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

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

Subject outlines

• January 2020 [Standard]
• September 2019 [Standard]
• May 2019 [Standard]
• January 2019 [Standard]
• September 2018 [Standard]
• May 2018 [Standard]
• January 2018 [Standard]
• September 2017 [Standard]
• May 2017 [Standard]

Subject dates