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A-Z study guide

Course code

AMBD500

Level

5

Credits

15.0

Estimated hours

150.0

To enable students to make sense of numbers, graphs and fundamental statistical concepts; and to use, interpret and report them in a meaningful way in business practice. This paper also provides a foundation for further study, research and project management requiring an analytical approach

Learning outcomes

Introduction to Data Analysis. At the completion of this topic the student will: have an appreciation of the diverse nature of data in the business environment; be familiar with the scientific approach to information provision in business; be able to apply mathematical techniques including basic algebra to business data.

Descriptive Statistics. At the completion of this topic the student will be able to: collect data using statistical sampling methods; organise, analyse and summarise data from a variety of business sources using computer based statistical packages; interpret and report on findings in a manner which would be useful to people with and without significant statistical knowledge.

Decision Making in an Uncertain Environment. At the completion of this topic the student will be able to examine, calculate and report on quantitative changes, patterns and relationships in business data using the tools of index numbers, time series and correlation and regression.

Measuring Change in the Business Environment. At the completion of this topic the student will be able to analyse, make decisions and report on these decisions in a business environment, where uncertainty is the norm, using the tools of probability models and statistical inference.