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Data Analysis for Business

Undergraduate | TAS-BEA140 | 2024

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.

Enrol today with instant approval and no entry requirements

Study method
100% online
Subject may require attendance
Enrol by
14 July 2024
Entry requirements
No ATAR needed,
No prior study
14 weeks
Start dates
27 May 2024,
22 July 2024

Price from


Upfront cost


HECS-HELP and FEE-HELP available

Data Analysis for Business

About this subject

  • Upon completion of this subject, the student should be able to:

    1. Apply basic concepts of time valuation of money to common situations in business/personal finance
    2. Inform and communicate evidence-based decisions using data description and probability concepts
    3. Draw conclusions and communicate properties about sample populations
    4. Quantify an association between two variables, explain variation and improve outcome prediction.

Entry requirements

No entry requirements

Additional requirements

  • Software requirements - CALCULATORS It is essential to have a calculator with the ability to take square roots, raise to powers and with a memory. It is advantageous, but not necessary, to have a calculator with basic inbuilt statistical functions. It is possible to obtain a calculator for less than $30 that will suffice. If in doubt, check with a tutor. It is essential that you are competent in basic calculator operation. It is probably wise to avoid buying a second hand calculator if the original owner has lost the instruction manual. Any handheld battery powered calculator may be used in the end of year exam, providing it does not have communications capability. i.e. calculators with Wi-Fi, GSM, Bluetooth or NFC are not permitted. You may not use a smart phone or smart watch as a calculator in the examination, nor may you use a tablet. MICROSOFT EXCEL You will be instructed and provided with some learning resources on how to use aspects of Excel. The ability to interpret a standard Excel regression output is examinable. You may find Excel a quick and convenient way to check your calculations in assignments and practice problems. Spreadsheet skills are very transferable, both to other subjects and to the workplace.

Study load

0.125 EFTSL
This is in the range of 10 to 12 hours of study each week.

Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.

Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.

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Gain Uni credit

Most single subjects are part of a full degree. That means if you’re keen to keep learning, you can gain credit for the subjects you’ve successfully completed.

What to study next?

Once you’ve completed this subject it can be credited towards one of the following courses

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University of Tasmania logo
University of Tasmania logo
University of Tasmania logo
University of Tasmania logo
University of Tasmania logo
University of Tasmania logo


Bachelor of Business (Accounting)

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University of Tasmania logo
University of Tasmania logo


Bachelor of Business (Finance)

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Bachelor of Business (Marketing)

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University of Tasmania logo


Bachelor of Economics

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University of Tasmania logo


Diploma of University Studies (Business)

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University of Tasmania logo

Single subject FAQs

What’s a single subject?

Single subjects are the individual components that make up a degree. With Open Universities Australia, you’re able to study many of them as stand-alone subjects, including postgraduate single subjects, without having to commit to a degree.

Each of your subjects will be held over the course of a study term, and they’ll usually require 10 to 12 hours of study each week. Subjects are identified by a title and a code, for example, Developmental Psychology, PSY20007.

How can I use single subjects to get into a full degree?

First, find the degree that you would like to study on our website.

If that degree allows entry via undergraduate subjects, there will be information about this under the Entry Requirements section. You will find a list of 2-4 open enrolment subjects you need to successfully complete to qualify for admission into that qualification.

Once you pass those subjects, you will satisfy the academic requirements for the degree, and you can apply for entry.

Our student advisors are here to help you take that next step, so don’t hesitate to reach out when you’re ready! We’ve also made it easier to figure out the right way to get started on our pathways page.

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For more information about how to pay for your studies visit our fees page or contact a student advisor.

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When you’ve made your choice, click ‘Enrol now’ on the relevant course page and follow the prompts to begin your enrolment. We’ll ask you to supply some supporting documentation, including proof of your identity, your tax file number, and a unique student identifier (USI) during this process.

Your university will get in touch with you via email to confirm whether or not your application has been successful.

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