GE2262Business Statistics

What you will study

Course overview

With today’s widespread use of statistics in the media, academic and business firms, this course aims to provide students with a good understanding of basic statistical concepts so as to facilitate their decision making. The course content is based on real-world examples and cases to encourage students to develop their attitude and ability to discover and innovate.

Official PDF, page 2 · Abstract

Course content

Presenting Data and Descriptive Statistics Types of data. Organizing and visualizing data. Descriptive statistics including measures of central tendency, variation and shape. Basic Probability and Probability Distributions Probability distribution for a discrete random variable. Binomial distribution. Normal distribution. Sampling distributions of mean and proportion. Central limit theorem. Statistical Inference Estimation of population parameters - the mean and proportion. Confidence interval estimation. Statistical hypotheses. Type I and Type II errors. The significance level and rejection region. The p-value. Testing hypotheses about the mean and proportion. Determining sample size. Simple Linear Regression Scatterplots. Measuring correlation. Simple linear regression model. Least squares estimated of parameters. Measures of variation. Inference about regression parameters. Prediction of new observations.

Official PDF, page 5 · Keyword Syllabus

Intended learning outcomes

View official learning outcomes and conditions

CILOs                                               Weighting (if DEC-A1        DEC-A2          DEC-A3
                                                                    app.)
1               Explain concepts in numerical descriptive           35                           x
                measures, sampling distributions, confidence
                interval estimation, hypothesis testing, and
                simple linear regression model.
2               Select appropriate statistical methods to analyse 35                             x
                real-life business data.
3               Interpret the statistical results and give          10                x          x
                recommendations for business decisions.
4               Apply standard statistical software, such as        20                           x
                Microsoft Excel, to analyse data arising from
                real-life business problems.

Official PDF, page 2 · Course Intended Learning Outcomes (CILOs)

Before you take this course

Check prerequisites, precursors and corequisites separately, together with equivalence and exclusion conditions. “and” means conditions must be met together; “or” marks alternatives. Read combined conditions in the groupings shown in the original text below.

Prerequisites

Nil

Official PDF, page 1 · Prerequisites

Precursors

Nil

Official PDF, page 1 · Precursors

Corequisites

This edition of the official syllabus does not state this item.

Additional course requirements

This edition of the official syllabus does not state this item.

Equivalent courses and conditions

CB2200 Business Statistics

Official PDF, page 1 · Equivalent Courses

Exclusive courses and conditions

GE2213 Understanding Uncertainty and Statistical Reasoning

Official PDF, page 1 · Exclusive Courses

Assessment and passing the course

Assessment

Continuous Assessment (%): 50; Examination (%): 50; Examination Duration (Hours): 2

View the original assessment table and instructions

ATs             CILO No.             Weighting (%)     Remarks ("-" for   Allow Use of
                                                                                nil entry)         GenAI?
1                        Quizzes         1, 2, 3              20                -                  Yes
2                        Assignments     2, 3, 4              30                -                  No

Official PDF, page 3 · Continuous Assessment (%),Examination (%),Examination Duration (Hours)

Passing requirements

This edition of the official syllabus does not state this item.