Topics include sampling methods and estimation of point and confidence intervals; hypothesis tests; non-parametric tests; analysis of variance; Chi-square tests; multiple regression and residual analysis; discriminant analysis and factor analysis.
BEO1106 - Business Statistics
|1.||Formulate and justify an appropriate sampling method to obtain information from a target population;|
|2.||Adopt appropriate statistical estimation methods and tests in analysing business problems;|
|3.||Analyse business related data using appropriate Excel functionalities to provide specific recommendations to real-world business problems;|
|4.||Derive statistical models using statistical findings and make use of such findings in writing reports to evaluate alternative policy options and justify recommendations in decision making; and|
|5.||Exhibit effective interpersonal skills to successfully collaborate with and influence others in teams to achieve group outcomes whilst maintaining responsibility and accountability of own learning and professional practice.|
Students studying under the VU Block Model.
|Test||In class test||50%|
|Report||Group Report (including Learning Journal)||25%|
Business Statistics: Concepts and Applications (5th ed).
Berenson, M.L., Levine, D.M., Szabat, K. A., Watson, J., Jayne, N., & O'Brien, M. (2019).
Melbourne: Pearson Australia.
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