Students

ACCG615 – Quantitative Methods

2014 – MQC S1 Evening

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Balamehala Pasupathy
Contact via balamehala.pasupathy@mq.edu.au
Moderator
Amy Tung
Contact via manamy.tung@mq.edu.au
Credit points Credit points
4
Prerequisites Prerequisites
Admission to MAcc(CPA) or MAcc(Prof) or MAcc(Prof)MCom
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description
This unit is intended to provide a sophisticated level of understanding and application of the quantitative and statistical techniques which are frequently used in accounting and financial studies. This unit develops logical reasoning, objective analysis, and inferences based on empirical evidence. Statistical techniques such as probability, sampling, measurement, correlation, regression and hypothesis testing are covered and applied.

Important Academic Dates

Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates

Learning Outcomes

On successful completion of this unit, you will be able to:

  • Understand the general principles of sampling and study design.
  • Summarise data graphically and numerically using appropriate techniques.
  • Interpret questions which require statistical analysis and recognise the appropriate statistical procedure to apply in each case.
  • Use a statistical package to analyse data and answer research questions. Interpret statistical output and write up reports based on the output.
  • Use critical thinking and problem solving skills to deal with scenarios involving statistics.
  • Work cooperatively as a team member to develop communication and problem solving skills.

Assessment Tasks

Name Weighting Due
Assignments 10% Semester break and Week 11
Quizzes 10% Weekly
Class Test 20% Week 13
Final Exam 60% University Examination Period

Assignments

Due: Semester break and Week 11
Weighting: 10%

These assignments are due during the break and in week 11. Each assignment is worth 5%. Each assignment is to be completed in a group of three or four students. It is expected that each student will work on each assignment independently in the first instance and discuss their solution with their group members before writing up a joint assignment for submission. Each student will need to identify their contribution to each of the assignments.

Assignments must be submitted as word processed documents and submitted online.

Model solutions will be available on iLearn.


On successful completion you will be able to:
  • Understand the general principles of sampling and study design.
  • Summarise data graphically and numerically using appropriate techniques.
  • Interpret questions which require statistical analysis and recognise the appropriate statistical procedure to apply in each case.
  • Use a statistical package to analyse data and answer research questions. Interpret statistical output and write up reports based on the output.
  • Use critical thinking and problem solving skills to deal with scenarios involving statistics.
  • Work cooperatively as a team member to develop communication and problem solving skills.

Quizzes

Due: Weekly
Weighting: 10%

There will be 12 online quizzes.

Six of the online quizzes are Practical Quizzes. Practical Quiz 1 will be due in Week 1 and will not count towards the final assessment. Practical Quizzes 2 to 6, which are each worth 1%, will be due in weeks 3, 5, 7,9 and 12. These quizzes are designed to test students' use of the statistical package, MINITAB.

The other six online quizzes are Diagnostic Quizzes. These are short answer quizzes. Diagnostic Quiz 1 will be due in Week 2 and will not count towards the final assessment. Diagnostic Quizzes 2 to 6, which are each worth 1%, will be due in weeks 4, 6, 8, 10 and 12. These quizzes provide feedback on students' progress.


On successful completion you will be able to:
  • Understand the general principles of sampling and study design.
  • Summarise data graphically and numerically using appropriate techniques.
  • Interpret questions which require statistical analysis and recognise the appropriate statistical procedure to apply in each case.
  • Use a statistical package to analyse data and answer research questions. Interpret statistical output and write up reports based on the output.
  • Use critical thinking and problem solving skills to deal with scenarios involving statistics.

Class Test

Due: Week 13
Weighting: 20%

This is an online practical test using the statistical package, MINITAB. The test will be held during class in Week 13. Students will be assessed and graded on topics from Weeks 1 to 12. Marks will be provided on iLearn.


