Courses & Units

Data Analysis for Business BEA140


BEA140 is a foundation unit in business statistics and the mathematics of finance, and is a core unit in the Bachelor of Economics (BEc) and Bachelor of Business (BBus) degrees. It is also a nominated elective in a wide range of other programs throughout the University of Tasmania.

This unit is intended to provide a background capacity in mathematics of finance and statistical description and analysis, appropriate for a business student. The focus of the unit is on the practical use of data in business and economic decision environments, especially in an environment of risk and uncertainty.

By studying a variety of examples based on real world problems, the unit highlights the application of quantitative methodologies to assist managers, and decision makers, in dimensioning and communicating risks and opportunities.


Unit name Data Analysis for Business
Unit code BEA140
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics|Mathematics
Coordinator Doctor Bao Nguyen
Available as an elective? Yes
Delivered By University of Tasmania and Third Party (Not applicable)
Level Introductory


Location Study period Attendance options Available to
Hobart Semester 2 On-Campus International Domestic
Launceston Accelerated Study Period 2 On-Campus International Domestic
Cradle Coast Accelerated Study Period 2 On-Campus International Domestic
Online Semester 2 Off-Campus International Domestic
Online Accelerated Study Period 2 Off-Campus International Domestic
Hong Kong Universal Ed Semester 2 On-Campus International


International students
Domestic students

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Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.

Key Dates

Study Period Start date Census date WW date End date
Accelerated Study Period 2 22/5/2023 14/6/2023 6/7/2023 20/8/2023
Semester 2 10/7/2023 8/8/2023 28/8/2023 15/10/2023

* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (refer to How do I withdraw from a unit? for more information).

Unit census dates currently displaying for 2023 are indicative and subject to change. Finalised census dates for 2023 will be available from the 1st October 2022. Note census date cutoff is 11.59pm AEST (AEDT during October to March).

About Census Dates

Learning Outcomes

  • Apply basic concepts of time valuation of money to common situations in business/personal finance
  • Inform and communicate evidence-based decisions using data description and probability concepts
  • Draw conclusions and communicate properties about sample populations
  • Quantify an association between two variables, explain variation and improve outcome prediction.
Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
$515.00 $515.00 not applicable $2,522.00

1 Please refer to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.

If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.

Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.


Mutual Exclusions

You cannot enrol in this unit as well as the following:



Teaching Pattern

1 to 1.5 hours of video recording, weekly (running for 12 weeks)

1 x 2 hour workshop, weekly (running for 12 weeks)

AssessmentOnline Skill Checks (18%)|Test or quiz (32%)|Examination - invigilated (centrally) (20%)|Assignment (30%)
TimetableView the lecture timetable | View the full unit timetable



There are no prescribed texts for this unit. Lecture overviews for Modules 1 to 4 are available via MyLO. Additional material, including videos, will also be available on MyLO.


You may find it useful to consult alternative references as part of your study program. You may wish to take advantage of one of these as an additional source of worked examples, and for an alternate presentation of the material:

  • Aczel, A 2007, Complete business statistics, 6th edn, McGraw-Hill, Noida.
  • Berenson, M, Levine, D  & Krehbiel, T  2012,  Basic business statistics, 12th edn, Prentice Hall, New Jersey
  • Black, K 2014, Business Statistics: For Contemporary Decision Making, 7th Edition, Wiley
  • Croucher, J  2001, Statistics: making business decisions, McGraw-Hill, Maidenhead.
  • Selvanathan et al 2014, Business statistics – abridged : Australia New Zealand, 6th edn, Cengage, Sydney.
  • Waters, D 2011, Quantitative methods for business, 5th edn, Prentice Hall, Edinburgh Gate.

NB – Other editions of these references are also acceptable. You should note that notation may vary between references, and that, in some cases, even different formulae may be used. You should not concern yourself with any material covered in these references that is beyond what is covered by the lecture notes. In all cases, the lecture notes should be considered the primary reference for any topic.

LinksBooktopia textbook finder

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