Financial Statistics

Overview

This unit provides students with an introduction to statistics in business and finance. Students develop skills in preparing, analysing and interpreting data, and applying statistical methods to support business decision-making. The unit emphasises the practical application of statistical techniques to analyse real-world business data, draw evidence-based conclusions, and communicate statistical findings

Unit learning outcomes

Students who successfully complete this unit will be able to:

1. Identify and apply commonly used techniques for data collection and analysis
2. Apply fundamental concepts of probability and probability distributions to problems in business decision-making
3. Apply statistical inference methods to conduct and explain the results of hypothesis testing
4. Apply simple regression analysis to explain the relationship between variables to draw inferences about relationships
5. Apply technological tools to analyse data for decision-making purposes

Teaching methods

Hawthorn

Assessment

Content

• Applied Statistical Analysis for Business
• Descriptive Statistics
• Probability and Probability Distributions
• Sampling and Estimation
• Hypotheses Testing
• Correlation and Linear Regression