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Subject details

On successful completion of this unit students will be able to:

  1. Summarise and interpret financial information
  2. Apply fundamental concepts of probability and probability distributions to problems in business decision-making
  3. Apply statistical inference methods to conduct and explain the results of hypothesis testing
  4. Apply linear regression analysis to model the relationship between variables to draw inferences about relationships.
    • Financial Mathematics
    • Descriptive Statistics
    • Probability and Probability Distributions
    • Sampling and Estimation
    • Hypotheses testing
    • Linear Regression

  • Study resources

    • Instructional methods

      • Discussion forum/Discussion Board
      • Embedded Multimedia
      • Online Quizzes/Tests
      • Online assignment submission
      • Web links

    • Print materials

      • Welcome letter

Others

Please note that if you have already studied any of the mutually exclusive unit(s) listed above, you should check the Course Structure of your degree to see whether you will be able to get credit for this unit, as well as the unit(s) previously studied, towards that qualification.

Special requirements

No special requirements

Financial Statistics provides an introduction to financial mathematics and basic statistics within a financial context. It will assist students to gain an appreciation of what statistical methods can achieve, as well as skills in analysing and interpreting business data and statistical analysis. This subject will focus on data science as an analytical and decision making tool, in a variety of business contexts, with a major emphasis on interpretation and application.

  • Online Quizzes (25-35%)
  • Invigilated Exam (30-50%)
  • Assignment (25-35%)

Click on the titles of the listed books below to find out more:

Business Statistics, global ed.

Groebner et al.

Required

Related degrees

undergraduate SWI-BUS-DEG-2018

Bachelor of Business
13 available majors
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  • Bachelor of Business Core Subjects
  • Major in Advertising (this Major is currently in teach-out)
  • Major in Economics
  • Major in Finance
  • Major in Information Systems
  • Major in Marketing
  • Co-Major in Advertising (this Co-Major is currently in teach-out)
  • Co-Major in Economics (for Finance students)
  • Co-Major in Economics (not for Finance students)
  • Co-Major in Finance (cannot be taken with the Finance or Economics Major)
  • Co-Major in Finance (for Economics students)
  • Co-Major in Information Systems
  • Co-Major in Marketing (cannot be taken with the Marketing Major)

undergraduate SWI-CIS-DEG-2018

Bachelor of Business Information Systems
5 available majors
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  • Core Subjects Information Systems
  • Major in Business Analysis
  • Major in Data Analytics
  • Co-Major in Economics
  • Co-Major in Marketing