The general aim of this introductory course in statistics is to provide a challenging and interesting introduction to the application of statistics to conducting business and financial research.

This course aims to encourage students to acquire statistical reasoning and thinking skills and to relate those skills to business problem solving and conducting business research.
Students will explore:

• Frameworks and concepts relevant for developing statistical reasoning
• Frameworks and concepts relevant for statistical thinking
• How statistical models, concepts and reasoning can be used to examine the relationships across business and financial variables
• How to communicate effectively with peers, colleagues and specialists
• How to work with others in a problem solving context
• Build skills in identifying the sources of business and financial data for statistical analysis

By the end of this course students will be able to:
1.Utilise different types of graphical displays and descriptive statistics appropriate to characterise different types of business and financial data.
2.Compare the characteristics of different probability distributions relevant to business and financial research.
3.Be aware of the different types of sampling techniques
4.Estimate the population mean using point and interval estimators.
5.Conduct a rigorous hypothesis test using sample information.
6.Use linear regression models to estimate the relationship between variables

*Course content subject to change