This subject is designed to foster the development of foundational statistical skills that are necessary for day-to-day business analysis. The objectives of this subject are to (a) provide a basic knowledge of the application of mathematics and statistics to business disciplines; (b) develop the ability to analyse and interpret data to provide meaningful information to assist in making management decisions; and (c) develop an ability to apply modern quantitative tools (Microsoft Excel) to data analysis in a business context. Particular emphasis will be placed on determining when it is appropriate to use the various techniques and how to use Excel to conduct analyses.
|Faculty||Bond Business School|
1. Produce appropriate graphical and numerical descriptive statistics for different types of data.
2. Apply probability rules and concepts relating to discrete and continuous random variables to answer questions within a business context.
3. Demonstrate knowledge of the importance of the Central Limit Theorem (CLT) and its applications.
4. Conduct and interpret a variety of hypothesis tests to aid decision making in a business context.
5. Use simple/multiple regression models to analyse the underlying relationships between the variables through hypothesis testing.
6. Use a statistical package frequently used by practitioners to analyse the data using techniques from SLOs 1-5.
|Withdraw – Financial?||08/02/2020|
|Withdraw – Academic?||29/02/2020|
|Withdraw – Financial?||10/10/2020|
|Withdraw – Academic?||31/10/2020|