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Unit of Study STAT5002 - Business Analytics (Online) (2024)

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Unit Snapshot

  • Enrolment information

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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

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

Availabilities

Location Domestic International
SCU Online
Summer Term
Term4
Summer Term
Term4

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

Prescribed Texts
  • This is the ISBN for the Value Pack Basic Business Statistics + PHStat Access kit for Statistics: Berenson, ML, Levine, DM, Szabat, KA, O’Brien, M, Jayne, N & Watson, J,, 2018, Basic Business Statistics, 5 th edn, Pearson Australia. ISBN: 9781488687921.
Prescribed Resources/Equipment
  • No prescribed resources/equipment.

Prescribed Texts
  • This is the ISBN for the Value Pack Basic Business Statistics + PHStat Access kit for Statistics: Berenson, ML, Levine, DM, Szabat, KA, O’Brien, M, Jayne, N & Watson, J,, 2018, Basic Business Statistics, 5 th edn, Pearson Australia. ISBN: 9781488687921.
Prescribed Resources/Equipment
  • No prescribed resources/equipment.

Prescribed Learning Resources may change in future Teaching Periods.