On successful completion you will be able to:
  • Summarise data graphically and numerically using appropriate techniques.
  • Interpret questions which require statistical analysis and recognise the appropriate statistical procedure to apply in each case.
  • Use a statistical package to analyse data and answer research questions. Interpret statistical output and write up reports based on the output.

Final Exam

Due: University Examination Period
Weighting: 60%

A final examination is included as an assessment task for this unit to provide assurance that:

i. the product belongs to the student and

ii. the student has attained the knowledge and skills tested in the exam.

A three hour final examination for this unit will be held during the University Examination period.

Students are permitted to take one A4 page of notes, handwritten on both sides, into the exam. Students are permitted to take any calculator into the final exam.

It should be noted that students must pass the final exam in order to pass the unit, regardless of their performance on other assessment tasks.

The University Examination period in Session 2, 2013 is from 11 November to 29 November.

You are expected to present yourself for examination at the time and place designated in the University Examination Timetable. The timetable will be available in Draft form approximately eight weeks before the commencement of the examinations and in Final form approximately four weeks before the commencement of the exams.

The only exception to not sitting an examination at the designated time is because of documented illness or unavoidable disruption. In these circumstances you may wish to consider applying for Special Consideration. A link to the University’s policy on special consideration process is available in the Policies and Procedures section in this Unit Guide.

If a supplementary Examination is granted as a result of the Special Consideration process the examination will be scheduled as per the supplementary examination period of the faculty. Please note that the supplementary examination will have a similar format to the final examination.

The Macquarie university examination policy details the principles and conduct of examinations at the University. Links to all relevant policies may be found in the Policies and Procedures section of the Unit Guide.


On successful completion you will be able to:
  • Summarise data graphically and numerically using appropriate techniques.
  • Interpret questions which require statistical analysis and recognise the appropriate statistical procedure to apply in each case.
  • Use a statistical package to analyse data and answer research questions. Interpret statistical output and write up reports based on the output.
  • Use critical thinking and problem solving skills to deal with scenarios involving statistics.

Delivery and Resources

Contacting staff

Where possible, staff will answer questions by email. Students experiencing significant difficulties with any topic in the unit should seek assistance immediately. Staff will advise their consultation hours at the beginning of semester.

Classes

There are three hours face-to-face teaching per week consisting of a mixture of lecture and practical classes. The timetable for classes can be found on the MQC Student Portal at https://student.mqc.edu.au

Required and Recommended texts and/or materials

Required Text:

Selvanathan, E.A., Selvanathan, S. & Keller, G. (2014) Business Statistics: Australia/New Zealand (6th Edition). Centage Learning Australia

The textbook is also available as an ebook at:

http://www.cengagebrain.com.au/shop/en/AU/storefront/australia?

cmd=CLHeaderSearch&fieldValue=9780170237000

Recommended Texts:

Statistics for Management and Economics by Keller, G.

The Practice of Business Statistics by Moore, McCabe, Duckworth & Alwan

Australasian Business Statistics by Black, et al

Technology Used and Required

The statistical package MINITAB will be used and students will learn to analyse data using MINITAB. The package can be downloaded onto students’ home computers from Macqurie University Student Portal.

Unit Webpage

Unit materials, assignments, solutions, announcements and other relevant information can be found on iLearn for the unit at http://iLearn.mq.edu.au . Students should visit this site regularly.

Your log-in details for iLearn are the same as your e-student username and password. Should you have any technical difficulties logging in, including password resets, you will need to contact the IT Helpdesk on 9850 4357 or log onto OneHelp via the website http://mq.edu.au/onehelp/index.html to log a support request.

Learning and Teaching Activities

New material will be introduced in each lecture. During practical classes students will work on problems based on the material presented in lectures and write up relevant summaries of results. These summaries will be used by students to complete the online Practical Quizzes. Students are expected to have read through the material to be covered in class each week. Course material will be available on iLearn.

A week-by-week list of topics is provided in this Unit Guide

IT Conditions of Use

Access to all student computing facilities within the University is restricted to authorised coursework for approved units. Student ID cards must be displayed in the locations provided at all times.

