BEX5950 Business statistics
Faculty of Business and Economics
BEX5950 Business statistics is a level 5, 0-credit-point, postgraduate unit from the Faculty of Business and Economics. It isn't offered in 2020. It has no prerequisites.
- Credit points
- 0
- Offered in 2020
- Not offered
- Workload
- 144 hours
- per semester
The 2027 handbook has no page for BEX5950. This is its 2020 entry, the latest one.
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Requisites
Before BEX5950
Prohibitions
You can't enrol if you have passed any of these.
After BEX5950
No unit lists BEX5950 as a prerequisite in the 2020 handbook.
Enrolment rules
Students must be enrolled in course 0029 or 3194.
Equivalent units
The same content under another code. Only one of them counts.
Overview
Students will learn to use basic statistical techniques and apply them to problems in accounting, finance, management, marketing, and business in general. Students should also be able to effectively communicate the results of their analyses. This unit covers descriptive statistics for revealing the information contained in data; probability as a tool for dealing with uncertainty; probability distributions to model business behaviour; confidence interval estimation and hypothesis testing techniques for single populations; analysis of relationships between variables using simple linear regression; and simple tools for forecasting time series data. Applications to critical analysis of business and economic data will be emphasised. Excel software will be used.
Offerings in 2020
The 2020 handbook lists no offerings for BEX5950.
Learning outcomes
When you finish 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 simple 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.
Workload and teaching
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Contacts
- Chief Examiners
- Ms Charanjit Kaur
Common questions
What are the prerequisites for BEX5950?
BEX5950 has no prerequisites, but enrolment rules apply.
When is BEX5950 offered?
BEX5950 has no offerings listed in the 2020 handbook.
How much work is BEX5950?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
More details
- Credit points
- 0
- Level
- 5
- Study level
- Postgraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Department of Econometrics and Business Statistics
- Type
- HDR
- EFTSL
- 0
- Student contribution
- SCA Band 3
- Study abroad
- Not available
- Handbook years
- 2020