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 2022 in Semester 2 at Peninsula. It has no prerequisites and unlocks 23 units, leading on to 111 units in all.

Credit points: 6
Offered in 2022: Semester 2; Peninsula
Assessment: Exam 40%; and 1 other task
Workload: 144 hours; per semester

This is the 2022 handbook entry. See the 2027 entry.

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Requisites

Before ETB1100

Prohibitions

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

One of

After ETB1100

23 units list ETB1100 as a prerequisite or corequisite.

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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 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 analysis. 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. Excel software will be used.

Offerings in 2022

Teaching period	Campus	Mode
Second semester	Peninsula	On campus

Assessment

Within semester assessment
60%
ExaminationThreshold hurdle
40%

Learning outcomes

When you finish 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 suitable statistical techniques for describing and forecasting time series data.

Workload and teaching

Lectures24 hours
Tutorials24 hours

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 Geraldine Roberts

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 23 units, including ACX3300, BFF2701, ECM2310, ETB2111, ETC1010 and ETC2410. Those lead on to 111 units in all.

When is ETB1100 offered?

In 2022, 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 40% of the final mark, alongside 1 other task.

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 4
Study abroad: Available
Handbook years: 2020 202120222023 2024 2025 2026 2027