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BUS B171
  More information: Course Guide
Business Statistics
21Z04513A
Course
Start Date
Course Level Length in Terms Credits
Language
Fees ($)
(including lab fees)
Future Terms
Sum 2018
Foundation 1 term 5
English
N/A
Aut 2018, Sum 2019
Aut 2019

Course Coordinator: Mr Ken Chan, BA (Hons), MA (York, Toronto)

Course Developer: Ken Chan Chi Keung, OUHK

Aims
This course aims to provide learners with a conceptual and methodological introduction to statistics under a business context. It firstly introduces standard statistical measures to summarize data and various graphing tools to display data. It also covers the process of performing statistical inference and its relevant applications in business decision-making will be introduced.

Contents
The course covers the following topics:

  • Data and descriptive statistics

  • Probability and probability distributions

  • Sampling distributions and interval estimation

  • Hypothesis testing for one population

  • Hypothesis testing for two populations and the chi-squared test

Learning support
There will be one two-hour and two three-hour supplementary lectures, five three-hour tutorials, and two three-hour and one two-hour surgeries. The supplementary lectures aim to consolidate students' understanding of the key concepts of the course. These lectures are optional whereas students are required to attend the tutorial group sessions assigned to them. They may also attend scheduled surgeries to seek one-to-one help from the tutor on duty.

Assessment
There are two tutor-marked assignments (TMAs) and one three-hour examination. Students must use word processing software (such as Microsoft Word) to prepare the TMAs, and submit the TMAs via the Online Learning Environment (OLE).

Equipment
Students will need access to a personal computer with an Internet connection.

Software
Students will need access to Microsoft Excel for Windows.

Set book(s)
Keller, G (2014) Statistics for Management and Economics, 10th edn, South-Western Cengage Learning.