BUS103 Business Statistics
Unit outline
| Important Update: | Our aim is to provide you with an optimal learning experience, regardless of how this unit is delivered. Teaching will be delivered in line with the most current COVID Safe health guidelines. This may include a mix of online and face-to-face. Please check the learning management system for announcements and updates. Thank you for your flexibility and commitment to studying with Sydney Institute of Higher Education. |
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| Enrolment modes: | Year 1, Semester 1 |
| Credit point(s): | 12.5 |
| EFTSL value: | 0.125 |
| Prerequisite: | Nil |
| Typical study commitment: | Students will on average spend 10 hours per week over the teaching period undertaking the teaching, learning and assessment activities for this unit. |
| Scheduled learning activities: | 4 timetabled hours per week, 6 personal study hours per week |
| Other resource requirements: | Microsoft Excel |
Unit description
This unit introduces students to the principles and practices of business statistics. Students will build a comprehensive understanding of data analysis including sampling methods, descriptive techniques and inferential approaches. Students will be familiar with financial calculations and spreadsheet commands as they make use of the computer to perform graphical presentation and statistical analysis.
Unit learning outcomes (ULO)
| On the successful completion of this units student will be able to: | |
| ULO1 | Understand basic statistical concepts and terms, define descriptive and inferential statistics, and compare probability sampling methods. |
| ULO2 | Describe the features of commonly-used discrete and continuous distributions and illustrate computational methods to solve related problems. |
| ULO3 | Conduct hypothesis tests, linear regression and time series analysis and practise quantitative forecasting methods. |
| ULO4 | Carry out statistical analysis with computational tools and interpret the results using graphical aids. |
| ULO5 | Use business data to resolve real world business problems by using statistical techniques and calculations. |
Topics to be included in the unit
| 1. | Introduction to statistics |
| 2. | Descriptive statistics |
| 3. | Probability |
| 4. | Discrete probability distributions |
| 5. | Continuous probability distributions |
| 6. | Sampling distributions |
| 7. | Single population estimation |
| 8. | Hypothesis testing |
| 9. | Two population estimation and testing |
| 10. | Simple regression |
| 11. | Multiple regression |
| 12. | Time series analysis |
Assessment
| Assessment Description | Grading and weighting (% total mark for unit) |
Indicative due week |
| Assessment 1: Class Activity | 30% | Weeks 1 -12 |
| Assessment 2: Assignment | 30% | Week 12 |
| Assessment 3: Final Exam | 40% | Final exam week |
The assessment due weeks provided may change. Your lecturer will clarify the exact assessment requirements, including the due date, at the start of the teaching period.