Monash University Handbook 2011 Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

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:

1. interpret business data using descriptive statistics techniques, including the use of spreadsheet functions
2. apply simple concepts of probability and probability distributions to problems in business decision-making
3. describe the role of statistical inference and applying inference methods to single population means
4. evaluate relationships between variables for business decision-making, using the concepts of correlation and simple linear regression
5. apply time series techniques of indexing, deflating, and forecasting to business and financial series, and interpreting the results.
6. demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.

Assessment

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

Prohibitions

BMS11, BUS1100, PMM2020, ETC1000, ETW1000, ETX1100, SCI1020, STA1010, ETW1102