STAT20028 - Statistics for Analytical Decisions

General Information

Unit Synopsis

This unit will examine statistics, with particular focus on applications to the business environment. It aims to equip students with the statistical tools needed to become effective analytical decision makers. Concepts and applications of probability and statistical modelling involving questions of estimation and inference are covered. Topics include descriptive statistics, measures of central tendency and dispersion, binomial, poisson and normal distributions, confidence intervals, hypothesis testing, chi-square tests, linear regression, correlation and time series analysis.

Details

Level Postgraduate
Unit Level Not Applicable
Credit Points 8
Student Contribution Band SCA Band 1
Fraction of Full-Time Student Load 0.16666666666667
Pre-requisites or Co-requisites There are no pre-requisites for the 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).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 3 - 2025

There are no availabilities for this unit on or after Term 3 - 2025

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).

Assessment Overview

Recommended Student Time Commitment

Each 8-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 16.666666666667 hours of study per week, making a total of 200 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. Online Quiz(zes) 20%
2. Written Assessment 20%
3. Examination 60%

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

Past Exams

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Previous Feedback

Term 1 - 2016 : The overall satisfaction for students in the last offering of this course was 58.82% (`Agree` and `Strongly Agree` responses), based on a 45.95% response rate.

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.

Source: Student feedback in class
Feedback
The teacher's comments on how to be a good person rather than simply a good student were inspiring.
Recommendation
It is important to be a well-rounded person to succeed in life.
Action Taken
In Progress
Source: Abridged from student feedback.
Feedback
Statistics requires understanding of the underlying concepts rather than memorising formulas.
Recommendation
Underlying concepts in statistics are best understood by solving problems.
Action Taken
In Progress
Source: Abridged from student feedback.
Feedback
Assignment 2 tasks were the best aspects in this course.
Recommendation
Assignment 2 contains problems from the real world.
Action Taken
In Progress
Source: Abridged from student feedback.
Feedback
The lecturer and tutor were both encouraging and motivating.
Recommendation
It is important to encourage and motivate students, otherwise the learning experience can be quite boring.
Action Taken
In Progress
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. consider and work with data in a statistical framework
  2. conduct exploratory statistical analyses including a consideration of sampling theory
  3. investigate the concept of probability and consider the applications of several probability distributions
  4. draw statistical conclusions about a population based on sample data
  5. develop projections of future data based on exploration of past values
  6. utilise statistical analyses in sound decision making
  7. make appropriate use of technology in performing statistical calculations.

Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4 5 6 7
1 - Online Quiz(zes) • • • • •
2 - Written Assessment • • • • • •
3 - Examination • • • • • • •
Alignment of Graduate Attributes to Learning Outcomes
• Professional Level
• Advanced Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6 7
1 - Knowledge • • • •
2 - Communication • • •
3 - Cognitive, technical and creative skills • • • •
4 - Research • • •
5 - Self-management • •
6 - Ethical and Professional Responsibility • • • •
7 - Leadership •
Alignment of Assessment Tasks to Graduate Attributes
• Professional Level
• Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Online Quiz(zes) • •
2 - Written Assessment • • • •
3 - Examination • • • • • • •