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QBM101 Business Statistics

This document provides information about the Essentials for Business Statistics subject at the University of Finance. It outlines details about the subject such as the code, credits, teaching language, and prerequisites. It describes the topics that will be covered, including descriptive statistics, probability distributions, sampling, hypothesis testing, and regression. The objectives of the subject are to introduce students to statistical concepts and techniques for use in business. Assessment will include attendance, quizzes, a midterm exam, and a final exam.

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26 views4 pages

QBM101 Business Statistics

This document provides information about the Essentials for Business Statistics subject at the University of Finance. It outlines details about the subject such as the code, credits, teaching language, and prerequisites. It describes the topics that will be covered, including descriptive statistics, probability distributions, sampling, hypothesis testing, and regression. The objectives of the subject are to introduce students to statistical concepts and techniques for use in business. Assessment will include attendance, quizzes, a midterm exam, and a final exam.

Uploaded by

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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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UNIVERSITY OF FINANCE - MARKETING

INTERNAL SUBJECT DETAILS


Year 2020

Subject: BA1QBM101
Essentials for Business Statistics
Subject Lecture/Tutor: Dr. Nguyen Minh Tuan
Consultation:
QBM101 ESSENTIALS FOR BUSINESS STATISTICS

General information about the faculty


Full name: Nguyen Minh Tuan
Education: Doctor of Business Administration, ACCA member, CFA charterholder
Academic title: Dr
Contact address: 41 Ten Lua Street, Binh Tri Dong B Ward, Binh Tan District, HCM City
General information about the Subject
- Name of Subject: MATHEMATICS FOR BUSINESS
- Code Subject: MAB101
- Credit: 3 credits (45/0/90)
- Teaching Language: English
- Degree: Bachelor
- Training Mode: Full - time
- The requirements of subject: Required
- The Prerequisite modules: None
- Hours of sections based on credits of the following activities:
+ Theoretical lectures, assessments in class: 45 lessons (1 lesson: 50 minutes)
+ Self-research and self-study: 90 lessons (1 lesson: 50 minutes)
PRE-REQUISITE(S)

No pre-requisite is required.

SYNOPSIS

Students will be introduced to the concepts involved in descriptive and inferential statistics.
Topics include the role of statistics in a scientific investigation, methods of condensing,
displaying, describing and presenting data, elementary descriptive statistics, elementary
probability, binomial, Poisson and normal distributions, single-sample inference, comparison of
frequencies, regression and correlation.
OBJECTIVES

Upon completion of this subject, students should be able to:


• recognize the need for statistics and the steps involved in sound scientific procedure for
experiments and investigations in their discipline;
• use statistics correctly in helping the results of their experiments and investigations to
withstand critical evaluation;
• use appropriate pictorial representations and displays to help in interpretation and
presentation of data;
• calculate and interpret measures of central tendency and dispersion, and use the
appropriate measure in a given business situation;
• compute probabilities for mutually exclusive events, dependent and independent events
and apply these techniques to business situations;
• describe and be able to apply the properties of the binomial, Poisson and normal
distributions in the appropriate circumstances;
• make statistical inferences based on a single random sample;
• Evaluate and correctly interpret the correlation between two variables, and fit a line of
regression to a set of bivariate data and correctly interpret and use this line.

TOPICS

❖ Topic 1 What is Statistics?

❖ Topic 2 Frequency distribution and graphic presentation.

❖ Topic 3 Measures of location.

❖ Topic 4 Measures of dispersion.

❖ Topic 5 Probability concepts and principles of counting.

❖ Topic 6 Discrete probability distributions.

❖ Topic 7 The normal probability distribution.

❖ Topic 8 Sampling distributions.

❖ Topic 9 Estimation and sample size determination

❖ Topic 10 Testing of hypothesis. Describing a single

❖ Topic 11 Linear regression and correlation.


❖ Topic 12 Multiple regression

PRESCRIBED TEXT
Selvanathan, A., Selvanathan, S., Keller, G. & Warrack, B. (2007) Australian Business Statistics,
4th edition, Thomson

RECOMMENDED REFERENCES
Berenson, ML, Levine, DM & Krehbiel, TC and Stephan, D.F. (2011) Basic Business Statistics
12th Edn, Pearson Prentice Hall
McClave, JT, Benson, P.G & Sincich, T. (2011) Statistics for Business and Economics 11th Edn,
Pearson
Pallant, J. (2010) SPSS Survival Manual: A step by step guide to data analysis using SPSS 4th
Edn, McGraw Hill.

COMPUTER PACKAGE
Interpretation of Outputs from the Microsoft Excel and SPSS will be tested both in the mid-
semester test and the final examination

ASSESSMENT DETAILS

Attendance - 10%

Quiz/Individual Exercise - 15%

Midterm Examination - 25%

Final Examination - 50%

Total - 100%

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