GCO4807

Business statistics and applications

P R Rayment and B Nath

6 points
* Second semester
* Distance

Objectives On completion of this subject students will be able to access and analyse business data, and apply statistical methods to improve business decisions making.

Synopsis Introduction to quantitative methods and statistics in business and commerce. The main topics include presentation of business data, index numbers, financial and economic performance indicators, accessing and using Australian Bureau of Statistics data, measures of central tendency and dispersion, marginal analysis, frequency and probability distributions, regression and correlation, simple hypothesis testing, sampling methods and applications, statistics in quality management with applications in service and production industry.

Assessment Assignment: 30%
* Examination: 70%

Prescribed texts

Harrison S R and Tamaschke H U Statistics for business, economics and management Prentice-Hall, 1993

Recommended texts

Bechtold B and Johnson R Statistics for business and economics PWS-Kent, 1989