UnitLevel 1Undergraduate

FIT1006 Business information analysis

Faculty of Information Technology

FIT1006 Business information analysis is a level 1, 6-credit-point, undergraduate unit from the Faculty of Information Technology, offered in 2021 in Semester 1 at Clayton. It has no prerequisites and unlocks 23 units, leading on to 115 units in all.

Credit points: 6
Offered in 2021: Semester 1; Clayton
Assessment: Exam 60%; and 2 other tasks
Workload: 144 hours; per semester

This is the 2021 handbook entry. See the 2026 entry.

Reviews

No reviews yet. Be the first to review FIT1006.

Requisites

Before FIT1006

No prerequisites or corequisites besides the enrolment rules below.

After FIT1006

23 units list FIT1006 as a prerequisite or corequisite.

Show 15 more

Enrolment rules

Prohibition: BUS1100, ETC1000, ETF1100, ETP1100, ETS1102, ETW1000, ETW1102, ETX1100, MAT1097, STA1010, SCI1020

Prerequisite: A study score of 25 in VCE Mathematics Methods or Specialist Maths units 3 & 4 or 30 in Further Maths units 3 & 4 or MTH1010 or equivalent

Overview

This unit is designed to give students an introduction to statistical and quantitative methods within a business-related framework and to provide students with a sound foundation for more advanced statistical and quantitative studies. The unit will provide opportunities for the student to gain skills in the presentation of business and economic data, the use of frequency distributions, measures of central tendency and dispersion, principles of probability, use of probability distributions, sampling theory, estimation, hypothesis testing, regression analysis, the use of indices and forecasting methods.

Offerings in 2021

Teaching period	Campus	Mode
First semester	Clayton	On campus

Assessment

Written assignmentAssignmentThreshold hurdle
20%
TestIn class testThreshold hurdle
20%
Scheduled final assessment (2 hours and 10 minutes)ExamThreshold hurdle
60%

Learning outcomes

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

1
Perform basic statistical analysis by hand, using spread sheets and statistical software;
2
Communicate the results of descriptive statistical analysis in written form using appropriate graphical displays where relevant;
3
Analyse the predictability of statistical models taking measures of uncertainty (such as standard deviation and Pearson's correlation coefficient) into account;
4
Critically analyse sample selection and sampling methods;
5
Perform hypothesis tests for the mean and proportion;
6
Identify sources of data such as that provided by the Australian Bureau of Statistics, as well as other public domain and private data, such as from market research and polling.

Workload and teaching

Tutorials24 hours
Lectures24 hours
Teaching approachPeer assisted learning

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled online and face to face learning activities and independent study. Independent study may include associated reading 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 and online engagement.

Learning resources

Required resources

Selvanathan et al. (2017). Business Statistics (Abridged) Australia and New Zealand . (7th Edition) Cengage Learning (ISBN: 9780170369473)

Technology resources

Students may need to use the university laboratories to access statistical software during private study.

Students will use SYSTAT and Microsoft Excel to perform computer-based statistical calculations.

On campus students will participate in peer-assisted learning activities during lectures using their own mobile devices or laptops. Students DO NOT need to purchase additional equipment for these activities.

Calculators (including Graphing calculators) are allowed in the exam.

Where it fits

FIT1006 is part of 2 areas of study in the 2021 handbook.

Contacts

Chief Examiners: Dr John Betts

Common questions

What are the prerequisites for FIT1006?

FIT1006 has no prerequisites, but enrolment rules apply.

What can I take after FIT1006?

FIT1006 is a prerequisite or corequisite for 23 units, including BFF2701, ETB2111, ETC1010, ETC2410, ETC2420 and ETC2430. Those lead on to 115 units in all.

When is FIT1006 offered?

In 2021, FIT1006 runs in Semester 1 at Clayton.

How much work is FIT1006?

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

Does FIT1006 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.

Which majors and minors include FIT1006?

FIT1006 is part of Business information systems and IT for business.

More details

Credit points: 6
Level: 1
Study level: Undergraduate
Faculty: Faculty of Information Technology

Type: Coursework
EFTSL: 0.125
Student contribution: SCA Band 1
Study abroad: Not available
Handbook years: 202020212022 2023 2024 2025 2026