UnitLevel 1Undergraduate

ETB1100 Business statistics

Faculty of Business and Economics

ETB1100 Business statistics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 2 at Peninsula. It has no prerequisites and unlocks 25 units, leading on to 127 units in all.

Credit points: 6
Offered in 2027: Semester 2; Peninsula
Assessment: Exam 50%; and 3 other tasks
Workload: 144 hours; per semester

Reviews

No reviews yet. Be the first to review ETB1100.

Requisites

Before ETB1100

Prohibitions

You can't enrol if you have passed any of these.

One of

After ETB1100

25 units list ETB1100 as a prerequisite or corequisite.

Show 17 more

Enrolment rules

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 11 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.

Equivalent units

The same content under another code. Only one of them counts.

Overview

You will learn to collect, analyse and interpret business data to support evidence-based decisions in areas such as accounting, finance, management and marketing, and to clearly communicate your findings. Statistical techniques are introduced as tools for real problems: summarising and visualising data to reveal patterns, using probability to reason about risk, applying inference to judge whether observed effects are credible, modelling relationships between variables with regression to inform recommendations, and using time series methods to make short-term forecasts. You will also critically use AI-enabled digital tools in regression analyses of equity-related issues, evaluating their outputs and limitations while reflecting on implications for diversity and inclusion in business decision-making. Excel software will be used.

Offerings in 2027

Teaching period	Campus	Mode
Second semester	Peninsula	Blended

Assessment

Exercise
15%
Quiz / Test
10%
Written
25%
Examination
50%

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Learning outcomes

When you finish this unit, you should be able to:

1
apply descriptive statistical and spreadsheet techniques to summarise and visualise business data sets to support initial business insights
2
apply basic probability concepts and common probability distributions to quantify and interpret risk and uncertainty in business decision scenarios
3
estimate and draw statistical inference about population parameters (e.g. means and proportions) in order to validate the evidence used in business decisions
4
analyse relationships between business variables using correlation and simple linear regression to generate and justify data-driven recommendations for decision-makers
5
apply basic time series techniques to describe patterns in business data and produce short-term forecasts that inform business planning and performance evaluation
6
evaluate contemporary digital tools, including AI-enabled technologies, as used to support 'in-context' interpretations of the regression findings around issues related to equity, diversity and inclusion.

Workload and teaching

Assessments1.5 hours
Seminars24 hours
Workshops12 hours
Tutorials18 hours
Teaching approachActive learning
Teaching approachProblem-based learning

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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.

Learning resources

Technology resources

There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.

Contacts

Chief Examiners: Dr Alyssa Hu

Common questions

What are the prerequisites for ETB1100?

ETB1100 has no prerequisites, but enrolment rules apply.

What can I take after ETB1100?

ETB1100 is a prerequisite or corequisite for 25 units, including ACX3300, BFF2701, ECF3800, ETC1010, ETC2410 and ETC2420. Those lead on to 127 units in all.

When is ETB1100 offered?

In 2027, ETB1100 runs in Semester 2 at Peninsula.

How much work is ETB1100?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ETB1100 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 3 other tasks.

More details

Credit points: 6
Level: 1
Study level: Undergraduate
Faculty: Faculty of Business and Economics
Organisational unit: Department of Econometrics and Business Statistics

Type: Coursework
EFTSL: 0.125
Student contribution: SCA Band 1
Study abroad: Available
Handbook years: 2020 2021 2022 2023 2024 2025 20262027