Introduction to Business Statistics
Business Statistics aims to provide students with quantitative literacy skills to enable them to search out numerical information, understand it, critique it, reflect upon it, and apply it in making decisions.
This module introduces students to the principles and concepts of statistics when applied to business computing activities and challenges. It will equip students with quantitative skills necessary for them to interpret, analyse and communicate information derived from numerical data.
The module will equip students with an understanding of how to present business numerical information in a variety of formats, and give them an understanding of the tools necessary to present such information. The module theme is to look at numerical data in a variety of forms, to determine the ‘story’ that this data is telling and to tell that ‘story’ to others.
Subjects covered by the module will include some or all of the following:
- Data classification, tabulation and presentation
- Measures of central tendency, dispersion, skew Probability, sampling, and distributions
- Hypothesis testing
- Correlation and regression
- Time series and forecasting
The subject knowledge in this module will be presented in a context relevant for business and/or computer science.