Subject details

  • Topics
    • Descriptive statistics - graphical descriptive methods
    • Descriptive statistics - numerical descriptive methods
    • Discrete and continuous probability distribution
    • Introduction to statistical inference
    • Confidence interval estimators
    • Hypothesis testing
    • Correlation analysis and sample linear regression
    • Multiple regression model
    • Index numbers
  • Study resources
    • Instructional Methods
      • Audio/Video conferencing
      • Chat Rooms
      • Disscusion forum/Discussion Board
      • Online assignment submission
      • Podcasting/Leacture capture
      • Standard Media
      • Web links

At the completion of this subject students will be able to:

  1. organise, summarise and present data in relevant useful forms
  2. make use of data and range of methods that are useful in making inferences, about business problems
  3. recognise situations where statistical analysis would be of benefit
  4. use the statistical tools in the excel spreadsheet package to perform basic statistical data analysis and interpret results of the analysis.
  • Assignment 1 - Computer application project (20%)
  • Assignment 2 - Invigilated Exam (60%)
  • Assignment 3 - Graded online quizzes (20%)

Textbooks are subject to change within the academic year. Students are advised to purchase their books no earlier than one to two months before the start of a subject

Entry Requirements

Equivalent Subjects

You cannot enrol in this unit if you have successfully completed any of the following subject(s) because they are considered academically equivalent:

  • GRF-AFE134
  • GRF-IBA134

Special requirements

  • OtherDetails -
    • Audio/Visual equipment
    • Non-programmable calculator

    • Microsoft Excel 2010 - PC Version is recommended. Special arrangements with the textbook publishers will need to be made for students wanting to use Microsoft Excel on a Mac.

Please note: This subject has replaced AFE134 - Business Statistics.

This subject teaches the basic tools in statistics and computing. It examines areas such as business statistics, statistical inference, hypothesis testing with reference to business problems, construction of index numbers, correlation and forecasting based on regression analysis. It also provides hands-on experience in data analysis and interpretation using Microsoft Excel 2010. Assessment is based on graded online quizzes, a project using Microsoft Excel and a final examination.

This subject requires 10 hours per week time allocation for students to complete all required activities - reading the topic notes and the relevant chapters from the textbook, viewing the lecture recordings, completing homework problems, practising online quizzes and practising data analysis on Microsoft Excel.
Please note: This subject has replaced AFE134 - Business Statistics.

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