STAT6160
10 units
6000 level
Course handbook
Description
While data exploration is important, analytics and evidence-based decision-making is critical. This course extends visual explorations through formal analytical testing and modelling, and developing analytical techniques used in business. The emphasis is on applications in practice. The course provides methods which underpin effective business decision making. The course develops a student's ability to incorporate statistical thinking and to take account of variation in the real world during the processes of establishing project initiatives, defining objectives, data collection, data presentation, data analysis, reporting and decision making.
Availability2024 Course Timetables
Online
- Semester 1 - 2024
Sydney Elizabeth Street
- Semester 1 - 2024
Learning outcomes
On successful completion of the course students will be able to:
1. describe and implement a structured approach to problem solving and decision making in business
2. understand the role of statistics in developing valid and reliable business intelligence
3. explain why data and the understanding of variation are important in making business decisions
4. identify and implement appropriate analytical techniques fundamental to developing Business Intelligence
5. employ statistical software to analyse data
6. draw conclusions and effectively communicate and report upon analytical outcomes
Content
The course will include the following topics:
- Data sources
- Brainstorming
- Inference
- Types of errors
- Statistical tests
- ANOVA
- Regression
- Reporting
- Data-based decision making
Assessment items
Quiz: Online quiz
Written Assignment: Written Assignment
Formal Examination: Formal Examination
Contact hours
Semester 1 - 2024 - Online
Self-Directed Learning-1
- Online 10 hour(s) per week(s) for 13 week(s) starting in week 1
- There are opportunities for students to get individualised help from teaching staff in the course. Suggest 8-12 hours time commitment per week (guide only).
Semester 1 - 2024 - Sydney Elizabeth Street
Online Activity-1
- Online 1 hour(s) per week(s) for 13 week(s) starting in week 1
Workshop-1
- Face to Face On Campus 2 hour(s) per week(s) for 13 week(s) starting in week 1
Course outline
- STAT6160 - Semester 1, 2024 (Online) (PDF, 184.3 KB)
- STAT6160 - Semester 1, 2024 (Syd) (PDF, 183.7 KB)
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.