Existing unit GCO4807 is reintroduced with new unit code FIT4024.

This unit has been updated as part of a 2009 review and comparison of data with current Handbook, Syllabus + and Callista data.

07/12/2017 - Unit disestablished at FEC 5/17 Item 7.3.

This is an elective unit in the Master of Business Systems (MBS) and will be available in Off-campus Learning (OCL) mode. It is the new unit code for GCO4807.

For students in the Master of Business Systems by off-campus learning, this unit provides a useful background for such units as; FIT4022 Computer Models for Business Decisions.

At the completion of this unit students will be able to:

• depict and interpret business data in a chart or table;
• explain the characteristics, uses, advantages and disadvantages of various statistical summary measures;
• describe the classical, the relative frequency, and the subjective approach to probability;
• determine which probability distribution to use in a given situation;
• explain why in many situations a sample is the only feasible way to learn something about a population;
• construct and test a hypothesis;
• discuss the role of statistical quality control in evaluating the quality of service or production; and
• utilise the Excel spreadsheet software to implement a range of data analysis techniques.

020399

Introduction to quantitative methods and statistics in business and commerce. Topics include presentation of business data, index numbers, financial and economic performance indicators, accessing and using Australian Bureau of Statistics data, measures of central tendency and dispersion, marginal analysis, frequency and probability distributions, regression and correlation, simple hypothesis testing, sampling methods and applications, statistics in quality management with applications in service and production industry.

Off-campus Learning (OCL)

Examination (3 hours): 70%; Assignments: 30%

FIT

Phil Rayment