M.Sc. (Statistics) 1st Semester
This course explores the basic concepts of modern probability theory and its applications for
decision-making in economics, business, and other fields of social sciences. Our everyday lives,
as well as economic and business activities, are full of uncertainties and probability and
distribution theory offer useful techniques for quantifying these uncertainties. The course is
heavily oriented towards the formulation of mathematical concepts on probability and
probability distributions and densities with practical applications. This course aims to provide an understanding of the basic concepts in probability, conditional
probability and independent events. It will also focus on the random variable, mathematical
expectation, different types of discrete distributions, and applications of central limit theorem.
- Teacher: Dr Farhat Iqbal