Quantitative Methods for Business

This subject has the following teaching availabilities in 2008:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

This subject is not available as a breadth subject.

On successful completion of this subject students should be able to:

• Explain how statistical theory applies to decision-making;
• Explain how data is sampled, collected and presented using a range of summary measures;
• Construct and analyse relevant measures of the random variation of data;
• Construct and explain the implications of hypothesis tests and estimates of regression equations;
• Explain some forecasting methods.

On successful completion of this subject, students should have improved the following generic skills:

• Evaluation of ideas, views and evidence
• Synthesis of ideas, views and evidence
• Strategic thinking
• Critical thinking
• Application of theory to economic policy and business decision making
• Accessing economic and other information
• Summary and interpretation of information
• Application of Windows software
• Problem solving skills
• Negotiation and bargaining
• Written communication