Unit convenor and teaching staff |
Unit convenor and teaching staff
Hilary Green
Maurizio Manuguerra
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
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Unit description |
Unit description
Data is the foundation of sound business decisions. In this unit you will learn the fundamentals of analysing, solving and communicating business problems using quantitative information. The unit will cover the statistical and mathematical concepts that provide a foundation for the study of and professional practice in business and economics. The focus will be on tools and approaches that are used every day in business. Problems and examples will be drawn from current real-world experience.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Due |
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4 x Hurdle Tests | 10% | Sessions 2, 4, 7 and 13 |
Assignment | 15% | Session 11(13th January, 9pm) |
Class Test | 15% | Practical Class Session 8 |
Final Examination | 60% | Examination Period |
Due: Sessions 2, 4, 7 and 13
Weighting: 10%
The Hurdle Tests are online quizzes that will be made available on iLearn prior to the due dates. Students are allowed an unlimited number of attempts at each test until the deadline. The pass mark is indicated on each hurdle test. Inability to pass a test without help indicates that students should visit the lecturer in their consultation hours. The highest score obtained will count towards the final grade. Each time a student attempts a test a new version of it will be generated. The quizzes are designed to give students an opportunity to practice theoretical, mechanical and interpretational aspects of statistics. Hurdle 1 helps students understand if they have the background mathematics needed for STAT150. It is worth 0%, but students still need to pass it to access the following hurdles. Hurdle 2 is worth 2% and hurdle 3, 4 are worth 4% each. Extensions will only be granted for cases in which an application for disruption to studies has been approved.
Due: Session 11(13th January, 9pm)
Weighting: 15%
The Assignment provides students with an opportunity to develop and to apply sound statistical practice as part of a group. It reinforces the concepts covered in lectures and the skills learned from the practical material. This assignment requires students to use Excel to analyse data using appropriate techniques. The assignment must be submitted in the form of a statistical report. Each group member will take charge of a particular aspect of the report. The assignment will be made available on iLearn at least one week prior to the due date. Submission must be via the iLearn turnitin link only and more details will be given in the assignment. Penalties apply for late submissions and failure of a student to contribute to the group report will result in no marks being awarded to that student. Extensions will only be granted for cases in which an application for disruption to studies has been approved.
Due: Practical Class Session 8
Weighting: 15%
The Class Test will be held in a students' practical class in session 8, Wednesday 6th January. The class test must be taken in the practical class that a student is registered in. Students must bring their student ID. Failure to supply ID will mean exclusion from the test. A standard calculator may be taken into the class test (mobile phones and other devices with calculator apps are not permitted). No other material (apart from writing equipment) will be permitted in the class test. A supplementary class test will be given for students with an approved disruption to studies application.
Due: Examination Period
Weighting: 60%
The Final Examination will be a three hour written exam (plus ten minutes reading time) and will be held during the examination period which runs from 25th January to 29 January, 2016. A page of formulae and relevant Excel output will be included in the final examination. Students will be permitted to take one A4 sheet (any colour), handwritten on both sides (using pens and/or pencils) into the final examination. This sheet must be submitted with your final exam paper at the conclusion of the exam. A standard calculator may also be taken into the final examination (mobile phones and other devices with calculator apps are not permitted in the exam). See the Session 13 iLearn important information for more details on preparing for the final exam.
In general there will be three 'Sessions' per week, held on Mondays, Wednesdays and Fridays.
Students should enrol in and attend the following classes each session:
The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au
Students can change their tutorial and practical classes by using eStudent at: https://student1.mq.edu.au/
Required Text:
Many other useful texts are available for additional practice material. A list will be made available on iLearn.
Technology Used and Required
All course material is delivered through iLearn (which is a version of Moodle). The link may be found at http://ilearn.mq.edu.au
Session |
LECTURE TOPIC |
Assessment Due |
1 |
Introduction to statistics |
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2 |
Summarising and displaying data |
Hurdle 1 due, 9th December |
3 |
Summarising and displaying data (continued) |
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4 |
Introduction to distributions: the normal distribution |
Hurdle 2 due, 14th December |
5 |
Sampling distributions and confidence intervals for proportions |
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6 |
Sampling distributions and confidence intervals for means |
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SEMESTER BREAK: 19th December - 3rd January |
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7 | One sample hypothesis test for a population mean |
Hurdle 3 due, 4th January |
8 |
Hypothesis tests for comparing population means |
Class Test (held during Practicals, 6th January) |
9 |
Simple linear regression (Part 1) |
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10 |
Simple linear regression (Part 2) |
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11 |
Hypothesis tests for a population proportion: z-test and chi-squared goodness-of fit |
Assignment due by 5pm, Wednesday 13th January |
12 |
Chi-squared test of independence |
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13 |
Review of STAT150 |
Hurdle 4 due 22nd January |
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.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
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.
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