ETC1000 Business and economic statistics

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

1. 1

   FIRST SEMESTER: interpret business and economic data using tables, charts and descriptive statistics techniques, applying standardisation techniques where appropriate

   SECOND SEMESTER: analyse business and economic data using quantitative methods to inform evidence-based decision-making

2. 2

   FIRST SEMESTER: describe the concept of a sampling distribution, estimators and their properties

   SECOND SEMESTER: apply probability concepts to model uncertainty and assess risk in business and economic contexts

3. 3

   FIRST SEMESTER: make inference on single and multiple population means, difference between means and the slope for business and economic decision-making

   SECOND SEMESTER: analyse multi-variable data to draw conclusions for business and economic decision-making

4. 4

   FIRST SEMESTER: interpret and evaluate relationships between variables for business and economic decision-making using simple and multiple linear regression

   SECOND SEMESTER: communicate statistical findings using appropriate formats, collaborating in teams to present evidence-based insights for business audiences

5. 5

   FIRST SEMESTER: apply the main ideas of probability theory to business and economic decision-making.

   SECOND SEMESTER: evaluate academic and industry sources to justify conclusions in business and economic contexts.