This unit is a preparatory unit designed to build academic language, literacy and numeracy skills in students using vocational delivery and assessment methods. This unit covers the mathematical and statistical techniques necessary to describe and analyse data for the purpose of forecasting and managerial decision making in English. 
The unit will cover applications of mathematics and statistics. The mathematics component consists of business applications of percentages, depreciation methods and calculations and break-even analysis with business related problems. The statistics component consists of both descriptive and inferential statistics. It includes the collection, presentation and analysis of data, probability, forecasting, indices and hypothesis testing.

Unit details

Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
WDB1003

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Apply basic mathematical computation techniques to formulate solutions to business related mathematical problems including application of percentages and depreciation;  
  2. Conduct break even analysis using both graphical and algebraic approaches;  
  3. Work independently and collaboratively in teams to collect relevant data, analyse and evaluate data using descriptive and inferential statistical methods and solve probability problems;  
  4. Advise the appropriate statistical analysis technique to solve a given business problem, and justify selection of that technique; and  
  5. Conduct and analyse business forecasting using regression model and time-series analysis.  

Assessment

Assessment type Description Grade
Test Mathematics Online Quiz (150 words) 10%
Test Weekly Statistics Quizzes (500 words) 15%
Case Study Learning in the Work Place Simulated Group Assignment (850 words) 25%
Examination Final Examination (1500 words) 50%
NESB students will have an additional 15 minutes reading time in the Examination.

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