Overview
You will learn to use basic statistical techniques and apply them to problems in accounting, finance, management, marketing, and business in general. You should also be able to effectively communicate the results of your analyses. This unit covers descriptive statistics for revealing the information contained in data; probability as a … For more content click the Read More button below.
Offerings
S1-01-CAULFIELD-ON-CAMPUS
S2-01-CAULFIELD-ON-CAMPUS
Requisites
Prohibition
Rules
Enrolment Rule
Contacts
Chief Examiner(s)
Mrs Charanjit Kaur
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 Excel 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 apply inference methods to single populations
4.
interpret and evaluate relationships between variables for business decision-making, using the concept of correlation and linear regression
5.
apply suitable statistical techniques for describing and forecasting time series data
6.
develop the skills for critical analysis of statistical reporting and inference.
Teaching approach
Active learning
Problem-based learning
Assessment
1 - Within semester assessment
2 - Examination
Scheduled and non-scheduled teaching activities
Workshops
Workload requirements
Workload
Learning resources
Technology resources
Other unit costs
Costs are indicative and subject to change.
Electronics, calculators and tools: $100