UnitLevel 5Postgraduate

ETC5900 Business statistics

Faculty of Business and Economics

ETC5900 Business statistics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 and Semester 2 at Clayton. It has no prerequisites and unlocks 4 units, leading on to 30 units in all.

Credit points: 6
Offered in 2020: Semester 1, Semester 2; Clayton
Assessment: Exam 110%; and 2 other tasks
Workload: 144 hours; per semester

This is the 2020 handbook entry. See the 2021 entry.

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Requisites

Before ETC5900

Prohibitions

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

One of

After ETC5900

4 units list ETC5900 as a prerequisite or corequisite.

Enrolment rules

Students enrolled in course B6014 cannot undertake this unit.

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

Teaching period	Campus	Mode
First semester	Clayton	On campus
Second semester	Clayton	On campus

Assessment

Within semester assessment
40%
ExaminationThreshold hurdle
60%
Within semester assessment
50%
ExaminationThreshold hurdle
50%

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 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

Tutorials18 hours
Lectures18 hours
Teaching approachPeer assisted 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. 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.

Learning resources

Required resources

Microsoft Excel 2016

Contacts

Chief Examiners: Ms Charanjit Kaur

Common questions

What are the prerequisites for ETC5900?

ETC5900 has no prerequisites, but enrolment rules apply.

What can I take after ETC5900?

ETC5900 is a prerequisite or corequisite for 4 units, including BFF5954, ETF5910, ETF5912 and ETF5922. Those lead on to 30 units in all.

When is ETC5900 offered?

In 2020, ETC5900 runs in Semester 1 and Semester 2 at Clayton.

How much work is ETC5900?

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

Does ETC5900 have an exam?

Yes. The exam is worth 110% of the final mark, alongside 3 other tasks.

More details

Credit points: 6
Level: 5
Study level: Postgraduate
Faculty: Faculty of Business and Economics
Organisational unit: Department of Econometrics and Business Statistics

Type: Coursework
EFTSL: 0.125
Student contribution: SCA Band 3
Study abroad: Not available
Handbook years: 20202021