CVEEN 2130 - Statistics/Economics

Introductory probability and statistics topics that are relevant to civil and environmental engineering, including set terminology and theory, fundamental axioms of probability, conditional probability, statistical independence. Bayes' theorem, deMorgan's rule, random variables, probability mass, density and distribution functions, moments, measures of central tendency and dispersion, common discrete and continuous probability functions, data compression, frequency distributions, point estimation, and confidence intervals. Fundamental engineering economics topics, including equivalence, compound interest and discount rate factors, nominal and effective interest rates, cash flow diagrams, capitalized cost, net present worth analysis, equivalent uniform annual cost, internal rate of return, benefit-cost analysis, basic microeconomics, cost estimation, and cost indexes.