Overview
This unit will examine statistics, with particular focus on applications to managerial decision making. It aims to equip students in the field of business and accounting with the statistical tools needed to make informed decisions in uncertain environments. Concepts and practical tools on how to interpret data, trends and patterns as well as estimation of risks and probabilities and, making inferences will be coverd. Topics include exploratory data analysis, probability, statistical inference and forecasting. If you have successfully completed the unit STAT20028 you should not enrol in this unit.
Details
Pre-requisites or Co-requisites
There are no requisites for this unit.
Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).
Offerings For Term 3 - 2018
Attendance Requirements
All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).
Recommended Student Time Commitment
Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.
Class Timetable
Assessment Overview
Assessment Grading
This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Policy for more details of interim results and final grades.
All University policies are available on the CQUniversity Policy site.
You may wish to view these policies:
- Grades and Results Policy
- Assessment Policy and Procedure (Higher Education Coursework)
- Review of Grade Procedure
- Student Academic Integrity Policy and Procedure
- Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
- Monitoring Academic Progress (MAP) Policy and Procedure – International Students
- Student Refund and Credit Balance Policy and Procedure
- Student Feedback – Compliments and Complaints Policy and Procedure
- Information and Communications Technology Acceptable Use Policy and Procedure
This list is not an exhaustive list of all University policies. The full list of University policies are available on the CQUniversity Policy site.
Feedback, Recommendations and Responses
Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.
Feedback from Abridged from student response.
Provide more class contact time.
Student should let the tutor know in the tutorial class about his or her difficulties. No additional lecturing time can be provided.
Feedback from Abridged from student response.
Unit should have more emphasis on practical learning.
One of the primary aims of this unit is to provide to the students the fundamental concepts. Therefore, the theoretical aspects need to be retained. Hands-on experience is already provided through solving problems in the tutorial class. Some real-world problems will be introduced in the tutorial class in addition to the problems from the textbook.
Feedback from Abridged from student response.
Assignments are too long.
The length and complexity of the assignment problems will not be changed. Students should start working early on assignments rather than leaving them to the end.
- Analyze and work with data in a statistical framework
- Interpret data to gather more information about the process
- Estimate the probabilities of various scenarios and possibilities using popular tools
- Make statistical inferences based on sample observations
- Capture trends and make future projections
- Compare the implications of alternative strategies in terms of risks and expectations
Alignment of Assessment Tasks to Learning Outcomes
| Assessment Tasks | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Online Quiz(zes) - 20% | ||||||
| 2 - Written Assessment - 20% | ||||||
| 3 - Examination - 60% | ||||||
Alignment of Graduate Attributes to Learning Outcomes
| Graduate Attributes | Learning Outcomes | |||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | |
| 1 - Knowledge | ||||||
| 2 - Communication | ||||||
| 3 - Cognitive, technical and creative skills | ||||||
| 4 - Research | ||||||
| 5 - Self-management | ||||||
| 6 - Ethical and Professional Responsibility | ||||||
| 7 - Leadership | ||||||
| 8 - Aboriginal and Torres Strait Islander Cultures | ||||||
Alignment of Assessment Tasks to Graduate Attributes
| Assessment Tasks | Graduate Attributes | |||||||
|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | |
| 1 - Online Quiz(zes) - 20% | ||||||||
| 2 - Written Assessment - 20% | ||||||||
| 3 - Examination - 60% | ||||||||
Textbooks
Australasian Business Statistics
4th edition (2016)
Authors: Black, K. et al.
John Wiley & Sons Australia Ltd
Milton Milton , QLD , Australia
ISBN: 9780730312932
Binding: Paperback
Additional Textbook Information
Copies are available for purchase at the CQUni Bookshop here: http://bookshop.cqu.edu.au ( search on the Unit code)
IT Resources
- CQUniversity Student Email
- Internet
- Unit Website (Moodle)
- Microsoft Excel or Equivalent Spreadsheet Application
All submissions for this unit must use the referencing style: Harvard (author-date)
For further information, see the Assessment Tasks.
s.wibowo1@cqu.edu.au
Module/Topic
Introduction to Statistics
Chapter
Study Guide (SG) Module 1; Set Text (ST) Chapter 1
Events and Submissions/Topic
Module/Topic
Presenting Data
Chapter
SG 2; ST Chapter 2, KaddStat is optional reading and will never be examined in this unit.
