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ETX1100 - Business statistics

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

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


Caulfield First semester 2007 (Day)
Caulfield First semester 2007 (Evening)
Caulfield Second semester 2007 (Day)


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.


The learning objectives of this unit are to:


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

Contact hours

Two 1-hour lectures, one 1-hour tutorial per week


BMS11, BUS1100, PMM2020, ETC1000, ETW1102