The course introduces the main concepts of probability and statistics, providing the methodological foundations for data collection and analysis.

Knowledge and understanding: The course develops students' ability in collecting, analyzing and critically interpreting data related to economics, finance, management as well as everyday situations. The course also contributes to students' mathematical skills. Applying knowledge and understanding: The course provides the student the knowledge of a series of tools such as probabilistic models to model phenomena whose outcomes are uncertain, estimation techniques for understanding and prediction, hypothesis testing for decision making. During the final exam, students are required to use mathematical thinking to formalize complex problems and to apply analytical tools to solve them. Making judgements: When facing complex problems, students are encouraged to apply analytical tools in an independent way and to give original interpretations to the results they obtain. This is also a requirement for the final exam. Communication skill: The course contributes to students' mathematical reasoning and ability to communicate in mathematical language. Learning skills: The knowledge in Probability and Statistics acquired during the course will allow the student to autonomously understand and interpret new more advanced techniques and adapt them to the specific reference context.

Elements of probability theory and main probability models. Descriptive statistics: data sets description and summarization; correlation in bivariate data sets. Statistical inference: sampling statistics; point estimation and confidence intervals; hypothesis testing.

First part of the course: 1. Ross, Sheldon M. Introductory statistics. Elsevier/Academic Press. Second part of the course: 2. Ross, Sheldon M. Introduction to probability and statistics for engineers and scientists. Elsevier/Academic Press.

Lectures with an intermediate test.

Students will be evaluated through the final written exam, covering the whole course program. The final written exam consists of theoretical questions and practical problems aimed at verifying the student’s mastering of the basic notions and their application. In general, the exam will be formed by 6-7 questions. During the semester, there will be an intermediate test covering the first part of the program, which will count approximately for 1/3 of the final grade. NOTE: the intermediate test grade will be effective only if the final exam is taken during the summer session.

Not relevant.