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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

Anti-requisites

MAT00115 Statistics I AND MAT00116 Statistics II

Unit aim

Introduces students to statistical concepts and techniques relevant to their degree. Statistical tools to model and analyse real-world situations and data are developed, enabling students to enhance their decision-making skills. The interpretation and communication of the results obtained is emphasised. Throughout the unit, Excel will be used for statistical calculations.

Unit content

Topic 1 - Introduction to statistics

Topic 2 - Probability and data modelling

Topic 3 - Statistical distributions

Topic 4 - Confidence interval estimations

Topic 5 - Hypothesis testing

Topic 6 - Introduction to regression modelling

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:
1 Analyse and interpret business and economic data to inform decision making
2 Evaluate business and economic data that is characterised by uncertainty.
3 Apply regression modelling techniques to evaluate and inform decision making.

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

  1. Analyse and interpret business and economic data to inform decision making
  2. Evaluate business and economic data that is characterised by uncertainty.
  3. Apply regression modelling techniques to evaluate and inform decision making.

Prescribed texts

  • No prescribed texts.

  • No 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, 5th edn, Pearson Australia. ISBN: 9781488687921.
Prescribed texts may change in future teaching periods.