Key facts
UNE unit code: QM161
*You are viewing the 2025 version of this unit which may be subject to change in future.
- Trimester 1 - On Campus
- Trimester 1 - Online
- Trimester 3 - Online
- Armidale Campus
- UNE Sydney Campus
- Yes
- Yes
- Yes
- 6
Unit information
In complex and evolving work environments, decision makers need to understand the messages contained in business statistics and data.
In this unit you will develop the valuable skills required to assess and critically interpret business statistics and data.
You will examine basic statistical concepts and methods used to summarise data, explore and properly present information.
You will learn to assess uncertainty in business decisions based on probability, random variables and sampling distributions, and perform inferential analysis using estimation and hypothesis testing.
Evaluating relationships between business and economic variables, you will gain the skills to obtain reliable forecasts using correlation and simple regression.
This unit provides a foundation for further study in many areas including business analytics and econometrics. Computer analysis using Excel is a basic part of the unit.
Offerings
For further information about UNE's teaching periods, please go to Principal Dates.
| Teaching period | Mode/location |
|---|---|
| Trimester 1 | On Campus, Armidale Campus |
| Trimester 1 | On Campus, UNE Sydney Campus |
| Trimester 1 | Online |
| Trimester 3 | Online |
*Offering is subject to availability
Intensive schools
| Start | Finish | Duration | Attendance | Offerings | Notes |
|---|---|---|---|---|---|
| 06 April 2025 | 06 April 2025 | 1 day | Non-Mandatory Intensive School | All offerings | Trimester 1 Non-Mandatory Intensive School - UNE Sydney. If the minimum number of ten (10) student registrations has not been reached at least two weeks prior to the scheduled date, the Non-Mandatory Intensive School will be cancelled. |
| 14 December 2025 | 14 December 2025 | 1 day | Non-Mandatory Intensive School | All offerings | Trimester 3 Non-Mandatory Intensive School - UNE Sydney. If the minimum number of ten (10) student registrations has not been reached at least two weeks prior to the scheduled date, the Non-Mandatory Intensive School will be cancelled. |
Enrolment rules
Notes
To study this unit on campus at the UNE Sydney Campus you must be admitted to your course as an on campus student at the UNE Sydney Campus.
Please refer to the student handbook for current details on this unit.
Unit coordinator(s)
Learning outcomes
Upon completion of this unit, students will be able to:
- demonstrate proficiency in the concepts of descriptive statistics and the types of data used in business and economics, summarising data in the forms of graphs, tables and numerical measures, basic probability concepts, properties of discrete and continuous probability distributions;
- demonstrate fundamental knowledge of the concept of sampling distribution, importance of Central Limit Theorum and fundamental knowledge of the concept of inferential statistics, and foundational knowledge in simple linear regression and apply these concepts to business-related problems;
- use a range of cognitive and communication skills to identify, evaluate and synthesise relevant information drawn from a range of sources in order to demonstrate judgement, creative thinking and analytical skills in solving business-related problems;
- work independently and/or collaboratively to plan and execute tasks to enhance professional knowledge and skills in the field of business statistics; and
- demonstrate the ability to recognise, reflect on, and respond appropriately to a range of ethical issues involved in statistics in influencing the practice of business.
Assessment information
Assessments are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
| Title | Must Complete | Weight | Offerings | Assessment Notes |
|---|---|---|---|---|
| Assignment | No | 20% | All offerings | Calculations, brief interpretations of results, plotting of graphs and figures and use of MS Excel-based outputs. Word length not applicable owing to the statistical nature of the assignment. |
| Mid-trimester Exam | Yes | 35% | All offerings | Invigilated exam |
| Final Examination | Yes | 45% | All offerings |
Learning resources
Textbooks are subject to change up to 8 weeks prior to the start of the teaching period in which you are undertaking the unit.
Note: Students are expected to purchase prescribed material. Please note that textbook requirements may vary from one teaching period to the next.
Statistics for Managers Using Microsoft Excel, Global Edition + PHStat Access Kit for Statistics
ISBN: 9780655798583
Levine, D. M., Stephan, D. F. and Szabat, K. A., Pearson 9th ed. (Global Edition) 2021
Text refers to: All offerings
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