STAT20029 - Statistics for Managerial Decisions
Term 1 - 2017


All details in this unit profile for STAT20029 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

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

Career Level Postgraduate
Credit Points 6
Student Contribution Band 7A
Fraction of Full-Time Student Load 0.125

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).

Offerings

Term 1 - 2017
  • Brisbane
  • Distance
  • Melbourne
  • Sydney

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

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 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 Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

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 Source Recommendation
Moodle Website was very helpful Abridged from student feedback. Continual attempts are made to make the Moodle Website more user friendly.
I like the fact that I am learning something that will be useful in my work life. Abridged from student feedback. Identifying the relevance of a topic to the practical world is important.
Study facilities are good and modern Abridged from student feedback. We constantly stirve to improve the learning environment.
Study Guide is the best aspect of the course Abridged from student feedback. The Study Guide not only summarises the topics but also guides the students learning journey.
On successful completion of this unit, you will be able to:
  1. Analyze and work with data in a statistical framework
  2. Interpret data to gather more information about the process
  3. Estimate the probabilities of various scenarios and possibilities using popular tools
  4. Make statistical inferences based on sample observations
  5. Capture trends and make future projections
  6. 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)    
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
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
1 - Online Quiz(zes)          
2 - Written Assessment  
3 - Examination        

Prescribed Textbooks

Australasian Business Statistics
Author/s: Black, K. et al. Year: 2016
Edition: 4th edn Publisher: John Wiley & Sons Australia
City: Milton State: Qld
Country: Australia
View textbooks at the CQUniversity Bookshop

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
All submissions for this unit must use the Harvard (author-date) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorSaleh Wasimi (s.wasimi@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 06-03-2017

Introduction to Statistics

Study Guide (SG) Module 1; Set Text (ST) Chapter 1

Week 2 13-03-2017

Presenting Data

SG 2; ST Chapter 2, KaddStat is optional reading and will never be examined in this unit.

Week 3 20-03-2017

Numerical Descriptive Measures

SG 3; ST Chapter 3

Fortnightly Quiz 1

Online Quiz(zes) Due Friday (24 Mar 17) 11:00 PM AEST
Week 4 27-03-2017

Probability

SG 4; ST Chapter 4

Week 5 03-04-2017

Discrete Distributions

SG 5; ST Chapter 5

Fortnightly Quiz 2

Vacation Week 10-04-2017
Week 6 17-04-2017

Continuous Distributions

SG 6; ST Chapter 6

Week 7 24-04-2017

Sampling Distributions

SG 7; ST Chapter 7, Sampling has been covered earlier.

Fortnightly Quiz 3

Week 8 01-05-2017

Confidence Interval Estimation

SG 8; ST Chapter 8

Week 9 08-05-2017

HypothesisTesting

SG 9; ST Chapter 9 (exclude sections 9.6 and 9.7) and Chapter 10 (exclude section 10.5)

Fortnightly Quiz 4

Week 10 15-05-2017

Chi-square tests

SG 10; ST Chapter 12

Submit Assignment 2

Written Assessment Due Friday (19 May 17) 06:00 PM AEST
Week 11 22-05-2017

Linear regression

SG 11; ST Chapter 13 but exclude 13.6 and 13.7

Fortnightly Quiz 5

Week 12 29-05-2017

Time series forecasting and index numbers

SG 12; ST Chapter 15 but exclude 15.4

Review/Exam Week 05-06-2017
Exam Week 12-06-2017

1 Online Quiz(zes)

Assessment Title Online Quiz(zes)
Task Description

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.

Number of Quizzes 5
Frequency of Quizzes Fortnightly
Assessment Due Date Week 3 Friday (24-Mar-2017) 11:00 PM AEST
No extension possible. Try submitting earlier to avoid internet congestion at the last moment.
Return Date to Students The results will be available online after the due date.
Weighting 20%
Assessment Criteria

No part marks available. You get full marks for correct answer and no mark for incorrect answer.

Submission Online

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Analyze and work with data in a statistical framework

2. Interpret data to gather more information about the process

3. Estimate the probabilities of various scenarios and possibilities using popular tools

4. Make statistical inferences based on sample observations

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

3. Cognitive, technical and creative skills



2 Written Assessment

Assessment Title Written Assessment
Task Description

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.

Assessment Due Date Week 10 Friday (19-May-2017) 06:00 PM AEST
Submit online before the deadline to avoid internet congestion at the last moment.
Return Date to Students Marked assignments will be returned in approximately two weeks after the submission date.
Weighting 20%
Assessment Criteria

Marks will be allocated for procedure, presentation and correct answer.

Referencing Style Harvard (author-date)
Submission Online

Submit online in pdf, doc, docx or rtf format with a total size less than 50 MB

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Analyze and work with data in a statistical framework

2. Interpret data to gather more information about the process

3. Estimate the probabilities of various scenarios and possibilities using popular tools

4. Make statistical inferences based on sample observations

5. Capture trends and make future projections

6. Compare the implications of alternative strategies in terms of risks and expectations

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

3. Cognitive, technical and creative skills

4. Research

6. Ethical and Professional Responsibility

7. Leadership



Examination

Outline Complete an examination
Date During the University examination period
Weighting 60%
Condition Minimum percentage of examination marks required to pass course - 40
Length 180 minutes
Details Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
Calculator - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised.
Open Book
Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Analyze and work with data in a statistical framework

2. Interpret data to gather more information about the process

3. Estimate the probabilities of various scenarios and possibilities using popular tools

4. Make statistical inferences based on sample observations

5. Capture trends and make future projections

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

3. Cognitive, technical and creative skills

5. Self-management


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