Course info

 acquire the basic knowledge of theory of random variables, various probability functions and their applications. Also spreadsheet functions are used to solve numerical problems associated with the topics discussed.

Expected Course Outcomes as per the university are

1. Examine major components of random variable theory and distribution theory - Understanding
2. Evaluate Mathematical Expectation- Evaluate
3. Analyse various probability distributions- Analyze
4. Evaluate fitting procedure of distribution and its simulation using spreadsheet.- Evaluate

Though the university is expecting understanding level of the first outcome, we would like to have the learning outcome of apply level. Hence the revised course outcomes are

1. Apply the concepts of probability density functions (PDFs) and distribution functions (CDFs) to calculate probabilities in various real-world scenarios- Apply
   
2. Evaluate Mathematical Expectation- Evaluate
3. Analyse various probability distributions- Analyze
4. Evaluate fitting procedure of distribution and its simulation using spreadsheet.- Evaluate