MATH 7015 Statistics for Accountants (PG)

Credit Points 10

Legacy Code 200424

Coordinator Kenan Matawie Opens in new window

Description Statistics for Accountants introduces the basic concepts and techniques for statistical inference and decision making in a business context.

School Computer, Data & Math Sciences

Student Contribution Band HECS Band 1 10cp

Check your HECS Band contribution amount via the Fees page.

Level Postgraduate Coursework Level 7 subject

Restrictions Students must be enrolled in a postgraduate Business program.

Assumed Knowledge

Mathematics to the HSC level.

Learning Outcomes

On successful completion of this subject, students should be able to:
  1. organise, summarise and graph data appropriately;
  2. apply probability and risk measures to solve business decision making problems;
  3. formulate economic and financial hypotheses into statistically testable forms and carry out tests of hypotheses accordingly;
  4. derive confidence intervals for unknown population parameters
  5. identify the underlying assumptions associated with each statistical technique; be able to carry out the technique and interpret the results
  6. employ appropriate statistical methods and techniques for statistical analysis and forecasting;
  7. use one or more statistical analysis packages.

Subject Content

Data presentation, descriptive statistics and index numbers
Probability, probability distributions and decision analysis
Sampling distributions
Statistical inferences -estimation
Statistical inferences - hypothesis testing
Linear regression and correlation analysis
Analysis of categorical data


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
Test 1 - Class test 50 minutes 15 N Individual
Test 2 - Class test 50 minutes 15 N Individual
Test 3 - Lab test 50 minutes 20 N Individual
Final exam 2 hours 50 N Individual

Prescribed Texts

  • NULL

Teaching Periods

Structures that include subject