Students are expected to act responsibly when using University IT facilities. The following regulations apply to the use of computing facilities and online services:

Accessing inappropriate web sites or downloading inappropriate material is not permitted. Material that is not related to coursework for approved units is deemed inappropriate.

Downloading copyright material without permission from the copyright owner is illegal, and strictly prohibited. Students detected undertaking such activities will face disciplinary action, which may result in criminal proceedings.

Non-compliance with these conditions may result in disciplinary action without further notice.

Students must use their Macquarie University email addresses to communicate with staff as it is University policy that the University issued email account is used for official University communication.

Unit Schedule

 

Week Commencing

Week

Topics

Covered

Textbook

Chapter

 

Assessment

Due

3rd March 1

Introduction to Statistics

Graphical Techniques

1,2 and 3

4 (omit pp 89-91, 4.2)

(4.4 is optional)

PQ1
10th March  2 Numerical Descriptive Summaries

 5 (omit pp 152,153,5.4,5.5)

 DQ1
17th March  3

Probability

Probability Distributions

 6 (omit 6.5)

7 (omit 7.4, 7.5, 7.7)

8 (omit 8.4)

 PQ2
 24th March  4 Sampling Distributions

9

10

 DQ2
 31st March  5

Estimation

Confidence Intervals

11 (omit 11.5)

12 (omit 12.3, 12.4)

 PQ3
 7th April  6

Testing Hypotheses;

Single Samples

13 (omit 13.5, 13.6)

21 (21.2)

 DQ3

 Semester Break

 12th to 27th April

      Assignment 1
 28th April  7

Testing Hypotheses:

Two Samples

14 (omit 14.3)

21 (21.1)

 PQ4
 5th May  8 Analysis of Variance

16 (16.1, 16.2)

21 (21.3: KW test only)

 DQ4
 12th May  9 Categorical Data Analysis

13 (13.6)

17 (17.3 is optional)

 PQ5
 19th May   10 Simple Linear Regression 18 (omit 18.3, pp728-730, 18.5, 18.6)  DQ5
 26th May  11

Assessing Linear Models

Multiple Regression

5 (5.5)

18 (18.4, 18.5, 18.6)

19 (omit pp778,779, 19.4)

Lecture notes for model reduction

Assignment 2
 2nd June  12 Multiple Regression Continued 20 (omit 20.4, 20.6)

 PQ6

 DQ6

 10th June

 Monday 9th June is a public holiday.  Alternative arrangement will be made for  this week's Monday class.

 13  Revision  22  Class test  using  MINITAB  package

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:

Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html

Assessment Policy  http://mq.edu.au/policy/docs/assessment/policy.html

Grading Policy http://mq.edu.au/policy/docs/grading/policy.html

Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html

Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html

Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.

In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/

Grades

Macquarie University uses the following grades in coursework units of study:

 

·         HD - High Distinction

·         D - Distinction

·         CR - Credit

·         P - Pass

·         F – Fail

 

Grade descriptors and other information concerning grading are contained in the Macquarie

University Grading Policy which is available at:

 

http://www.mq.edu.au/policy/docs/grading/policy.html

 

For further information, please refer to page 71 of the 2013 Calendar of Governance, Legislation and Rules- Postgraduate Rules at

 

http://universitycouncil.mq.edu.au/pdfs/2013-Postgraduate_rules.pdf

 

Grade Appeals and Final Examination Script Viewing

 

If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.

