Unit of Study STAT5001 Business Analytics (2024)

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Unit Snapshot

Unit type

PG Coursework Unit
Credit points

12
Faculty & College

Faculty of Business, Law and Arts
Placement

No

Anti-requisites

ECON5001 - Economics and Quantitative Analysis

Unit description

Introduces students to business analytics. Statistical tools to analyse and model real-world situations and data are developed. The interpretation and communication of the results are emphasised. Excel is used for statistical calculations.

Unit content

Module 1: Introduction to business analytics
Module 2: Probability and data modelling
Module 3: Statistical distributions
Module 4: Confidence interval estimations
Module 5: Hypothesis testing
Module 6: Introduction to regression modelling

Availabilities

Location	Domestic	International
Gold Coast	Term1,3,5	Term1,3,5
Melbourne	Term1,3	Term1,3
Online	Term1,5	Term1,5
Perth	Term1,3	Term1,3
Sydney	Term1,3	Term1,3

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

On completion of this unit, students should be able to:

critically analyse and interpret business and economic data to inform decision making

critically evaluate business and economic data that is characterised by uncertainty

analyse and apply regression modelling techniques to evaluate and inform decision making.

Teaching and assessment

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Calculations	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Calculations	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hour (Weekly)

Assessment
Quiz	20%
Calculations	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Calculations	30%
Report	50%

Teaching method

Workshop 1 hour (Weekly)

Tutorial 2 hours (Weekly)

Assessment
Quiz	20%
Calculations	30%
Report	50%

Prescribed learning resources

Prescribed Texts

This is the ISBN for the Value Pack Basic Business Statistics + PHStat Access kit for Statistics: Berenson, ML, Levine, DM, Szabat, KA, O’Brien, M, Jayne, N & Watson, J, 2018, Basic Business Statistics, 5th edn, Pearson Australia. ISBN: 9781488687921.

Prescribed Resources/Equipment

Access to a computer with a webcam and reliable internet connection.

Prescribed Texts

This is the ISBN for the Value Pack Basic Business Statistics + PHStat Access kit for Statistics: Berenson, ML, Levine, DM, Szabat, KA, O’Brien, M, Jayne, N & Watson, J, 2018, Basic Business Statistics, 5th edn, Pearson Australia. ISBN: 9781488687921.

Prescribed Resources/Equipment

Access to a computer with a webcam and reliable internet connection.

Prescribed Texts

This is the ISBN for the Value Pack Basic Business Statistics + PHStat Access kit for Statistics: Berenson, ML, Levine, DM, Szabat, KA, O’Brien, M, Jayne, N & Watson, J, 2018, Basic Business Statistics, 5th edn, Pearson Australia. ISBN: 9781488687921.

Prescribed Resources/Equipment

Access to a computer with a webcam and reliable internet connection.

Prescribed Learning Resources may change in future Teaching Periods.

Fee information

Domestic

Commonwealth Supported courses
For information regarding Student Contribution Amounts please visit the Student Contribution Amounts.

Fee paying courses
For postgraduate or undergraduate full-fee paying courses please check Domestic Postgraduate Fees OR Domestic Undergraduate Fees.

Find out more for domestic fees