|1.||Identify business and economic data graphically and numerically. Explain relationships between graphs and numerical data. Explain the relationships between statistics and elementary probability;|
|2.||Distinguish distributions drawn from discrete and continuous data, e.g. binomial and normal distributions;|
|3.||Generate forecasts in business and economic contexts;|
|4.||Apply appropriate software such as Excel in modelling and problem solving;|
|5.||Predict relevant relations between economic variables using regression models;|
|6.||Formulate and explain a hypothesis arising out of a given regression model; and,|
|7.||Undertake calculations to support statistical methods.|
Students studying under the VU Block Model.
|Test||In-class quizzes - 3 progressive assessments (3 x 5%)||15%|
|Test||Progressive In-class tests (2 x 10%)||20%|
|Project||Assignment - 3 progressive assessments (5%, 15%, 15%)||35%|
|Test||Test (1 hour)||15%|
|Assignment||Portfolio of 7 tasks||35%|
|Examination||Final examination (2.5 hours)||50%|
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