ETX1100

Business statistics ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: Mr Bruce Stephens, Dr Tissa Galagedera, Dr Jonathan Dark

Offered:
Caulfield First semester 2006 (Day)
Caulfield First semester 2006 (Evening)
Caulfield Second semester 2006 (Day)
Caulfield Second semester 2006 (OCL)
Malaysia Second semester 2006 (OCL)
Singapore Second semester 2006 (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