Banking and Insurance | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | ISLT182 | ||||||||
Course Name: | Applied Statistics | ||||||||
Course Semester: | Spring | ||||||||
Course Credits: |
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Language of instruction: | TR | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Assoc. Prof. OYA KENT BIRIK | ||||||||
Course Lecturer(s): |
Assoc. Prof. AYNUR PALA |
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Course Assistants: |
Course Objectives: | The purpose of this course is to equip students with an understanding of statistical analysis and analytical thinking. Discussions will range from key concepts to useful data analysis. Among topics covered are: Data collection, summarizing and presenting techniques, probability theory, discrete and continuous random variables, discrete probability distribution, continuous probability distribution, sampling distributions, inferential statistics, confidence intervals, hypothesis testing and simple correlation. |
Course Content: | Measures of central tendency (mean, median, mode, range); measures of dispersion (variance, standard deviation); histogram; diagrams, charts and plots, distinguishing between sample and the population; probability; permutation; combination; probability rules; bivariate probability, joint probability; conditional probability; Bayes’ theorem, discrete and continuous variables and probability distributions (binomial, Poisson, exponential distributions); expected value; sampling and sampling distribution (sampling distribution of the sample mean and sample proportion); point estimation; confidence interval; hypothesis testing (z, student’s t, F and Chi-square distributions); linear correlation; population and sample correlation coefficient. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | Sampling, decision making, defining relationships, uncertainty | syllbus |
2) | Summarizing numerical information using concepts explained in the lecture | syllbus |
3) | • Variance | Syllbus |
4) | • Apply probability rules under uncertainty | syllbus |
5) | Apply probability rules under uncertainty | syllbus |
6) | • Identifying discrete random variables and calculating probability distributions | syllbus |
7) | Identifying continuous random variables and calculating probability distributions | syllbus |
8) | Being able to sample | syllbus |
9) | Establishing a confidence interval | syllbus |
10) | Establishing a confidence interval | syllbus |
11) | Being able to test a hypothesis | syllbus |
12) | Being able to test a hypothesis | syllbus |
13) | • Defining bivariate linear relationships | syllbus |
14) | General review covering all topics for the end-of-term exam. | syllbus |
Course Notes / Textbooks: | Statistics for Business and Economics, Eighth Edition Authors: Paul Newbold, William L. Carlson, Betty M. Thorne |
References: | Business Statistics. A Decision - Making Approach, 8th Edition Authors: David F. Groebner, Patrick W. Shannon, Phillip C. Fry, Kent D. Smith |
Learning Outcomes | 1 |
2 |
3 |
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Program Outcomes | ||||||||
1) explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | ||||||||
2) employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) recognize and assess legal environment in banking and insurance industries | ||||||||
4) explain ongoing operational and managerial methods in banking and insurance industries | ||||||||
5) discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | ||||||||
6) develop the capacity to assess current global economic issues. | ||||||||
7) translate and explain the content of the documents written in English related to the field | ||||||||
8) express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management | ||||||||
9) identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | explain the essential body of knowledge in the area of banking and insurance, including evolution of the discipline, the state-of-the-art concepts, scientific methodology, theories and models. | |
2) | employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | |
3) | recognize and assess legal environment in banking and insurance industries | |
4) | explain ongoing operational and managerial methods in banking and insurance industries | |
5) | discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures. | |
6) | develop the capacity to assess current global economic issues. | |
7) | translate and explain the content of the documents written in English related to the field | |
8) | express he role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management | |
9) | identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
Expression | |
Homework |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework | |
Bilgisayar Destekli Sunum |
Semester Requirements | Number of Activities | Level of Contribution |
Quizzes | 2 | % 20 |
Midterms | 1 | % 30 |
Final | 1 | % 50 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 16 | 63 |
Homework Assignments | 15 | 30 |
Quizzes | 15 | 30 |
Midterms | 15 | 45 |
Final | 15 | 60 |
Total Workload | 228 |