Eco/120 Week 2 Population Analysis Paper

ECON 1203

Progress Report:
1.
* Descriptive statistics (Emphasis of course so far) * What are the key features of data? * How can we best describe these features so that analysis is informative * Inferential statistics (Emphasis of course to come) * Extracting information about population parameters on basis of sample statistics * What does a sample mean tell us about a population mean? * Typically only alternative because difficult or impossible to determine population mean * Need more foundations before covering later in course
2.
* In SIA admission distributions * Assign probabilities to qualitative characteristics * Public or private patient * In auditing