|1.||Present and analyse basic business and economic data graphically and numerically and apply appropriate software such as MS Excel in modelling and problem solving;|
|2.||Determine an appropriate statistical analysis technique to solve a given business problem and to explain the selection of that technique;|
|3.||Develop understanding of the basic concepts of probability and random variables and distinguish discrete and continuous probability distributions;|
|4.||Exhibit developing professional capabilities in performing fundamental statistical inferences: estimating population mean and population proportion, testing hypothesis, constructing regression models, testing economic relationships, calculating and analysing indices; and|
|5.||Develop fundamental business forecasting skills and evaluate simple forecasting performance.|
Students studying under the VU Block Model.
|Test||Online In Class Quiz||15%|
|Test||Online In Class Quiz x 2||35%|
|Assignment||Applied Statistics Assignment||30%|
|Test||End of Block In Class Test (paper-based)||20%|
|Test||Business Maths Online Quiz (conducted during class time and supervised)||10%|
|Test||In Class Weekly Statistics Quizzes (conducted during class time and supervised)||15%|
Where to next?
As part of a course
This unit is studied as part of the following courses. Refer to the course page for information on how to apply for the course.
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