Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedBerwick First semester 2010 (Day)
Berwick Second semester 2010 (Day)
Gippsland First semester 2010 (Day)
Gippsland First semester 2010 (Off-campus)
Gippsland Second semester 2010 (Day)
Gippsland Second semester 2010 (Off-campus)
Sunway First semester 2010 (Day)
Sunway Second semester 2010 (Day)
Sunway Summer semester A 2010 (Day)
Singapore First semester 2010 (Off-campus)
Peninsula First semester 2010 (Day)
Peninsula Second semester 2010 (Day)
South Africa First semester 2010 (Day)
South Africa Second semester 2010 (Day)
Coordinator(s)Dr Mindi Nath (Gippsland); Dr Jill Wright (Berwick); Dr Santha Vaithilingham (Malaysia); Mr Hugh O'Reilly (Peninsula); To be advised (South Africa)


Introduction to spreadsheeting. Descriptive statistics. Elementary probability. Discrete and continuous probability distributions. Statistical inference. Simple linear regression and correlation. Forecasting and time series. Index numbers.


The learning goals associated with this unit are to:

  • interpret business data using descriptive statistics techniques, including the use of spreadsheet functions
  • apply simple concepts of probability and probability distributions to problems in business decision-making
  • describe the role of statistical inference and applying inference methods to single population means
  • evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression
  • apply time series techniques of indexing, deflating, and forecasting to business and financial series, and interpreting the results.


Within semester assessment: 30%
Final examination (3 hours): 70%

Chief examiner(s)

Jill Wright

Contact hours

Two 1-hour lectures and one 2-hour tutorial per week


BMS11, BUS1100, PMM2020, ETC1000, ETW1000, ETX1100, SCI1020, STA1010