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Managers need an understanding of statistics for four key reasons: To properly present, and describe information. To draw conclusions about large populations based only on information obtained from samples. To obtain reliable forecasts. To improve business processes. These four reasons form the basis of the structure and content of Data and Business Decision Making. The unit focusses on the interpretation and application of the various techniques studied. 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.

Summary 2021

Unit name Data and Business Decision Making
Unit code BEA674
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Finance

Mr Richard Ahadzie

Level Postgraduate
Available as student elective? Yes
Breadth Unit? No



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About Census Dates

Learning Outcomes

ILO1Illustrate how key statistical concepts apply to business environments.
ILO2Appraise and apply various statistical techniques to critically analyse a range of business problems.
ILO3Organise and communicate statistical findings to provide relevant recommendations for business decision making.




No pre-requisites. However, it is essential that you have basic knowledge of mathematics at high school level, and basic working knowledge of MS Excel software. If you have any concerns with these skills please contact your lecturer early in the semester.



Mutual Exclusions

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

BEA681, BEA654


Teaching Pattern

Please see the unit outline for details.


Online Quiz (5%), Mid-Semester Test (15%), Project Report (20%), Examination (60%).

TimetableView the lecture timetable | View the full unit timetable



Please see the unit outline for details.

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