Details for Business Analytics

Awards offering Business Analytics

This unit is offered as a part of the following awards:

• Associate Degree in Business
• Associate Degree in Ministry
• Bachelor of Arts
• Bachelor of Arts and Bachelor of Applied Social Science
• Bachelor of Arts and Bachelor of Business
• Bachelor of Arts and Bachelor of Education (Secondary)
• Bachelor of Business
• Bachelor of Business and Bachelor of Ministry
• Bachelor of Business and Bachelor of Theology
• Diploma of Arts
• Diploma of Business and Diploma of Entrepreneurship
• Diploma of Business and Diploma of Leadership
• Diploma of Business and Diploma of Ministry
• Diploma of Chaplaincy
• Diploma of Chaplaincy and Diploma of Leadership
• Diploma of Chaplaincy and Diploma of Ministry
• Diploma of Entrepreneurship and Diploma of Leadership
• Diploma of Entrepreneurship and Diploma of Ministry
• Undergraduate Certificate in Arts
• Undergraduate Certificate in Business Studies

Unit Content

Outcomes

1. Describe the role of statistics in contemporary business. This includes consideration of the ethical responsibilities of the researcher, and explaining the role of statistical analysis for decision making; 
2. Explain key statistical concepts, methods of data collection and data analysis techniques;
3. Critically analyse, summarise and present data using appropriate data analysis techniques. This includes drawing conclusions at appropriate reliability levels from statistical reports;
4. Identify the specific needs for data analysis and its role in NGOs and NFP organisations; 

Subject Content

1. Introduction to economic and business statistics
2. Charts and Graphs
3. Describing distributions
4. Probability and discrete random variables
5. Mean and variance as expectations
6. (Using discrete random variables)
7. Normal distribution  
8. Samples from a population  
9. Shape of sampling distribution
10. Hypothesis testing of one population mean
11. Hypothesis testing of two population means
12. Linear regression

This course may be offered in the following formats

• Face-to-Face
• Intensive
• Distance/ Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

• Quizzes (20%)
• Statistical Report (30%)
• Final Exam (50%)

Prescribed Text

• Selvanathan, Selvanathan, Keller (2021). Business Statistics Abridged: Australia New Zealand (8th Ed). Cengage.

Check with the instructor each semester before purchasing any textbooks