Faculty of Engineering, Computing & Mathematics

Mathematics & Statistics

Unit Outline

Economics and Business Statistics

STAT1520
SEM-1, 2015
Campus: Crawley
Unit Coordinator: Dr Nazim Khan

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(Cth).
Copying of this material by students, except for fair dealing purposes under the Copyright Act, is prohibited. For the purposes
of this fair dealing exception, students should be aware that the rule allowing copying, for fair dealing purposes, of 10% of the
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the course material itself
The University of Western Australia 2001

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Unit details
Unit title
Unit code
Availability
Location

Economics and Business Statistics

STAT1520
SEM-1, 2015 (23/02/2015 - 20/06/2015)
Crawley

Credit points

Mode

Face to face

Contact details
Faculty
School
School website
Unit coordinator
Email
Telephone
Consultation hours
Lecturers
Tutors
Unit contact hours
Online handbook
Unit website

Faculty of Engineering, Computing & Mathematics

Mathematics & Statistics
http://www.maths.uwa.edu.au
Dr Nazim Khan
nazim.khan@uwa.edu.au
6488 3378
By appointment.
To be advised
52 (lectures: 2 hrs per week; tutorials: 1 hr per week; practice classes: 1 hr per week)
http://units.handbooks.uwa.edu.au/units/STAT/STAT1520
Http://www.maths.uwa.edu.au/students/units

Unit rules
Prerequisites

Incompatibility

WACE Mathematics 3A/3B or WACE Mathematics 3C/3D or WACE Mathematics: Specialist 3A/3B or WACE
Mathematics: Specialist 3C/3D or TEE Applicable Mathematics or TEE Calculus or ECON1111 Quantitative Methods
for Business and Economics
STAT1400 Statistics for Science, STAT1510 Statistics A, STAT1530 Statistics B, STAT2210 Biometrics 1,
MATH1020 Calculus, Statistics and Probability

Unit description
This unit covers basic statistics and is compulsory for all Bachelor of Economics and Bachelor of Commerce students. Topics include
displaying and summarising data; random variables and their distributions; normal and binomial distributions; sampling distributions and
hypothesis testing; confidence intervals; t-tests and F-tests; regression and correlation; goodness of fit; chi-square tests; and
introduction to analysis of variance. Use of statistical packages is an integral part of the unit and emphasis is placed on examples of
particular relevance to economics and commerce students.

Learning outcomes
Students are able to (1) understand the basic probability concepts in modelling real-life situations in business and other applied
disciplines; (2) understand independent events, and use conditional probability calculations and Bayes theorem; (3) perform modelling
using various distributions and calculate related probabilities, expected values, covariance and correlation; (4) demonstrate practical
expertise associated with the use of a statistical package such as the Data Analysis Tool in Excel in performing basic statistical
procedures; (5) distinguish between the different types of statistical tests that may be used to analyse data in different disciplines and
understand subject-related practices of tests; (6) analyse relationships between variables using linear regression, and apply decisionmaking processes on the means for more than two populations based on ANOVA techniques; and (7) work effectively in both an
independent and team situation, and complete required work and project reports by meeting deadlines.

Teaching and learning responsibilities

Teaching and learning strategies
A Unit reader will be provided with all course material. It will contain partially filled lecture notes and tutorial and laboratory problems.
Lectures will cover the theory and methods and some examples. The teaching is student focused and will use peer instruction in a
partially flipped classroom mode. Students will be expected to participate in lectures and attempt problems in groups.

Assessment
Assessment overview
Typically this unit is assessed in the following way(s): (1) weekly tutorial assignments; (2) short tests; (3) a mid-semester test; and (4)
a final examination. Further information is available in the unit outline.

Assessment mechanism
# Component

Weight Due Date

12 Tutorial assessment 12%

Weekly

Relates To Outcomes
All
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2
1
1

Tutorial participation
Quizzes
Short Tests
Mid Semester Exam
Final Exam

5%
13%
10%
15%
45%

Weekly
Online as per schedule.
As per schedule
As per schedule
Examination period

All
All
1,2,3,4,5
3,4,5
All

Assessment items
Item Title

Description

Submission Procedure for

Assignments

Weekly
Tutorials
Tutorial
participation
Weekly online
quiz
Two short tests
Mid Semester
exam
Project work

Complete and submit work for assessment.

For contributing to tutorial discussions.

Submit to Tutor in Tutorial-Lab

class.
In Tutorial-Lab classes.

Multiple choice and short answer quizzes.

Submit online.

Written short tests.

Written test.

As per timetabled schedule.

As per timetabled schedule.

Covers several aspects of the course. To be completed as per instruction in

Tutorial-Lab classes.
As per schedule.

Submit in Tutorial-Lab class.

Final Exam

During Examination period.

Textbooks and resources

Software requirements
Microsoft Excel and Word. Excel addins will be provided to enhance the capabilities of standard Excel.

Additional resources and reading

Unit Reader to be purchased from the Coop Bookshop.

Other important information

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