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.
Topic 1. Descriptive statistics
Topic 2. Probability
Topic 3. Normal probability distributions
Topic 4. Sampling and sampling distributions
Topic 5. Estimation and confidence intervals - single mean and proportion
Topic 6. Fundamentals of hypothesis testing - single mean and proportion
Topic 7. Estimation and hypothesis tests - comparing means and proportions
Topic 8. Simple linear regression and correlation
Topic 9. Introduction to multiple regression
Topic 10. Time series and index numbers
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.
Learning outcomes and graduate attributes
GA1: Intellectual rigour,
GA3: Ethical practice,
GA4: Knowledge of a discipline,
GA5: Lifelong learning,
GA6: Communication and social skills,
GA7: Cultural competence
|On completion of this unit, students should be able to:||GA1||GA2||GA3||GA4||GA5||GA6||GA7|
|1||demonstrate a knowledge and understanding of the concepts of probability, statistical inference, and regression and correlation||Lifelong learning|
|2||make appropriate decisions based on the task requirements, by selecting and applying appropriate statistical procedures and interpreting the results obtained||Intellectual rigour|
|3||communicate statistical ideas, processes and results effectively at different levels of formality||Communication and social skills|
|4||use an appropriate spreadsheet or statistical software in statistical analysis||Lifelong learning|
|5||interpret statistical output.||Lifelong learning|
- Berenson, ML, Levine, DM, Krehbiel, TC, Stephan, DF, O’Brien, M, Watson, J & Jayne, N, 2012, Basic Business Statistics, 3rd edn, Pearson Australia. ISBN: 9781442548473.
- The first and second editions of this textbook may also be used., The e-book for the third edition can be used instead of the printed text. ISBN: 9781486002443.
- Berenson, ML, Levine, DM, Krehbiel, TC, Stephan, DF, O’Brien, M, Watson, J & Jayne, N, 2013, Basic Business Statistics, 3rd edn, Pearson Australia. ISBN: 9781442548473.
- The first and second editions of this textbook may also be used.The e-book for the third edition can be used instead of the printed text.: Berenson et al., Basic Business Statistics. ISBN: 9781486002443.