This unit is designed to give students an introduction to statistical and quantitative methods within a business-related framework and to provide students with a sound foundation for more advanced statistical and quantitative studies. The unit will provide opportunities for the student to gain skills in the presentation of business and economic data, the use of frequency distributions, measures of central tendency and dispersion, principles of probability, use of probability distributions, sampling theory, estimation, hypothesis testing, regression analysis, the use of indices and forecasting methods.
Minimum total expected workload equals 12 hours per week comprising:
(a.) Contact hours for on-campus students:
(b.) Study schedule for off-campus students:
(c.) Additional requirements (all students):
See also Unit timetable information
BUS1100, ETC1000, ETC1010, ETC2010, ETF2211, ETW1000, ETW1010, ETW1102, ETW2111, ETX1100, ETX2111, ETX2121, MAT1097, STA1010, SCI1020
John Betts
Kai Ming Ting
To be announced
Monash is committed to excellence in education and regularly seeks feedback from students, employers and staff. One of the key formal ways students have to provide feedback is through the Student Evaluation of Teaching and Units (SETU) survey. The University’s student evaluation policy requires that every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The feedback is anonymous and provides the Faculty with evidence of aspects that students are satisfied and areas for improvement.
For more information on Monash’s educational strategy, see:
www.monash.edu.au/about/monash-directions/ and on student evaluations, see: www.policy.monash.edu/policy-bank/academic/education/quality/student-evaluation-policy.html
Previous students have commented that they enjoy using real world examples. We will continue to use them. On-campus students in 2015 will continue to use clickers to encourage peer-assisted learning and to increase their engagement during lectures. Students in 2013 and 2014 really enjoyed using the clickers and obtained higher grades compared with previous years!
If you wish to view how previous students rated this unit, please go to
https://emuapps.monash.edu.au/unitevaluations/index.jsp
| Week | Activities | Assessment |
|---|---|---|
| 0 | No formal assessment or activities are undertaken in week 0 | |
| 1 | Introduction. Surveys and data collection. | Class participation assessed throughout the semester |
| 2 | Graphical presentation of data. Measures of centre. Measures of dispersion. | |
| 3 | Introduction to Excel and SYSTAT. Writing a statistical report. | |
| 4 | Correlation and regression. | |
| 5 | Introduction to probability. Bayes' Theorem. | |
| 6 | Binomial and Poisson distributions. The Normal distribution. | Written assignment due 14 April 2015 |
| 7 | Index numbers. | |
| 8 | Test during lecture. Introduction to estimation. | Test during lecture 28 April 2015 |
| 9 | Estimation. | |
| 10 | Hypothesis testing. | |
| 11 | Time series analysis. | |
| 12 | Revision of course. | |
| SWOT VAC | No formal assessment is undertaken in SWOT VAC | |
| Examination period | LINK to Assessment Policy: http://policy.monash.edu.au/policy-bank/ academic/education/assessment/ assessment-in-coursework-policy.html |
*Unit Schedule details will be maintained and communicated to you via your learning system.
Examination (2 hours): 60%; In-semester assessment: 40%
| Assessment Task | Value | Due Date |
|---|---|---|
| Written assignment | 10% | 14 April 2015 |
| Test during lecture | 20% | 28 April 2015 |
| Class participation | 10% | Throughout the semester |
| Examination 1 | 60% | To be advised |
Faculty Policy - Unit Assessment Hurdles (http://intranet.monash.edu.au/infotech/resources/staff/edgov/policies/assessment-examinations/assessment-hurdles.html)
Academic Integrity - Please see resources and tutorials at http://www.monash.edu/library/skills/resources/tutorials/academic-integrity/
On campus students will participate in lectures using clickers. This requires students to purchase a clicker from the Campus Bookshop or directly from the Australian Distributor (we use Turning Point clickers).
The correctness of calculated statistics. The quality of the explanation. The quality of the written work. Handout will be available on Moodle.
To be advised in lectures. Sample tests will be available on Moodle.
Clicker responses will be recorded. Question types will be multiple choice where a correct answer scores (quiz) or multiple choice where any answer scores (participation). Each class will have about 5 questions. Students will be graded on their best 80% of class responses.
Off-campus students will be assessed on particpation in forums and will be expected to post a minimum of 10 responses to queries from other students/tutors or the lecturer over the semester. Students will be graded on the correctness or utility of the responses. The top 80% of posts will be graded.
Monash Library Unit Reading List (if applicable to the unit)
http://readinglists.lib.monash.edu/index.html
Types of feedback you can expect to receive in this unit are:
Submission must be made by the due date otherwise penalties will be enforced.
You must negotiate any extensions formally with your campus unit leader via the in-semester special consideration process: http://www.monash.edu.au/exams/special-consideration.html
It is a University requirement (http://www.policy.monash.edu/policy-bank/academic/education/conduct/student-academic-integrity-managing-plagiarism-collusion-procedures.html) for students to submit an assignment coversheet for each assessment item. Faculty Assignment coversheets can be found at http://www.infotech.monash.edu.au/resources/student/forms/. Please check with your Lecturer on the submission method for your assignment coversheet (e.g. attach a file to the online assignment submission, hand-in a hard copy, or use an electronic submission). Please note that it is your responsibility to retain copies of your assessments.
Please check with your lecturer before purchasing any Required Resources. Limited copies of prescribed texts are available for you to borrow in the library, and prescribed software is available in student labs.
Students may need to use the university laboratories to access statistical software during private study.
Students will use SYSTAT and Microsoft Excel to perform computer-based statistical calculations.
Limited copies of prescribed texts are available for you to borrow in the library.
Selvanathan et al.. (2014). Business Statistics (Abridged) Australia and New Zealand. (6th Edition) Cengage Learning (ISBN: 9780170236997).
On Campus students are required to purchase a Turning Point clicker from the Campus Bookstore or directly from the Australian Distributor.
Calculators (including Graphing calculators) are allowed in the exam.
Monash has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and to provide advice on how they might uphold them. You can find Monash’s Education Policies at: www.policy.monash.edu.au/policy-bank/academic/education/index.html
Important student resources including Faculty policies are located at http://intranet.monash.edu.au/infotech/resources/students/
The University provides many different kinds of support services for you. Contact your tutor if you need advice and see the range of services available at http://www.monash.edu.au/students. For Malaysia see http://www.monash.edu.my/Student-services, and for South Africa see http://www.monash.ac.za/current/.
The Monash University Library provides a range of services, resources and programs that enable you to save time and be more effective in your learning and research. Go to www.lib.monash.edu.au or the library tab in my.monash portal for more information. At Malaysia, visit the Library and Learning Commons at http://www.lib.monash.edu.my/. At South Africa visit http://www.lib.monash.ac.za/.