 

http://www.city.mq.edu.au/reviews-appeals.html

 

Special Consideration Policy

 

The University is committed to equity and fairness in all aspects of its learning and teaching. In stating this commitment, the University recognises that there may be circumstances where a student is prevented by unavoidable disruption from performing in accordance with their ability. A special consideration policy exists to support students who experience serious and unavoidable disruption such that they do not reach their usual demonstrated performance level. The policy is available at: http://www.mq.edu.au/policy/docs/special_consideration/policy.html

 

The University defines serious and unavoidable disruption to studies as resulting from an event or set of circumstances that:

  • could not have reasonably been anticipated, avoided or guarded against by the student; and
  • was beyond the student's control; and
  • caused substantial disruption to the student's capacity for effective study and/or the completion of required work; and
  • substantially interfered with the otherwise satisfactory fulfilment of unit or course requirements; and
  • was of at least three (3) consecutive days duration within a study period and/or prevented completion of the final examination.

A Special Consideration application is deemed to be valid if all the following criteria have been satisfied:

·         The Special Consideration application is completed by the student and submitted online through www.ask.mq.edu.au within five (5) working days after the due date of the associated assessment task / final examination.

·         The application contains supporting evidence to demonstrate the severity of the circumstance(s) and that substantial disruption has been caused to the student’s capacity for effective study. (The University will not follow up on outstanding evidence, nor contact any person or body on behalf of the student. The application will be considered as submitted.)

·         The original supporting documentation has been sighted by MQC reception staff within five (5) working days after the due date of the associated assessment task.

·         Where the particular circumstances are medical in nature, a Professional Authority Form including the health professional’s Medicare Provider Number is included. (If a Professional Authority Form cannot be obtained, an original medical certificate indicating the severity (serious / not serious) and impact of the circumstances must be included with the application.)

·         Where the particular circumstances are non-medical in nature, appropriate supporting evidence indicating the severity (serious / not serious) and impact of the circumstances is included with the application.

·         The student was performing satisfactorily in the unit up to the date of the unavoidable disruption. (If a student’s work in the unit was previously unsatisfactory, subsequent unavoidable disruption will not overcome the fact that the earlier work was unsatisfactory).

Unacceptable grounds for Special Consideration

 

The University has determined that some circumstances are not acceptable grounds for claiming Special Consideration. These grounds include, but are not limited, to:

  • routine demands of employment
  • routine family problems such as tension with or between parents, spouses, and other people closely involved with the student
  • difficulties adjusting to university life, to the self-discipline needed to study effectively, and the demands of academic work
  • stress or anxiety associated with examinations, required assignments or any aspect of academic work
  • routine need for financial support
  • routine demands of sport, clubs and social or extra-curricular activities.

 

Acute Problems

The University defines acute problems as those involving fewer than three (3) consecutive days within a study period. In these cases, students should not apply for special consideration via ask.mq.edu.au, but contact their Unit Convenor within 5 working days of the assessment due date so that a local solution may be discussed, except where the disruption affects completion of a final examination. (If a final examination is affected, the student should submit a special consideration application via ask.mq.edu.au.)

Prior Conditions Conditions existing prior to commencing a unit of study are not grounds for Special Consideration, except in the event of unavoidable deterioration of the condition. The student is responsible for managing their workload in light of any known or anticipated problems. Students with a pre-existing disability/ chronic health condition may contact the Disability Service for information on available support.

In submitting a request for Special Consideration, the student is acknowledging that they may be required to undertake additional work and agreeing to hold themselves available so that they can complete any extra work as required. The time and date, deadline or format of any required extra assessable work as a result of an application for Special Consideration is not negotiable.

 

Attendance

 

All Students are required to attend at least 80% of the scheduled course contact hours each Session.  Additionally MQC monitors the course progress of international students to ensure that the student complies with the conditions of their visa relating to attendance.

This minimum level of attendance includes all lectures and tutorials. Tutorial attendance will be recorded weekly.  If any scheduled class falls on a public holiday this will be rescheduled as advised by your Lecturer. Attendance at any mid-Session or in-class test is compulsory unless otherwise stated.

 

Unavoidable non-attendance due to illness or circumstances beyond your control must be supported by appropriate documentation to be considered for a supplementary test.  Other non-attendance will obtain zero for the test. You should refer to the section below on Special Consideration for more details about this.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

Learning Skills

Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.

Student Services and Support

Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.

