| Unit Code: | ECO1ISB |
| Unit Short Title: | INTRODUCTORY STATISTICS FOR BUSINESS |
| Credit Points: | 15.0 |
| Unit Description: | In this subject students consider how to communicate and interpret commercial and economic information in terms of statistical measures. The probability approach is introduced, with applications to inferential statistics and hypothesis testing using sampling distributions in the realms of economics and commerce. Simple linear regression and testing for various hypotheses in business, economics and finance is also covered. |
| Incompatibles: | ECO11BES/ECO12BES/ECO13BES |
| Class Requirements: | two 1-hour lectures, one 1-hour workshop and one 1-hour tutorial per week BE: three 1-hour lectures and one 1-hour tutorial per week |
| Work Experience Indicator: | Not undertaking work experience in industry |
| Available to 'Study Abroad' students: | N |
| Assessment Type | % | Comments |
|---|
| tutorial participation | 5 | |
| one mid-semester test | 10 | |
| assignments and project | 15 | |
| one 3-hour final examination | 70 | Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject |
| AW & BE: ten 100 word tutorials | 15 | Submitted weekly |
| AW: two 750-word assignment | 30 | SPSS based
Assignment 1 - Descriptive Statistics
Assignment 2 - Inferential Statistics
|
| AW: one 2-hour examination | 55 | Open Book exam
Hurdle requirement: Students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the unit
|
| BE: one 1500-word assignment | 30 | Assignment covers descriptive and inferential statistics. Students will use software such as SPSS or Excel to set up and solve some problems in this assignment. |
| BE: one 2-hour examination | 55 | Hurdle requirement - students must achieve at least 40% in the final examination as well as an overall total of 50% to pass the subject. |
