Business Statistics

UTS

Course Description

  • Course Name

    Business Statistics

  • Host University

    UTS

  • Location

    Sydney, Australia

  • Area of Study

    Business, Business Administration, Business Management, International Business, Statistics

  • Language Level

    Taught In English

  • Prerequisites

    26100c Integrating Business Perspectives

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    6
  • Recommended U.S. Semester Credits
    4
  • Recommended U.S. Quarter Units
    6
  • Overview

    Description
    This subject is designed to develop students' abilities to assess and critically interpret statistics and business information and apply them in changing business environments. The subject places strong emphasis on developing a clear theoretical understanding of various analytical tools as well as an appreciation of the application statistics to business decisions. These skills and competencies provide a foundation for professional practice for further study in the many different majors of the degree.
    Subject objectives
    Upon successful completion of this subject students should be able to:
    1. apply standard statistical tools in various business decision contexts within a professionally responsible framework
    2. apply appropriate quantitative analytical techniques to qualify, support, select and evaluate data as information for business decision-making
    3. effectively interpret and communicate results of quantitative analyses for business decision-making
    4. effectively use a computer-based data analysis package (i.e. Excel) to critically analyse data.
    This subject also contributes specifically to the following program learning objectives:
    Locate, select and analyse relevant data and resources (2.1)
    Contribution to the development of graduate attributes
    This subject contributes to the Bachelor of Business in that it develops students' abilities to access and critically interpret statistics and its application in business decision-making. The subject places strong emphasis on developing a clear theoretical understanding of various analytical tools as well as an appreciation of their application to business decisions. The subject will develop skills linked to the Faculty?s graduate attribute that looks at developing critical thinking, creativity and analytical skills.
    Teaching and learning strategies
    A range of face-to-face and online teaching strategies will be used in the delivery of the subject. Lectures involve face-to-face content delivery and also employ a wide range of media and electronic resources to enhance appreciation of the theoretical concepts covered during the sessions. A comprehensive tutorial program is available to students. Students are required to prepare in advance for tutorial sessions. To facilitate this advance preparation students are afforded online support through UTSOnline. The subject employs a mainstream textbook with many accompanying teaching resources. A set of animated computer tutorials facilitates self paced learning.
    Content
    ? Introduction to types of data
    ? Descriptive statistics (graphical and numerical measures)
    ? Introduction to probability including discrete and continuous probability distributions
    ? Sampling and sampling distributions
    ? Interval estimation
    ? Hypothesis testing
    ? Comparisons involving means and proportions
    ? Linear regression
    Assessment
    Assessment task 1: Report (Individual)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2, 3 and 4
    This addresses program learning objectives(s):
    2.1
    Weight: 20%
    Assessment task 2: Quizzes (Individual)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2 and 3
    Weight: 40%
    Assessment task 3: Final Exam (Individual)
    Objective(s):
    This addresses subject learning objective(s):
    1, 2 and 3
    Weight: 40%
    Length:
    1 hour, short answer format. Closed book exam.
    Minimum requirements
    Students must achieve at least 50% of the subject?s total marks.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.