Student Enquiries

For all student enquiries, visit Student Connect at ask.mq.edu.au

Student Support

Students who require assistance are encouraged to contact the Student Services Manager at Macquarie City Campus. Please see reception to book an appointment.

Macquarie University provides a range of Academic Student Support Services. Details of these services can be accessed at http://students.mq.edu.au/support/

At any time students (or groups of students) can book our Student Advising rooms on Level 6 by emailing info@city.mq.edu.au with a day and time and nominated contact person. There are additional student study spaces available on Level 1.

Macquarie University Campus Wellbeing also has a presence on the City Campus each week. If you would like to make an appointment, please email info@city.mq.edu.au or visit their website at: http://www.campuslife.mq.edu.au/campuswellbeing

StudyWISE provides:

·         Online learning resources and academic skills workshops http://www.mq.edu.au/learning_skills

 

·         Personal assistance with your learning & study related questions

IT Help

For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/

When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.

IT Help

 

If you wish to receive IT help, we would be glad to assist you at http://informatics.mq.edu.au/help/ or call 02 9850-4357.

 

When using the university's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students and it outlines what can be done.

 

Students must use their Macquarie University email addresses to communicate with staff as it is University policy that the University issued email account is used for official University communication.

 

Students are expected to act responsibly when utilising Macquarie City Campus IT facilities. The following regulations apply to the use of computing facilities and online services:

 

·         Accessing inappropriate web sites or downloading inappropriate material is not permitted.

·         Material that is not related to coursework for approved unit is deemed inappropriate.

·         Downloading copyright material without permission from the copyright owner is illegal, and strictly prohibited. Students detected undertaking such activities will face disciplinary action, which may result in criminal proceedings.

 

Non-compliance with these conditions may result in disciplinary action without further notice.

 

If you would like to borrow headphones for use in the Macquarie City Campus computer labs (210, 307, 311, 608) at any point, please ask at Level 2 Reception. You will be required to provide your MQC Student ID card.  This will be held as a deposit while using the equipment.

 

For assistance in the computer labs, please see a Lab Demonstrator (usually they can be found in Lab 311, otherwise ask at Level 2 Reception).

 

 

Research and Practice

This unit uses research from external sources.

This unit gives you practice in applying research findings in your assignments.

Table of Content

                                               

Table of Content                                                                       2

General Information                                                                  3

Convenor and teaching staff                                                                              3

Credit Points                                                                                                      3

Prerequisites                                                                                                      3

Corequisites                                                                                                       3

Co-badged status                                                                                                3

Unit Description                                                                                                  3

Learning Outcomes                                                                  4

Assessment Tasks                                                                     5

Assignments                                                                                                      5

Quizzes                                                                                                              5

Class Test                                                                                                          5

Final Exam                                                                                                         5

Unit Schedule                                                                            7

Delivery and Resources                                                            9

Contacting staff                                                                                                  9

Classes                                                                                                                9

Required and Recommended texts and/or materials                                       9

Technology Used and Required                                                                         9

Unit Web Page                                                                                                    9

Learning and Teaching Activities                                                                       9

Policies and Procedures                                                           11

Student Code of Conduct                                                                                 11

Grades                                                                                                                11

Grading Appeals and Final Examination Script Viewing                               11

Student Support                                                                                                 11

Learning Skills                                                                                                                                            12

Student Enquiry Service                                                                                   12

Equity Support                                                                                                  12

IT Help                                                                                                               12

Graduate Capabilities                                                               13

Effective Communication                                                                                 13

Learning Outcome                                                                                                                                       13

Assessment Task                                                                                                                                         13

Critical, Analytical and Integrative Thinking                                                    13

Learning Outcome                                                                                                                                        13

Assessment Task                                                                                                                                         13

Problem Solving and Research Capability                                                       14

Learning Outcome                                                                                                                                        14

Assessment Task                                                                                                                                         14

 

Research and Practice                                                                15