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, offered in 2025 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 8 units, leading on to 43 units in all.

Credit points: 6
Offered in 2025: Semester 1, Semester 2; Caulfield
Assessment: Exam 100%; and 4 other tasks
Workload: 144 hours; per semester

This is the 2025 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

8 units list ETX5900 as a prerequisite or corequisite.

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 2025

Teaching period	Campus	Mode
First semester	Caulfield	On campus
Second semester	Caulfield	On campus
November teaching period	Caulfield	On campus, block

Assessment

Within semester assessment
50%
Examination
50%
Exercise
15%
Quiz / Test
20%
Written
15%
Examination
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

Workshops36 hours
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.

Microsoft Excel is required for this unit.

Contacts

Chief Examiners: Mrs 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 8 units, including BFF5954, ETC5241, ETC5256, ETF5202, ETF5248 and ETF5910. Those lead on to 43 units in all.

When is ETX5900 offered?

In 2025, ETX5900 runs in Semester 1 and Semester 2 at Caulfield.

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 100% of the final mark, alongside 5 other tasks.

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 1
Study abroad: Not available
Handbook years: 2021 2022 2023 202420252026 2027