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1、Class1,Page9Class1:Expectations,variances,andbasicsofestimationBasicsofmatrix(1)I.OrganizationalMatters(1)Courserequirements:1)Exercises:Therewillbeseven(7)exercises,thelastofwhichisoptional.Eachexercisewillbegradedonascaleof0-10.Inadditiontothegradedexercise
2、,ananswerhandoutwillbegiventoyouinlabsections.2)Examination:Therewillbeonein-class,open-bookexamination.(2)Computersoftware:StataII.TeachingStrategies(1)Emphasisonconceptualunderstanding.Yes,wewilldealwithmathematicalformulas,actuallyalotofmathematicalformula
3、s.But,Idonotwantyoutomemorizethem.WhatIhopeyouwilldo,istounderstandthelogicbehindthemathematicalformulas.(2)Emphasisonhands-onresearchexperience.Yes,wewillusecomputersformostofourwork.ButIdonotwantyoutobecomeacomputerprogrammer.Manypeoplethinktheyknowstatisti
4、csoncetheyknowhowtorunastatisticalpackage.Thisiswrong.Doingstatisticsismorethanrunningcomputerprograms.WhatIwillemphasizeistousecomputerprogramstoyouradvantageinresearchsettings.Computerprogramsarelikeautomobiles.Thebestautomobileisuselessunlesssomeonedrivesi
5、t.Youwillbethedriverofstatisticalcomputerprograms.(3)Emphasisonstudent-instructorcommunication.Ihappentobelieveinstudents'judgmentabouttheirowneducation.EventhoughIwillbeultimatelyresponsibleiftheclassshouldnotgowell,Ihopethatyouwillfeelpartoftheclassandcontr
6、ibutetothequalityofthecourse.Ifyouhavequestions,donothesitatetoaskinclass.Ifyouhavesuggestions,pleasecomeforwardwiththem.Theclassisasmuchyoursasmine.Nowletusgettotherealbusiness.III(1).ExpectationandVarianceRandomVariable:Arandomvariableisavariablewhosenumeri
7、calvalueisdeterminedbytheoutcomeofarandomtrial.Twoproperties:randomandvariable.Arandomvariableassignsnumericvaluestouncertainoutcomes.Inacommonlanguage,"giveanumber".Forexample,incomecanbearandomvariable.Therearemanywaystodoit.Youcanusetheactualdollaramounts.
8、Inthiscase,youhaveacontinuousrandomvariable.Oryoucanuselevelsofincome,suchashigh,median,andlow.Inthiscase,youhaveanordinalrandomvariable[1=high,2=median,3=low].Orifyouareinterestedintheis