125. Games, Gambling and Coincidences. (3). (Excl). (QR/1).
This course will emphasize problem solving and modeling. To achieve
this end, students will work together in class attempting to solve various
problems posed by the instructor. Hopefully with a bit of gentle guidance,
the students will be able to create models and deduce the basic concepts
necessary for solution. Students will be asked to write up solutions and
work on a project. Grades will be determined from this work and class participation.
Problems from the course will be drawn primarily from Markov chains with
a finite state space, dynamic programming, again with a finite state space,
and game theory. Possible examples include: gambler's ruin; expected run
lengths in coin tossing until a specified string is obtained and chances
that one string will occur before another; optimal strategies in sports
and gambling; optimal replacement strategies; minimax solutions for finite
state two-person zero sum games. Cost:2 WL:3 (Keener)
402. Introduction to Statistics and Data Analysis. No credit granted
to those who have completed or are enrolled in Econ. 404 or Stat. 311, 405,
or 412. (4). (NS). (BS). (QR/1).
In this course students are introduced to the concepts and applications
of statistical methods and data analysis. Statistics 402 has no prerequisite
and has been elected by students whose mathematics background includes only
high school algebra. Examples of applications are drawn from virtually all
academic areas and some attention is given to statistical process control
methods. The course format includes three lectures and a laboratory (l.5
hours per week). The laboratory section deals with the computational aspects
of the course and provides a forum for review of lecture material. For this
purpose, students are introduced to the use of a micro-computer package
and the Macintosh computer. Course evaluation is based on a combination
of three examinations GIVEN WEDNESDAY EVENINGS, a final examination and
teaching fellow input. Cost:2 WL:3 (001: Muirhead, 002: Rothman,
004: Gunderson)