# Statistics for Business and Management

## Module description

Summary:

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).

Internationalisation

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.

Employability

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.

Sustainability

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

[PLEASE NOTE THIS MODULE IS NOT AVAILABLE TO MATHS STUDENTS]

## Full module specification

Module title: Statistics for Business and Management BEE1025 1 2018/9 Dr Esmaeil Ebadi - 15 7.5 This module is not available to Maths students. Cannot be taken with BEE1022 or BEA1012 Duration (weeks) - term 2: 11

## 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. demonstrate the ability to utilise a software package (Excel and Minitab) for a range of statistical applications
• 5. compute and interpret a variety of non-parametric methods of inference

## ILO: Discipline-specific skills

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

## ILO: Personal and key skills

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

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

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
321180

## Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours20Lectures
Contact hours10Tutorials
Contact hours2Revision Lectures
Guided Independent Study78Exam 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 multi choice quizzes (online)10 minutes2,3,5,6,7ELE
Weekly tutorial exercises50 minutes6,7In class

## Summative assessment (% of credit)

CourseworkWritten examsPractical exams
01000

## Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Examination7090 minutes1-3,5,6,7,8Final grade; Exam solutions will be posted on ELE
Individual Assignment 201500 words1-8Written feedback on GradeMark
Average of 10 weekly homework tasks in tutorials1020-30 minutes4,7ELE
0
0
0

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

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Examination, Assignment and weekly homeworkExamination (100%) 2 hours1-8August examination period

## Syllabus plan

• An Introduction to Statistics
• Descriptive Statistics: Tabular and Graphical Methods
• Descriptive Statistics: Numerical Methods
• Introduction to Probability
• Discrete Probability Distributions
• Continuous Probability Distributions
• Sampling and Sampling Distributions
• Interval Estimation
• Hypothesis Tests
• Statistical Inference about Means and Proportions with two Populations
• Tests of Goodness of Fit and Independence
• Main Non-parametric Methods of Inference
• Revision

## Indicative learning resources - Basic reading

Basic reading: The main text is:

Cortinhas, C. and Black, K. (2012), Statistics for Business and Economic, 1st European Edition, Chichester: John Wiley and Sons, Ltd. ISBN: 978-1-119-99366-7.

Students will also find useful the material in:

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.

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

Yes

01/09/2008

17/10/2018