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, offered in 2023 in Semester 1 and Semester 2 at Caulfield and Clayton. It has no prerequisites and unlocks 7 units, leading on to 35 units in all.
- Credit points
- 6
- Offered in 2023
- Semester 1, Semester 2
- Caulfield, Clayton
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 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.
- ETM5900Business statisticsNo reviews yet
- STA1010Statistical methods for scienceNo reviews yet
- ETW1001Introduction to statistical analysisNo reviews yet
- ETF5900Business statisticsNo reviews yet
- FIT1006Business information analysisNo reviews yet
- ETX1100Business statisticsNo reviews yet
- SCI1020Introduction to statistical reasoningRated 5.0 out of 5 from 1 review
- ETC1000Business and economic statisticsNo reviews yet
- ETC5900Business statisticsNo reviews yet
- ETB1100Business statisticsNo reviews yet
- ETF1100Business statisticsNo reviews yet
After ETX5900
7 units list ETX5900 as a prerequisite or corequisite.
- BFF5954Business financeNo reviews yet
- ETC5256Statistical modelling for actuarial studiesNo reviews yet
- ETF5202Statistical foundations of business analyticsNo reviews yet
- ETF5248Optimisation for businessNo reviews yet
- ETF5910Introductory applied econometricsNo reviews yet
- ETF5912Data analysis in businessNo reviews yet
- ETF5922Data visualisation and analyticsNo reviews yet
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 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| First semester | Clayton | On campus |
| Second semester | Caulfield | On campus |
| Second semester | Clayton | On campus |
| November teaching period | Caulfield | Block on |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
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
- Tutorials24 hours
- Seminars18 hours
- Lectures18 hours
- Teaching approachProblem-based learning
- Teaching approachActive 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.
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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Technology resources
Microsoft Excel is required for this unit.
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.
Contacts
- Chief Examiners
- Ms Charanjit Kaur
Common questions
What are the prerequisites for ETX5900?
ETX5900 has no prerequisites, but enrolment rules apply.
What can I take after ETX5900?
ETX5900 is a prerequisite or corequisite for 7 units, including BFF5954, ETC5256, ETF5202, ETF5248, ETF5910 and ETF5912. Those lead on to 35 units in all.
When is ETX5900 offered?
In 2023, ETX5900 runs in Semester 1 and Semester 2 at Caulfield and Clayton.
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.