MATH 1030 Statistics for Business
Credit Points 10
Legacy Code 200032
Coordinator Kenan Matawie 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 fees 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.
Learning Outcomes
- organise and summarise data numerically
- recognize the foundation behind inferential statistics
- identify the underlying assumptions associated with each statistical technique and interpret the results
- formulate economic and financial hypotheses into statistically testable forms
- manipulate, analyse and graph data using Excel
- employ the appropriate statistical methods and techniques in given situations
Subject Content
Elementary probability
Random variables and probability distributions
Normal distributions and sampling distributions
Parameter estimation and hypothesis testing - single population
Parameter estimation and hypothesis testing - two populations
Simple linear regression analysis and correlation
Analysis of categorical data
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.
| Type | Length | Percent | Threshold | Individual/Group Task | Mandatory |
|---|---|---|---|---|---|
| Multiple Choice | 60 minutes | 15 | N | Individual | Y |
| Short Answer | 3 hours | 20 | N | Individual | Y |
| Short Answer | 1.5 hours (Over 5 weeks each 30 minutes) | 25 | N | Group | Y |
| Final Exam | 90 minutes | 40 | Y | Individual | Y |
WSU Online
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.
| Type | Length | Percent | Threshold | Individual/Group Task | Mandatory |
|---|---|---|---|---|---|
| Multiple Choice | 60 minutes | 15 | N | Individual | Y |
| Short Answer | 3 hours | 30 | N | Individual | Y |
| Short Answer | 5 hours | 25 | N | Individual | Y |
| Short Answer | 3 hours | 30 | Y | Individual | Y |
Autumn Online
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.
| Type | Length | Percent | Threshold | Individual/Group Task | Mandatory |
|---|---|---|---|---|---|
| Multiple Choice | 60 minutes | 15 | N | Individual | Y |
| Short Answer | 3 hours | 25 | N | Individual | Y |
| Short Answer | 5 hours | 20 | N | Individual | Y |
| Final Exam | 3 hours | 40 | Y | Individual | Y |
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
WSU Online TRI-1 (2024)
Wsu Online
Online
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Autumn (2024)
Bankstown City
On-site
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Campbelltown
On-site
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Parramatta City - Macquarie St
On-site
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Parramatta External
Online
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Sydney City Campus - Term 1 (2024)
Sydney City
On-site
Subject Contact Antoinette Cevenini Opens in new window
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Sydney City Campus - Term 2 (2024)
Sydney City
On-site
Subject Contact Antoinette Cevenini Opens in new window
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Spring (2024)
Bankstown City
On-site
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Campbelltown
On-site
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Parramatta City - Macquarie St
On-site
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Surabaya Semester 1 (2024)
Surabaya
On-site
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WSU Online TRI-3 (2024)
Wsu Online
Online
Subject Contact Rosalind Priestman Opens in new window
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Sydney City Campus - Term 3 (2024)
Sydney City
On-site
Subject Contact Antoinette Cevenini Opens in new window
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Summer (2024)
Parramatta City - Macquarie St
On-site
Subject Contact Kenan Matawie Opens in new window
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Autumn (2025)
Bankstown City
On-site
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Campbelltown
On-site
Subject Contact Kenan Matawie Opens in new window
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Parramatta City - Macquarie St
On-site
Subject Contact Kenan Matawie Opens in new window
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Parramatta External
Online
Subject Contact Kenan Matawie Opens in new window
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Sydney City Campus - Term 1 (2025)
Sydney City
On-site
Subject Contact Antoinette Cevenini Opens in new window
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WSU Online TRI-2 (2025)
Wsu Online
Online
Subject Contact Kenan Matawie Opens in new window
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Sydney City Campus - Term 2 (2025)
Sydney City
On-site
Subject Contact Antoinette Cevenini Opens in new window
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Spring (2025)
Bankstown City
On-site
Subject Contact Kenan Matawie Opens in new window
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Campbelltown
On-site
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Parramatta City - Macquarie St
On-site
Subject Contact Kenan Matawie Opens in new window
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Sydney City Campus - Term 3 (2025)
Sydney City
On-site
Subject Contact Antoinette Cevenini Opens in new window
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Summer (2025)
Parramatta City - Macquarie St
On-site
Subject Contact Kenan Matawie Opens in new window