Events and Submissions/Topic
Module/Topic
Numerical Descriptive Measures
Chapter
SG 3; ST Chapter 3
Events and Submissions/Topic
Fortnightly Quiz 1
Module/Topic
Probability
Chapter
SG 4; ST Chapter 4
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
Module/Topic
Discrete Distributions
Chapter
SG 5; ST Chapter 5
Events and Submissions/Topic
Fortnightly Quiz 2
Module/Topic
Continuous Distributions
Chapter
SG 6; ST Chapter 6
Events and Submissions/Topic
Module/Topic
Sampling Distributions
Chapter
SG 7; ST Chapter 7, Sampling has been covered earlier.
Events and Submissions/Topic
Fortnightly Quiz 3
Module/Topic
Confidence interval estimation
Chapter
SG 8; ST Chapter 8 (exclude section 8.4 which is not in syllabus).
Events and Submissions/Topic
Module/Topic
HypothesisTesting
Chapter
SG 9; ST Chapter 9 (exclude sections 9.6 and 9.7) and Chapter 10 (exclude section 10.5)
Events and Submissions/Topic
Fortnightly Quiz 4
Module/Topic
Chi-square tests
Chapter
SG 10; ST Chapter 12
Events and Submissions/Topic
Submit Assignment 2
Written Assessment Due: Week 10 Friday (25 Jan 2019) 11:45 pm AEST
Module/Topic
Linear regression
Chapter
SG 11; ST Chapter 13 but exclude 13.6 and 13.7
Events and Submissions/Topic
Fortnightly Quiz 5
Module/Topic
Time series forecasting and index numbers
Chapter
SG 12; ST Chapter 15 but exclude 15.4
Events and Submissions/Topic
Module/Topic
Chapter
Events and Submissions/Topic
To pass the unit (STAT20029), you must obtain:
- at least 24 marks out of 60 in the final exam, AND
- at least 50% of the combined total marks for the two assignments and the exam.
1 Online Quiz(zes)
You will have to use WileyPLUS website to login and sit the online quiz. Your password and user ID will be provided by the Unit Coordinator before the first quiz. The first quiz will start on Monday of Week 3 and end on Friday of the same week. The other quizzes will be in weeks 5, 7, 9 and 11. You will be allowed only 3 attempts to answer a question and the last answer will be saved and graded. No penalty for multiple attempts.
5
Fortnightly
No extension possible. Try submitting earlier to avoid internet congestion at the last moment.
The results will be available online after the due date.
No part marks available. You get full marks for correct answer and no mark for incorrect answer.
- Analyze and work with data in a statistical framework
- Interpret data to gather more information about the process
- Estimate the probabilities of various scenarios and possibilities using popular tools
- Make statistical inferences based on sample observations
- Knowledge
- Cognitive, technical and creative skills
2 Written Assessment
Solve the assignment 2 questions showing full working in legible writing or typed or combination. The questions will be from topics covered in weeks 1 to 9.
Week 10 Friday (25 Jan 2019) 11:45 pm AEST
Submit online before the deadline to avoid internet congestion at the last moment.
Week 12 Friday (8 Feb 2019)
Marked assignments will be returned in two weeks after the submission date.
Marks will be allocated for procedure, presentation and correct answer.
- Analyze and work with data in a statistical framework
- Interpret data to gather more information about the process
- Estimate the probabilities of various scenarios and possibilities using popular tools
- Make statistical inferences based on sample observations
- Capture trends and make future projections
- Compare the implications of alternative strategies in terms of risks and expectations
- Knowledge
- Communication
- Cognitive, technical and creative skills
- Research
- Ethical and Professional Responsibility
- Leadership
Examination
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised
As a CQUniversity student you are expected to act honestly in all aspects of your academic work.
Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.
When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.
Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.
As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.
What is a breach of academic integrity?
A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.
Why is academic integrity important?
A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.
Where can I get assistance?
For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.
What can you do to act with integrity?
