<p>Stat 134 is probability theory. Stat 21 is introductory statistics and probability (with a negligible tilt toward business). </p>
<p>If you aren’t aware, “statistics” and “probability” --though related-- are completely distinct worlds. </p>
<p>Coming into 134 with 0 statistics knowledge won’t impede you doing well in the class. Everything needed for the course is discussed at length in professor Pitman’s textbook, which is the textbook all teachers of 134 here at Cal use. </p>
<p>Naturally, you will be competing with people who have had extensive statistics and probability background, so you will be at an initial disadvantage. But if you study smartly, it will be fine.</p>
<p>Though Stat 21 is one of the weeder courses for Haas, it is relatively an easy A, as many “Haas hopefuls” are woefully inadequate in quantitative topics like statistics.</p>
<p>Anyway, looking at your motivation for choosing between the two, I am suspicious of people who tell you 134 is
</p>
<p>134, as I said, is probability theory. Sure economics ties into probability in many ways, but if you’re an economist who can’t even run a basic regression analysis (statistics) then I don’t really see the value of having probability under your belt.</p>
<p>At the end of the day, I say all signs point to you taking Stat 21. Forget 134. If anything, take 135. Or better, take a Stats 150-series course, maybe 151a or 153. Those will be magnitudes more applicable than 134. Which is not just probability, but probability theory. If you’re an academic, then that’s all well and good. It’s not like you can walk into the real world and say, “wow, these two stochastics are bivariate normally distributed! omg, let me look at the pdf of the product of these variables and integrate!!! 8D”</p>
<p>Seriously, that was the entire class: “If I’m at a call center and the callers make 2 calls every minute, what’s the probability…” - and a multitude of other dumb questions that have minimal application relative to the other courses you could be taking in the stats department.</p>
<p>That said, let me be practical: you have to choose between 21 and 134. Choose 21 and be done with stats for the rest of your time here at Cal.
If you are interested in the 150-series as I mentioned it, choose 134, as it is a prerequisite to the 150-series (though prerequisites are not enforced because our stats department is a sorry excuse for a Berkeley institution and the department is garbage [personal opinion, I don’t care if you agree or disagree])</p>
<p>That’s my $0.02, hope I added some good color to your decision process.</p>