic Business Statistics 4th edition,
Chapter 9 Section
Monash
University
ETC5900
Department of
Business Statistics
Econometrics and
Business Statistics Semester 1, 2017
1
2
Contact Details
Lecturer and Coordinator:
Ms Charanjit Kaur
Building H, Level 4, Room 4.64
Phone: 9903 4585
Email:[email protected]
1
ETF5900
ETC5950
BUSINESS STATISTICS
Hypothesis Testing
Mean (for known and unknown)
Proportion
Using pvalue Approach
Textbook references:
Berenson et al Basic Business Statistics 4th edition,
Chapter 9 Sections 9.19.7
Lecture Seven
Hypothesis Testing
School of Mathematical
Sciences
Lecture Notes
Financial Mathematics
MTH3251
Modelling in Finance and
Insurance ETC3510
Lecturer: Fima Klebaner
Semester 1, 2017
Prepared by:
Fima Klebaner
Produced and Published by:
School of Mathematical Sciences
Faculty o
MTH3251/ ETC3510
Tutorial 6 Solutions.
1. Q. 11, set 6.
(a) It is known that the process Bt2 h(t) is a martingale with mean zero.
Find h(t).
(b) It is known that the process eBt g(t) is a martingale with mean one. Find
g(t).
Solution.
(a) Since Bt2 t is a
MTH3251/ ETC3510
Tutorial 4.
"
#
1
1. Let X = (X, Y ) be Gaussian N (0, ), with =
. Find P (X > Y ).
1
Hint: write this as P (X Y > 0), and use Theorem 26 of the Appendix of
Notes.
"
#
X
Solution. P (X > Y ) = P (X Y > 0) and X Y = [1 1]
.
Y
Thus, by Th
MTH3251/ ETC3510
Tutorial 5. Solutions.
1, if 0 t 1,
1. Let X(t) = 2, if 1 < t 3,
0, otherwise
or in one formula X(t) = I[0,1] (t) + 2I(1,3] (t).
(a) Write the Ito integral I =
and give its distribution.
R3
0
X(t)dB(t) as a sum of random variables,
(b) Sh
Monash University
Department of Econometrics and Business Statistics
ETC1000/ETW1000/ETX9000 Business and Economic Statistics
Exam S1 2013 Marking Guide
QUESTION 1 (10 marks)
(a) Carefully interpret the Mean figures in the output. What does this tell you
Introductory Econometrics
Multiple Regression: Inference
Farshid Vahid
2016
Recap
I
In the multiple regression model
y = X + u
if we add the assumption u  X is Normally distributed to the
GaussMarkov assumptions, we obtain
b  X N(, 2 (X0 X)1 )
I
This i
ETF1100
Week 10 Part A y hat= estimated value
QA 10.1
a) I think there is an adverse relationship between price and sales. When prices are
low, sales will tend to increase.
b)
Yes, it meets my expectation. When prices are higher, sales tend to be lower. O
Vanguards
Principles for
Investing Success
Successful investment management companies base their business on a core
investment philosophy, and Vanguard is no different. Although we offer many
specific strategies, an overarching theme runs through the inve
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Why asset allocation really matters
Robin Bowerman, Vanguard Investments  22 August 2012
More than quarter of a century ago, a landmark investment research paper by three US
academics concluded that the asset allocation of an investment portfolio is the
Tutorial 4
BRIEF ANSWERS
Week starting
August 15, 2016
PRINCIPLES OF MICROECONOMICS
Task 1
The first part of the first task is simply designed to get you to practice
comparative statics. It is mechanical and just involves shifting demand and
supply curves
Office Use Only
Semester Two 2016
Examination Period
SAMPLE
EXAM
Faculty of Business and Economics
EXAM CODES:
ECC1000
TITLE OF PAPER:
Principles of Microeconomics  PAPER 1
EXAM DURATION:
2 hours writing time
READING TIME:
10 minutes
THIS PAPER IS FOR ST
Tutorial 6
Week starting
August 29, 2016
TUTORIAL TASKS
PRINCIPLES OF MICROECONOMICS
Task 1
Many Australian economists have called the state payroll tax a tax on employment.
Payroll tax is like a sales tax but applies to workers wages.
(1) Suppose that th
Brief answers.
Tutorial 3
Week beginning 08 August, 2016
Task One.
The table below gives the original information you received for task one. It also gives
the number of units per hour for each worker in the SQUARE brackets and the
opportunity cost of one
Tutorial 5
Week starting
August 22, 2016
TUTORIAL TASKS
PRINCIPLES OF MICROECONOMICS
Task 1
A statistician in the Department of Agriculture observed that every year the
temperature in Mildura dropped below 20 degrees (which would reduce the orange
crop) t
Appendix G
TABLE (5.1 Cumulative Areas under the Standard Normal Distribution
2 0 1 ' 2 3 4 5 6
(continued)
743 744 Appendices
TABLE G.1 (Continued)
2 O 1
Examples: IfZ ~ Normal(0, 1), then P(Z S 1.32) = .0934 and P(Z S 1.84) = .9671.
Source: This tab
Unit Guide
MKW1120
Marketing theory and practice
Semester 2, 2016
Handbook link:
http:/www.monash.edu.au/pubs/2016handbooks/units/indexbyfacultybus.html
The information contained in this unit guide is correct at time of publication. The University has
Introductory Econometrics
Probability and Statistics Refresher
Farshid Vahid
2016
Outline
I
Random variables (discrete, continuous) and their probability
distribution
I
Mean, variance, standard deviation
I
Properties of expectation
I
Properties of conditi
ETC1000/ETW1000/ETX9000 Business and Economic Statistics
LECTURE NOTES
Topic 2: Understanding What is Happening
1.
Relating Variables Together
In the diabetes example in Topic 1 we had a contingency table that suggested not
doing enough exercise was relat