units

ETW1000

Faculty of Business and Economics

18 September 2017 22 December 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

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

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

LevelUndergraduate
FacultyFaculty of Business and Economics
OfferedSunway First semester 2012 (Day)
Sunway Second semester 2012 (Day)
Coordinator(s)Malaysia: Dr Soo Siew Choo, Mr Thiagu.

Synopsis

An introduction to descriptive statistics -- the collection, organisation, presentation and analysis of grouped and ungrouped data using measures of location and dispersion; the construction of index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression, with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals, testing a hypothesis, including analysis of variance.

Outcomes

The learning goals associated with this unit are to:

  1. interpret business and economic data using descriptive statistics techniques
  2. construct and interpret index numbers
  3. describe the concept of a sampling distribution, estimators and their properties
  4. use P values to make inference on single population means for business and economic decision-making
  5. interpret and evaluate relationships between variables for business and economic decision-making using simple linear regression
  6. apply the main ideas of probability theory, discrete and continuous probability distributions to business and economic decision-making.

Assessment

Within semester assessment: 30%
Examination (2 hours): 70%

Chief examiner(s)

Dr Kathryn Cornwell, Professor Brett Inder

Contact hours

4 hours per week

Prohibitions

ETC1000, ETG1102, ETW1102, ETX1100, ETX9000, FIT1006, STA1010, SCI1020