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Unit of Study STAT5001 - Business Analytics (2025)

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Unit Snapshot

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Unit description

Introduces students to business analytics. Statistical tools to analyse and model real-world situations and data are developed. The interpretation and communication of the results are emphasised. Excel is used for statistical calculations.

Unit content

Module 1: Introduction to business analytics
Module 2: Probability and data modelling
Module 3: Statistical distributions
Module 4: Confidence interval estimations
Module 5: Hypothesis testing
Module 6: Introduction to regression modelling

Availabilities

Location Domestic International
Gold Coast
Term1,3,5
Term1,3,5
Melbourne
Term1,3
Term1,3
Online
Term1,3,5
Term1,3,5
Perth
Term1,3
Term1,3
Sydney
Term1,3
Term1,3

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

critically analyse and interpret business and economic data to inform decision making

critically evaluate business and economic data that is characterised by uncertainty

analyse and apply regression modelling techniques to evaluate and inform decision making.

Prescribed learning resources

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Prescribed Learning Resources may change in future Teaching Periods.