Managers need an understanding of statistics for five key reasons: To properly collect, present, describe and interpret information. To draw valid conclusions from incomplete data - typically about large populations based only on information obtained from samples. To obtain reliable forecasts. To improve business processes. To provide a framework for dealing with risk and uncertainty. These five reasons form the basis of the structure and content of Data and Business Decision Making. The use of mathematics and arithmetical calculations are kept to a minimum for selected topics by using the Microsoft Excel spreadsheet package. The unit focusses on the interpretation and application of the various techniques studied.
|Unit name||Data and Business Decision Making|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Coordinator||Doctor Richard Mawulawoe Ahadzie|
|Delivered By||Delivered wholly by the provider|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International||Domestic Domestic|
|Hobart||Semester 2||On-Campus||Off-Campus||International International||Domestic Domestic|
- International students
- Domestic students
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|Study Period||Start date||Census date||WW date||End date|
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Unit census dates currently displaying for 2021 are indicative and subject to change. Finalised census dates for 2021 will be available from the 1st October 2020. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- Illustrate how key statistical concepts apply to business environments.
- Appraise and apply various statistical techniques to critically analyse a range of business problems.
- Organise and communicate statistical findings to provide relevant recommendations for business decision making.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
- Available as a Commonwealth Supported Place
- HECS-HELP is available on this unit, depending on your eligibility3
- FEE-HELP is available on this unit, depending on your eligibility4
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.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
You cannot enrol in this unit as well as the following:BEA681 AND BEA654
|Assessment||Assessment Task 2: Mid-Semester Test (15%)|Assessment Task 3: Examination (60%)|Assessment Task 1: Online Quiz (5%)|Assessment Task 4: Report (20%)|
|Timetable||View the lecture timetable | View the full unit timetable|
You will need the following text [available from the Co-op Bookshop]:
Bowerman, B., O'Connel, R. and Murphree, E. (2011). Business Statistics in Practice. 6th ed. New York: The McGraw-Hill Companies Inc. 1221 Avenue of the Americas.
|Links||Booktopia textbook finder|
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