Statistics_2011.docVIP

Module Title Statistics Module Level Stage 2,Semester 2 Pre-Requisites Co-Requisites None Duration 19 Weeks Credits 5 Quantity of Learning Experience Lecture 34 hours Practical/Tutorial 17 hours Directed Reading 34 hours Independent Study 40 hours Allocation of Marks Continuous Assessment Project Practical Final 40% 60% Lecturer s : Yu Chunhai Room: 225, Lecture Building No. 3 Email: yuchunhai@bisu.edu.cn Administrator: Zhu Wenhua 225, Lecture Building No. 3 Lectures: Friday, 8am – 10am, Room 518, Lecture Building No. 3 Tutorials: Wednesday, 4pm – 5pm, Room 518, Lecture Building No. 3 INTRODUCTION This module provides the students with the essential analytical skills to support an accurate and rigorous approach to decision making. The module is specifically designed to develop the students modelling abilities and problem solving skills required in the modern business world. AIMS The aims of this module are: To ensure students understand the applicability of statistics as a basis for decision making in a range of business disciplines e.g. finance, marketing etc To provide students with the core statistical skills necessary to support their accurate manipulation and interpretation of numerical data To develop students statistical skills relevant to the business sector LEARNING OUTCOMES On successful completion of this module, students will be able to: Explore data numerially and graphically Design a simple questionnaire and select and collect data as part of a survey Analyse the results of a survey and present the results in an easily understood manner Understand the purpose of probability distributions and know when and how to use the various probability distributions Recognise the aims of statistical inference and be confident to apply statistical tests to data Apply probability techniques to decision making Calculate and interpret correlation coefficients Calculate and interpret the equation of a regression line manually and through