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Statistics for Business and Management

Module description


This course will familiarize students with the rudiments of statistics. Students will learn basic concepts of probability and statistical inference, focusing on an intuitive approach to understanding concepts and methodologies. Students will be introduced to statistical and critical thinking, including descriptive statistics, probability, sampling distributions, interval estimation, and hypothesis testing.

Please note that this module cannot be taken with Introduction to Statistics (BEE1022), Introduction to Statistics for Accountants (BEA1012) or Statistics for Business (BEM1024). Please also note that this module is not available to Maths students.


Additional Information:


The content of this module is universal and applicable around the world. It includes international examples with real statistical data from countries such as China, India, Europe and the UK.


Knowledge of statistics is essential for any business or economics student, so this module provides students with a valuable theoretical and practical understanding of the subject, as well as weekly assignments that enable them to work consistently with continuity and discipline.


All of the lecture notes and tutorial sets are available on the ELE (Exeter Learning Environment).

Full module specification

Module title:Statistics for Business and Management
Module code:BEE1025
Module level:1
Academic year:2023/4
Module lecturers:
  • Dr Ana Fernandes - Convenor
Module credit:15
ECTS value:





Cannot be taken with BEE1022 Introduction to Statistics, BEA1012 Introduction to Statistics for Accountants or BEM1024 Statistics for Business. Please note that this module is also not available to Maths students.

Duration of module: Duration (weeks) - term 2:


Module aims

The module aims to provide students with an understanding of the role of statistical methodologies in the business and management environment through both theoretical input and extensive hands-on practice, using the Excel and Minitab software with a variety of data types and statistical models.

ILO: Module-specific skills

  • 1. construct charts and calculate appropriate descriptive statistics to summarise a data set;
  • 2. solve a range of problems involving probability;
  • 3. compute and interpret the results of hypothesis testing;
  • 4. compute and interpret a variety of non-parametric methods of inference.

ILO: Discipline-specific skills

  • 5. demonstrate awareness of the role of numerical evidence in the business and management environment;

ILO: Personal and key skills

  • 6. demonstrate quantitative, computational and computer literacy skills;
  • 7. demonstrate written communication skills.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching Activity20Lectures
Scheduled Learning and Teaching Activity10Tutorials
Scheduled Learning and Teaching Activity2Revision Lectures
Guided Independent Study68Exam and Assignment preparation
Guided Independent Study 10 Homework tasks
Guided Independent Study 40Preparation for and revision of lectures

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Weekly tutorial exercises50 minutes1-7In class

Summative assessment (% of credit)

CourseworkWritten examsPractical exams

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Midterm examination2050 minutes1-7Final grade; Exam solutions will be posted on ELE
Examination in May802 hours1-7Final grade; Exam solutions will be posted on ELE

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Midterm examination (20%)Midterm examination (50 minutes, 20%)1-7August/September Reassessment Period
Examination in May (80%)Examination (2 hours, 80%)1-7August/September Reassessment Period

Syllabus plan

  •  An Introduction to Statistics
  •  Descriptive Statistics
  •  Introduction to Probability
  •  Discrete Probability Distributions
  •  Continuous Probability Distributions
  •  Sampling and Sampling Distributions
  •  Interval Estimation 
  •  Statistical Inference

Indicative learning resources - Basic reading

Basic reading: The main text is:

Anderson, D., Sweeney, D., Williams, T., Freeman, J. and E. Shoesmith (2010) ‘Statistics for Business and Economics’, second edition, University of Exeter Customized Edition, Cengage Learning, Andover, Hampshire, ISBN: 978-1-4080-3616-7.

Students will also find useful the material in:

Barrow, M. (2006) Statistics for Economics, Accounting & Business Studies, 4th edition, London: Financial Times Prentice Hall.

Module has an active ELE page?


Origin date


Last revision date