Special Consideration
BUS102 Business Statistics
Unit Description
This unit presents basic statistical concepts and methods commonly used to make data-based decisions in business applications. Important topics that will be covered include tabular and graphical data display techniques, descriptive statistics using numerical measures, uncertainty and probability, sampling and sampling distributions, statistical estimations, inference, hypothesis tests and regression analysis in the context of business decision-making. The course does not dwell on the details of computations, rather its focus is on understanding concepts, interpreting data and statistical results for informed business decisions.
Expected Student Workload
Number of timetabled hours per week: 4 hours (2 hours in lecture and 2 hours in tutorial)
No. personal study hours per week: 6 hours
Total workload hours per week: 10 hours
Prerequisites
Nil
Unit Weighting
Unit credit points: 10
Total course credit points: 240
Delivery Mode
Face to face on VSC campus
Unit Learning Outcomes (ULO)
ULO1: Explain the role of statistical analysis for decision making.
ULO2: Apply commonly used techniques for data collection and analysis.
ULO3: Explain the concepts of descriptive statistics and use sample statistics to make inferences about population characteristics.
ULO4: Collaborate effectively to use statistical analysis and statistical data into meaningful information by means of statistical software.
ULO5: Communicate the interpretations of the results of statistical analysis logically and persuasively in a professional manner appropriate to a business environment.