Module overview
Aims and Objectives
Learning Outcomes
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- develop technical, analytical, critical thinking and presentational skills;
- work effectively in a team.
- process, analyse and display data in a statistical computer package (SPSS);
- collect relevant data and summarise the main features of an uncertain situation;
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- what probability distributions are and how they are used to aid decision making;
- what is statistical reasoning and how it can be applied to aid decision making;
- what is hypothesis testing and how hypothesis testing can be used within the statistical modelling process.
- how historical data can be used to find patterns and trends; and report on past performance;
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- evaluate the existence of relationships among variables.
- understand the risks involved in a decision which involves uncertainty, and quantify such risks;
- calculate probabilities from theoretical and empirical distributions and use the results to make inferences about decision problem situations;
- identify standard problems involving uncertainty and analyse them with the correct statistical techniques;
Syllabus
Learning and Teaching
Teaching and learning methods
Type | Hours |
---|---|
Teaching | 24 |
Independent Study | 126 |
Total study time | 150 |
Resources & Reading list
Textbooks
Lind, D.A., Marchal, W.G. and Wathen, S. (2007). Statistical Techniques in Business and Economics with Student CD. London: McGraw-Hill Higher Education.
Wisniewski, M (2006). Quantitative Methods for Decision Makers. Harlow: Pearson Education.
Robertson, C (2002). Business Statistics: A Multimedia Guide to Concepts and Applications. London: Arnold Publishers.
Anderson, D.R., Sweeney, D.J., Williams, T.A., Freeman, J. and Shoesmith, E (2009). Statistics for Business and Economics. London: Nelson Education Ltd.
Morris C (2003). Quantitative Approaches in Business Studies. Harlow: Pearson Education.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Peer Group Feedback
- Assessment Type: Formative
- Feedback: Oral feedback will be given for the presentation of the case study and during group discussion.
- Final Assessment: No
- Group Work: No
Summative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Group Assignment | 30% |
Written exam | 70% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Written exam | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Method | Percentage contribution |
---|---|
Written exam | 100% |
Repeat Information
Repeat type: Internal & External