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 2020 in Semester 1 and Semester 2 at Caulfield and City (Melbourne). It has no prerequisites and unlocks 25 units, leading on to 100 units in all.

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

This is the 2020 handbook entry. See the 2027 entry.

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Requisites

Before ETF1100

Prohibitions

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

One of

After ETF1100

25 units list ETF1100 as a prerequisite or corequisite.

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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 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. Excel software will be used.

Offerings in 2020

Teaching period	Campus	Mode
First semester	Caulfield	On campus
First semester (Fully flex)	Caulfield	Flexible
Second semester	Caulfield	On campus
November teaching period	Caulfield	On campus
Trimester A	City (Melbourne)	On campus
Trimester B	City (Melbourne)	On campus
Trimester C	City (Melbourne)	On campus

Assessment

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

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 simple linear regression
5
apply suitable statistical techniques for describing and forecasting time series data.

Workload and teaching

Tutorials18 hours
Workshops30 hours
Workshops33 hours
Lectures10 hours
Lectures24 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.

Learning resources

Required resources

The unit will make a lot of use of the spreadsheet software program Microsoft Excel. If you do not already have a copy of this program on your computer it can be downloaded free by students at this website: https://www.microsoft.com/en-us/education/products/office

City campus: Statistics for Managers, ISBN 9781307345315

Technology resources

The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).

Where it fits

ETF1100 is part of 2 areas of study in the 2020 handbook.

Contacts

Chief Examiners: Professor Mark Crosby; Dr Daniel Melser; Ms Charanjit Kaur

Common questions

What are the prerequisites for ETF1100?

ETF1100 has no prerequisites.

What can I take after ETF1100?

ETF1100 is a prerequisite or corequisite for 25 units, including BFF2701, ECC3860, ETB2111, ETC1010, ETC2410 and ETC2420. Those lead on to 100 units in all.

When is ETF1100 offered?

In 2020, ETF1100 runs in Semester 1 and Semester 2 at Caulfield and City (Melbourne).

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 110% of the final mark, alongside 3 other tasks.

Which majors and minors include ETF1100?

ETF1100 is part of Business statistics.

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 2
Study abroad: Not available
Handbook years: 20202021 2022 2023 2024 2025 2026 2027