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DETAILS FOR BUSINESS STATISTICS

New to university studies & it all seems too hard? Worried about writing essay papers? Or where to begin researching? Or you feel confident in writing, but want to learn the skills of evaluating the masses of information we are bombarded with? This unit is for you! It will give you the tools of how to succeed in your undergraduate academic studies. It will examine how you learn, plus challenge you to think deeper, wider and more creatively. It will also encourage you in how to critically evaluate and reflect on information. Plus develop your skills in how to put it all together in an essay paper or oral presentation.
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Quick Info

  • Currently offered by Alphacrucis: Yes
  • Course code: BUS201
  • Credit points: 10

Awards offering Business Statistics

This unit is offered as a part of the following awards:

  • Bachelor of Business
  • Bachelor of Business / Bachelor of Ministry

Unit Content

Curriculum Objective

TBA

Outcomes

  1. Describe the role of statistics in contemporary business. This includes consideration of the ethical responsibilities of the researcher;
  2. Explain key statistical concepts, methods of data collection and data analysis techniques;
  3. Critically analyse, summarise and present data using appropriate data analysis techniques. This includes drawing conclusions at appropriate reliability levels from statistical reports;
  4. Identify the specific needs for data analysis and its role in NGOs and NFP organisations;
  5. Demonstrate skills in analyzing data, such as estimation, comparison of frequencies, variance, regression and correlation, time series analysis and forecasting.

Subject Content

  1. Introduction to economic and business statistics
  2. Charts and Graphs
  3. Describing distributions
  4. Probability and discrete random variables
  5. Mean and variance as expectations
  6. (Using discrete random variables)
  7. Normal distribution
  8. Samples from a population
  9. Shape of sampling distribution
  10. Hypothesis testing of one population mean
  11. Hypothesis testing of two population means
  12. Linear regression
  13. Linear regression extensions

This course may be offered in the following formats

  1. Face-to-Face
  2. Intensive
  3. Distance / Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis College.

Assessment Methods

  • Online Exams (15%)
  • Group Project (25%)
  • Final Exam (60%)

Prescribed Text

  • Black, K., Asafu-Adjaye, J., Burke, P., Khan, N., King, G., Perera, N., Sherwood, C., Verma, R. & Wasimi, S. (2013). Australasian Business Statistics (3rd ed.). Milton, Qld.: John Wiley & Sons Australia.Check with the instructor each semester before purchasing any textbooks

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