MATH 1030 Statistics for Business
Credit Points 10
Legacy Code 200032
Coordinator Neil Hopkins Opens in new window
Description Statistics for Business introduces the basic concepts and techniques of statistics that are particularly relevant to problem solving in business. It also provides a sound base for more advanced study in statistics and forecasting in subsequent sessions. Topics include: presentation of data; descriptive statistics; the role of uncertainty in business decision making; hypothesis testing; and basic forecasting.
School Computer, Data & Math Sciences
Discipline Statistics
Student Contribution Band HECS Band 1 10cp
Check your HECS Band contribution amount via the Fees page.
Level Undergraduate Level 1 subject
Equivalent Subjects MATH 1032 Statistics for Science MATH 1028 Statistical Decision Making MATH 1003 Biometry ECON 1006 Introduction to Economic Methods MATH 1012 Management Analytics MATH 1031 Statistics for Business (WSTC) MATH 1004 Biometry (WSTC) MATH 1029 Statistical Decision Making (WSTC)
Assumed Knowledge
HSC Mathematics/Mathematics Extension 1 is desirable.
Assessment
The following table summarises the standard assessment tasks for this subject. Please note this is a guide only. Assessment tasks are regularly updated, where there is a difference your Learning Guide takes precedence.
| Item | Length | Percent | Threshold | Individual/Group Task |
|---|---|---|---|---|
| Multiple Choice | 60 minutes | 15 | N | Individual |
| Short Answer | 60 minutes | 25 | N | Individual |
| Short Answer | 5 hours | 20 | N | Group |
| Final Exam | 2 hours | 40 | Y | Individual |
Prescribed Texts
- Selvanathan, E. A., Selvanathan, S., & Keller, G. (2017). Business statistics : Australia and New Zealand (7th ed.). South Melbourne, Victoria: Cengage Learning
Teaching Periods