Overview

In this unit, you will be exposed to a comprehensive study of statistical methods and data analysis. Specifically, you will be introduced to the essential concepts and techniques in probability and statistical methods to equip you with the skills needed to extract meaningful insights from data. You will be given … For more content click the Read More button below. Upon unit completion, you will develop the ability to apply statistical methodologies in practical scenarios which will prepare you for the challenges of actuarial analytics and provide sufficient expertise for use in various later units.

Offerings

S2-01-MALAYSIA-ON-CAMPUS

Learning outcomes

On successful completion of this unit, you should be able to:
1.

use appropriate statistical analysis, descriptive statistics and graphical presentation to summarise data

2.

describe the essential features of statistical distributions

3.

apply the principles of statistical inference

4.

apply the fundamental concepts of Bayesian statistics to compute Bayesian estimators.

Teaching approach

Problem-based learning
Active learning

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Tutorials

Workload requirements

Workload