UnitLevel 5Postgraduate

ETX5900 Business statistics

Faculty of Business and Economics

ETX5900 Business statistics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics. It isn't offered in 2021. It has no prerequisites.

Credit points: 6
Offered in 2021: Other periods; Caulfield, Suzhou
Assessment: Exam 50%; and 1 other task
Workload: 144 hours; per semester

This is the 2021 handbook entry. See the 2027 entry.

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Requisites

Before ETX5900

Prohibitions

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

One of

After ETX5900

No unit lists ETX5900 as a prerequisite in the 2021 handbook.

Enrolment rules

If you are enrolled in course B6014 you cannot undertake this unit.

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. Applications to critical analysis of business and economic data will be emphasised. Excel software will be used.

Offerings in 2021

Teaching period	Campus	Mode
October 12 week teaching period	Caulfield	On campus
October 12 week teaching period	Suzhou	On campus

Assessment

Within semester assessment
50%
ExaminationCompetency 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

Lectures18 hours
Tutorials18 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.

Contacts

Chief Examiners: Ms Charanjit Kaur

Common questions

What are the prerequisites for ETX5900?

ETX5900 has no prerequisites, but enrolment rules apply.

When is ETX5900 offered?

ETX5900 has no offerings listed in the 2021 handbook.

How much work is ETX5900?

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

Does ETX5900 have an exam?

Yes. The exam is worth 50% of the final mark, alongside 1 other task.

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 4
Study abroad: Not available
Handbook years: 20212022 2023 2024 2025 2026 2027