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Data and Analysis

Data Analysis for Business

In this subject, you will be introduced to mathematical and statistical methods for analysing scientific, business or technical data to inform and support decision-making. You will explore why data is needed and how it is used to make decisions, including how data are collected, analysed, interpreted and presented, and you will learn and apply a suite of common statistical and mathematical methods to generate evidence for decision-making. You will also be introduced to data management software and learn how to represent and communicate mathematical and statistical information effectively. Through case studies relevant to your discipline, you will learn how to problem solve, generate evidence, and present solutions using data handling and statistical approaches.This subject also builds on concepts of learning through practice from Year 1 by introducing you to more complex learning experiences including: - discipline-based skills and knowledge in dynamic practice situations. This will include authentic and purposeful, industry-related experiences- concepts of managing effective relationships and communicating with others- the development and use of adaptive leadership skills and how these skills relate to innovative and entrepreneurial practice - the nature of responsible, accountable, and reflective workplace skills, and creative and critical thinking relevant to para-professional practice. You will exercise self-awareness, initiative, and judgement to manage yourself and professional relationships effectively. The application of tacit knowledge and capabilities will be reflected in a Practice Manual.

Use data to make decisions in business, science, and technology. You’ll learn how to collect data, interpret it, and present it. Get to know statistical techniques and software. Communicate results clearly. Present solutions with confidence.

TAS-BEA140 Data Analysis for Business is a foundation unit in business statistics and the mathematics of finance, and is a core subject in the Bachelor of Economics and Bachelor of Business degrees. It is also a nominated elective in a wide range of other programs throughout the University of Tasmania.This subject is intended to provide a background capacity in mathematics of finance and statistical description and analysis, appropriate for a business student. The subject also includes an introduction to the basic use of tools such as Excel as an aid to analysis and presentation. The focus of the subject is on the practical use of data in business and economic decision environments, especially in an environment of risk and uncertainty.The subject is an introduction to the exciting world of applying mathematics and statistics to business problems. By studying a variety of examples based on real world problems, the unit highlights the application of quantitative methodologies to assist managers and decision makers in dimensioning and communicating risks and opportunities.

A business statistics course that covers the mathematics of finance. You’ll learn about the statistical process and get hands on with basic tools. Use data practically to solve real-world problems in economics and business.

University of Tasmania Statistics Subjects | Open Universities Australia

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