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Introduces students to business analytics. Explore statistical tools to analyse and model real-world situations. Learn to hypothesise, test, interpret and communicate the results of business and economic data. Excel is used for statistical calculations. In this unit you will study:

  • Topic 1: Introduction to business analytics
  • Topic 2: Probability and data modelling
  • Topic 3: Statistical distributions
  • Topic 4: Confidence interval estimations
  • Topic 5: Hypothesis testing
  • Topic 6: Introduction to regression modelling

Learning outcomes

  • Critically analyse and interpret business and economic data to inform decision making
  • Critically evaluate business and economic data that is characterised by uncertainty
  • Analyse and apply regression modelling techniques to evaluate and inform decision making

Assessment

You are assessed according to the following components, each with its own weighted value against your overall result:

  • Quiz: 20%
  • Calculations and short answers: 30%
  • Report: 50%

Courses

You can study this unit as part of the Master of Business AdministrationMaster of Engineering Management, Graduate Diploma in Business and Graduate Certificate in Business.   Please note, unit structure and content are subject to change. Contact your SCU Online student advisor on 1300 589 882 for more information based on your particular circumstances.