Business Statistics

Bond University

Course Description

  • Course Name

    Business Statistics

  • Host University

    Bond University

  • Location

    Gold Coast, Australia

  • Area of Study

    Business, Statistics

  • Language Level

    Taught In English

  • Course Level Recommendations

    Lower

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    10
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4.5 - 6
  • Overview

    Introduction
    This subject will introduce students to the quantitative tools that are necessary for day-to-day business needs. The objectives of this subject are to: (a) provide a basic knowledge of the application of mathematics and statistics to business disciplines; (b) develop an ability to analyse and interpret data to provide meaningful information to assist in making management decisions; and (c) develop an ability to apply modern quantitative tools (Microsoft Excel) to data analysis in a business context. The main goal of the subject is to help students develop computational skills and problem solving capabilities using Excel as a tool for analysis and presentation of solutions to business problems. The emphasis will be placed on determining when it is appropriate to use the various techniques and how to use Excel to carry out the analysis. Interpretation of output generated by Excel is also an important objective. By the end of the subject, students should able to formulate answers to questions such as: (1) Is advertising actually helpful for increase sales of a product?; (2) How fuel efficient a certain car model is?; (3) What is effect of package design, delivery services and quality differentials on sales?
     
    Learning Objectives
    1. Identifying and interpreting business-related problems. Converting those identified requirements to a quantitative styled model.
     
    2. Understanding and appreciating the need to solve a variety of business-related problems using a systematic approach involving accepted statistical techniques.
     
    3. Interpreting solutions in the context of the problem.
     
    4. Communicating the results of an accepted analysis process clearly and precisely in written format.
     
    5. Utilising tools such as calculators/computers to help solve a range of business questions. This would be developed by firstly identifying the relevant underlying theory.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.