CO1: Develops the notion of probability, followed by probability distributions of discrete and 
continuous random variables and of joint distribution. 
CO2: Understand Sampling methods and Sampling Distributions. 
CO3: Understanding of the inferential statistics as well as the interpretation of data. 
CO4: Test hypothesis using various statistical tools available to them. 
CO5: Train students in the use of the most common statistical tools and techniques encountered in 
economics for analysis of data with valid logic and inferences.