Undergraduate | TAS-BEA140 | 2024
Data Analysis for Business
Course information for 2024 intakeView information for 2023 course intake
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.
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- Study method
- 100% online
- Subject may require attendance
- Entry requirements
- No ATAR needed,
- No prior study
- 14 weeks
- 27 May 2024,
- 22 July 2024
HECS-HELP and FEE-HELP available
Data Analysis for Business
About this subject
Upon completion of this subject, the student should be able to:
- Apply basic concepts of time valuation of money to common situations in business/personal finance
- Inform and communicate evidence-based decisions using data description and probability concepts
- Draw conclusions and communicate properties about sample populations
- Quantify an association between two variables, explain variation and improve outcome prediction.
- Refer to MyLO for study topics.
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.
- Online Skill Checks (18%)
- Online Test (32%)
- Final Examination (20%)
- Assignment (30%)
For textbook details check your university's handbook, website or learning management system (LMS).
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No entry 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.
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