Courses & Units

Data and Business Decision Making BEA674



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
Unit code BEA674
Credit points 12.5
College/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Finance
Coordinator Doctor Richard Mawulawoe Ahadzie
Delivered By Delivered wholly by the provider
Level Postgraduate


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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Key Dates

Study Period Start date Census date WW date End date
Semester 1 22/2/2021 23/3/2021 12/4/2021 30/5/2021
Semester 2 12/7/2021 10/8/2021 30/8/2021 17/10/2021

* 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 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).

About Census Dates

Learning Outcomes

  • 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
020303 $993.00 $993.00 not applicable $2,702.00
  • 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.

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:



AssessmentAssessment Task 2: Mid-Semester Test (15%)|Assessment Task 3: Examination (60%)|Assessment Task 1: Online Quiz (5%)|Assessment Task 4: Report (20%)
TimetableView the lecture timetable | View the full unit timetable



You will need the following text [available from the Co-op Bookshop]:

Levine, D., Stephan, D. and Szabat, K. (2016). Statistics for Managers Using Microsoft Excel. 8th ed. New Jersey: Prentice Hall, Upper Saddle River.

The e-book can be purchased at


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.

McClave, T., Benson, G. and Sincich, T. (2005). Statistics for Business and Economics. 9th ed. New Jersey: Prentice Hall, Upper Saddle River

LinksBooktopia textbook finder

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