ETX1100

Business statistics (6 points)

(BUS)

Leader: Dr Paul Kim/Mr Tissa Galagedera/Mr Bruce Stephens

Offered:
Caulfield First semester 2003 (Day)
Caulfield First semester 2003 (Evening)
Caulfield Second semester 2003 (Day)
Caulfield Second semester 2003 (OCL)
Malaysia Second semester 2003 (OCL)
Singapore Second semester 2003 (OCL)
Caulfield First semester 2004 (Day)
Caulfield First semester 2004 (Evening)
Caulfield Second semester 2004 (Day)
Caulfield Second semester 2004 (OCL)
Malaysia Second semester 2004 (OCL)
Singapore Second semester 2004 (OCL)

Synopsis: Students will learn to use basic statistical techniques and their applications to problems in accounting, finance, management, marketing and business in general. Students should also be able to effectively communicate the results of their analyses. This unit covers descriptive statistics for revealing the information contained in data; probability as a tool for dealing with uncertainty and risk; probability distributions to model business behaviour; estimation and hypothesis testing techniques for decision making; simple tools for forecasting time series; and calculation and interpretation of basic price indices. Excel is used extensively.

Assessment: Assignments and tests: 30% + Final examination (3 hours): 70%

Contact Hours: Two 1-hour lectures, one 1-hour tutorial per week

Prohibitions: BMS11, BUS1100, PMM2020, ETC1000, ETW1102