UnitLevel 1Undergraduate

ETF1100 Business statistics

Faculty of Business and Economics

ETF1100 Business statistics is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 27 units, leading on to 128 units in all.

Credit points: 6
Offered in 2027: Semester 1, Semester 2; Caulfield
Assessment: Exam 50%; and 3 other tasks
Workload: 144 hours; per semester

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Requisites

Before ETF1100

Prohibitions

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

One of

After ETF1100

27 units list ETF1100 as a prerequisite or corequisite.

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Enrolment rules

If you are enrolled in course B2007 you cannot undertake this unit.

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 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

This unit introduces you to the basic foundations of Business Analytics and Statistics. You will learn how to work with data, in conjunction with basic statistics and spreadsheet tools, to solve simple business problems. The unit introduces the appropriate methods to visualise and summarise data, and statistical tools to quantify uncertainty that may arise from data analysis. You will learn how to assess relationships between business variables, and learn how to build basic regression models to capture such relationships in a business context. Spreadsheet optimisation tools that assist in solving business optimisation problems will also be covered. The skills learnt from this unit assist you in developing critical thinking and analytical skills around data and decision making in business.

Offerings in 2027

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

Assessment

Exercise
20%
Quiz / Test
15%
Written
15%
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
classify the different data types and construct appropriate data visualisation tools for effective data presentation
2
analyse probability in a given business context to support decision making
3
apply the concept of random sampling to evaluate uncertainty in statistics and formulate hypothesis testing problems using business data for decision-making
4
analyse relationships between business data using appropriate visualisation and statistical tools
5
build the simple and multiple regression model in Excel and communicate the results in relevant business contexts, including in a team setting
6
solve basic business optimisation problems using Excel.

Workload and teaching

Workshops24 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.

Where it fits

ETF1100 is part of 6 areas of study in the 2027 handbook.

Contacts

Chief Examiners: Associate Professor Susan Wei; Dr Alyssa Hu

Common questions

What are the prerequisites for ETF1100?

ETF1100 has no prerequisites, but enrolment rules apply.

What can I take after ETF1100?

ETF1100 is a prerequisite or corequisite for 27 units, including ACX3300, BFF2701, ECF3800, ETC1010, ETC2410 and ETC2420. Those lead on to 128 units in all.

When is ETF1100 offered?

In 2027, ETF1100 runs in Semester 1 and Semester 2 at Caulfield.

How much work is ETF1100?

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

Does ETF1100 have an exam?

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

Which majors and minors include ETF1100?

ETF1100 is part of Business analytics and statistics; Financial econometrics; Supply chain management; and Sustainability and responsible management.

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