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STAT71-112: Quantitative Methods

Description

This subject provides the opportunity to develop the foundational mathematical and statistical skills necessary for subsequent quantitative subjects in the Bond Business School. This includes applications of calculus, probability, discrete and continuous random variables, sampling distributions, hypothesis testing, and application of the central limit theorem to large sample inference and data analytics. Popular statistical computing packages are used as an integral part of the subject to provide an applied focus throughout the subject.

Subject details

TypePostgraduate
CodeSTAT71-112
EFTSL0.125
FacultyBond Business School
Semesters offered
  • September 2020 [Standard Offering]
  • January 2021 [Standard Offering]
  • May 2021 [Standard Offering]
  • September 2021 [Standard Offering]
  • January 2022 [Standard Offering]
  • May 2022 [Standard Offering]
  • September 2022 [Standard Offering]
Credit10
Study areas
  • Business and Commerce
Subject fees
  • Current: $4,930
  • Commencing in May 2021: $5,110

Learning outcomes

1. Recognise different types of data and produce appropriate graphical and numerical descriptive statistics.
2. Apply probability rules and concepts relating to discrete and continuous random variables to answer questions within a business context.
3. Apply the concept of expectation and variance for discrete distributions such as Binomial and Poisson, and continuous distributions such as Uniform, Exponential and Normal to answer questions within a business context.
4. Demonstrate knowledge of the importance of the Central Limit Theorem (CLT) and its uses and applications.
5. Conduct and interpret a variety of hypothesis tests to aid decision making in a business context.
6. Use a statistical package frequently used by practitioners to analyse the data using techniques from SLOs 1-5.

Enrolment requirements

Requisites: ?

Nil

Restrictions: ?

Nil

Subject outlines

Subject dates

Standard Offering
Enrolment opens10/11/2019
Semester start13/01/2020
Subject start13/01/2020
Cancellation 1?27/01/2020
Cancellation 2?03/02/2020
Last enrolment26/01/2020
Withdraw – Financial?08/02/2020
Withdraw – Academic?29/02/2020
Teaching census?07/02/2020
Standard Offering
Enrolment opens02/08/2020
Semester start14/09/2020
Subject start14/09/2020
Cancellation 1?28/09/2020
Cancellation 2?05/10/2020
Last enrolment27/09/2020
Withdraw – Financial?10/10/2020
Withdraw – Academic?31/10/2020
Teaching census?09/10/2020
Standard Offering
Enrolment opens15/11/2020
Semester start18/01/2021
Subject start18/01/2021
Cancellation 1?01/02/2021
Cancellation 2?08/02/2021
Last enrolment31/01/2021
Withdraw – Financial?13/02/2021
Withdraw – Academic?06/03/2021
Teaching census?12/02/2021