units

FIT1006

Faculty of Information Technology

# Monash University Handbook 2011 Undergraduate - Unit

### 6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

 Level Undergraduate Faculty Faculty of Information Technology Offered Clayton First semester 2011 (Day)Gippsland Second semester 2011 (Day)Gippsland Second semester 2011 (Off-campus)

#### Synopsis

This unit is designed to give students an introduction to statistical and quantitative methods within a business-related framework and to provide students with a sound foundation for more advanced statistical and quantitative studies. The unit will provide opportunities for the student to gain skills in the presentation of business and economic data, the use of frequency distributions, measures of central tendency and dispersion, principles of probability, use of probability distributions, sampling theory, estimation, hypothesis testing, regression analysis, the use of indices and forecasting methods.

#### Objectives

At the completion of this unit students will have -
A knowledge and understanding of:

• typical sources of data such as: market research surveys, mandatory reporting, census and Consumer Price Index, commercial sources;
• sampling techniques, sampling error;
• fundamental statistical concepts such as: probability, mathematical expectation, the Central Limit Theorem, hypothesis testing, correlation and regression.
At the completion of this unit, students will have skills in:
• techniques for basic statistical analysis including: the calculation of summary statistics, graphic display of data including stem-and-leaf plots, boxplots and histograms;
• calculations required for problems based on concepts given in point-3;
• calculation of probabilities by: direct calculation from probability distribution, use of tables and spreadsheets;
• the use of computer software (eg SYSTAT) to perform all statistical techniques covered;
• communicating the results of descriptive statistical analysis through a written report.

#### Assessment

Examination (2 hours): 60%; In-semester assessment: 40%

#### Contact hours

2 hrs lectures/wk, 2 hrs laboratories/wk

#### Prohibitions

BUS1100, ETC1000, ETC1010, ETC2010, ETF2211, ETW1000, ETW1010, ETW1102, ETW2111, ETX1100, ETX2111, ETX2121, MAT1097