UnitLevel 1Undergraduate

ETW1000 Business and economic statistics

Faculty of Business and Economics

ETW1000 Business and economic 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 Malaysia. It has no prerequisites and unlocks 27 units, leading on to 102 units in all.

Credit points
6
Offered in 2020
Semester 1, Semester 2
Malaysia
Assessment
Exam 60%
and 1 other task
Workload
144 hours
per semester

The 2027 handbook has no page for ETW1000. This is its 2020 entry, the latest one.

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Requisites

Equivalent units

The same content under another code. Only one of them counts.

Overview

An introduction to descriptive statistics -- the collection, organisation, presentation and analysis of grouped and ungrouped data using measures of location and dispersion; the construction of index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression, with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals, testing a hypothesis, including analysis of variance.

Offerings in 2020

Teaching periodCampusMode
First semesterMalaysiaOn campus
Second semesterMalaysiaOn campus

Assessment

  • Within semester assessment
    40%
  • ExaminationThreshold hurdle
    60%

Learning outcomes

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

  1. 1

    interpret business and economic data using tables, charts and descriptive techniques where appropriate

  2. 2

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

  3. 3

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

  4. 4

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

  5. 5

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

Workload and teaching

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

Anderson, D.R., Sweeney, D.J., Williams, T.A., Camm, J.D. and Cochran, J.J., Statistics for Business and Economics , 12 th Edition, Cengage Learning, 2014.

Where it fits

ETW1000 is part of 3 areas of study in the 2020 handbook.

Contacts

Chief Examiners
Mr Chun Minsoo

Common questions

What are the prerequisites for ETW1000?

ETW1000 has no prerequisites.

What can I take after ETW1000?

ETW1000 is a prerequisite or corequisite for 27 units, including BEW3555, BFF2701, ECC3860, ETB2111, ETC1010 and ETC2410. Those lead on to 102 units in all.

When is ETW1000 offered?

In 2020, ETW1000 runs in Semester 1 and Semester 2 at Malaysia.

How much work is ETW1000?

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

Does ETW1000 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 1 other task.

Which majors and minors include ETW1000?

ETW1000 is part of Business analytics; and Econometrics and 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
2020