Quantitative Methods for Business

This subject has the following teaching availabilities in 2011:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

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;
• Evaluate evidence to inform decision making.

• A 2-hour end-of-semester examination (60%);
• A 1-hour mid-semester test (10%); and,
• Three assignments totalling 30 pages due in weeks 3, 9 and 12 of semester (30%)

This subject is not available as a breadth subject.

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