Overview

Topics include an introduction to spreadsheeting; descriptive statistics; elementary probability; discrete and continuous probability distributions; statistical inference; simple linear regression and correlation; forecasting and time series; and Index numbers.

Offerings

S1-01-SAFRICA-ON-CAMPUS
S2-01-SAFRICA-ON-CAMPUS

Contacts

Chief Examiner(s)

Mr Rakesh Bhurtun

Notes

IMPORTANT NOTICE:
Scheduled teaching activities and/or workload information are subject to change in response to COVID-19, please check your Unit timetable and Unit Moodle site for more details.

Learning outcomes

On successful completion of this unit, you should be able to:
1.

interpret business data using descriptive statistics techniques, including the use of spreadsheet functions

2.

apply simple concepts of probability and probability distributions to problems in business decision-making

3.

describe the role of statistical inference and applying inference methods to single population means

4.

evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression

5.

apply time series techniques of indexing, deflating, and forecasting to business and financial series, and interpreting the results.

Teaching approach

Problem-based learning

Assessment summary

This unit contains a hurdle requirement that you must achieve to be able to pass the unit. The consequence of not achieving a hurdle requirement is a fail grade (NH) and a maximum mark of 45 for the unit.

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Lectures

Workload requirements

Workload

Learning resources

Required resources