Enrolments for 2022 have closed.
Data and Business Decision Making
Postgraduate | TAS-BEA674 | 2022
Course information for 2022 intake View information for 2024 course intake
- Study method
- 100% online
- Assessments
- Subject may require attendance
- Entry requirements
- Part of a degree
- Duration
- 14 weeks
FEE-HELP available
Data and Business Decision Making
About this subject
Upon completion of this subject, the student should be able to:
- Illustrate how key statistical concepts apply to business environments
- Appraise and apply various statistical techniques to critically analyse a range of business problems
- Organise and communicate statistical findings to provide relevant recommendations for business decision making
- Defining and Collecting Data
- Organising and Visualising Variables
- Numerical Descriptive Measures
- Basic Probability
- Discrete Probability Distributions
- The Normal Distribution and other Continuous Distributions
- Sampling Distributions
- Mid-Semester Test (During lecture hours)
- Confidence Interval Estimation
- Fundamentals of Hypothesis Testing
- Simple Linear Regression
- Introduction to Multiple Regression
- Feedback/Information on Final
Managers need an understanding of statistics for five key reasons: To properly collect, present, describe and interpret information. To draw valid conclusions from incomplete data - typically about large populations based only on information obtained from samples. To obtain reliable forecasts. To improve business processes. To provide a framework for dealing with risk and uncertainty. These five reasons form the basis of the structure and content of Data and Business Decision Making. The use of mathematics and arithmetical calculations are kept to a minimum for selected topics by using the Microsoft Excel spreadsheet package. The subject focusses on the interpretation and application of the various techniques studied.
- Online Test 1 (15%)
- Final Exam (40%)
- Group Assignment (30%)
- Online test 2 (15%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- TAS-MBA-MAS-2022 - Master of Business Administration (International)
- TAS-FIN-GDI-2022 - Graduate Diploma in Finance
- TAS-FIN-GCE-2022 - Graduate Certificate in Finance
- TAS-FSP-MAS-2022 - Master of Finance (Specialisation)
- TAS-FIN-MAS-2022 - Master of Finance
Elective
- TAS-HSM-GCE-2022 - Graduate Certificate in Health Service Management
- TAS-HSM-MAS-2022 - Master of Health Service Management
- TAS-HIM-MAS-2022 - Master of Health Information Management
- OUA-PSU-GCE-2022 - Postgraduate Single Subjects
Additional requirements
No additional requirements
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.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
PostgraduateTAS-MBA-MAS
PostgraduateTAS-FIN-GDI
PostgraduateTAS-FIN-GCE
PostgraduateTAS-FSP-MAS
PostgraduateTAS-FIN-MAS
PostgraduateTAS-HSM-GCE
PostgraduateTAS-HSM-MAS
PostgraduateTAS-HIM-MAS
PostgraduateOUA-PSU-GCE