ETW1000 - Business and economic statistics - 2018

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate - Unit

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


Business and Economics

Organisational Unit

Department of Econometrics and Business Statistics

Chief examiner(s)

Professor Brett Inder


Dr Jason Ng Wei Jian

Unit guides



  • First semester 2018 (On-campus)
  • Second semester 2018 (On-campus)


ETC1000, ETG1102, ETW1102, ETX1100, ETB1100, ETP1100, ETX9000, FIT1006, STA1010, SCI1020


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.


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.


Within semester assessment: 40% + Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information