Monash University Handbook 2010 Undergraduate - Unit

Synopsis

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.

Objectives

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.

Assessment

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

Prohibitions

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