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ETX1100
Business statistics
Unit Guide
Semester 2, 2010
The information contained in this unit guide is correct at time of publication. The University has the right
to change any of the elements contained in this document at any time.
Last updated: 20 Jul 2010
Table of Contents
ETX1100 Business statistics - Semester 2, 2010....................................................................................1
Chief Examiner:...............................................................................................................................1
Lecturer(s) / Leader(s):....................................................................................................................1
Caulfield...............................................................................................................................1
Tutor(s):.......................................................................................................................................................1
Caulfield...........................................................................................................................................1
Introduction..................................................................................................................................................2
Unit synopsis...............................................................................................................................................2
Learning outcomes......................................................................................................................................2
Contact hours..............................................................................................................................................2
Workload.....................................................................................................................................................2
Unit relationships.........................................................................................................................................2
Prerequisites....................................................................................................................................2
Prohibitions......................................................................................................................................3
Relationships...................................................................................................................................3
Teaching and learning method....................................................................................................................4
Timetable information......................................................................................................................4
Unit Schedule..................................................................................................................................4
Tutorial Program..............................................................................................................................5
Unit Resources............................................................................................................................................7
Prescribed text(s) and readings.......................................................................................................7
Recommended text(s) and readings................................................................................................7
Library resources.............................................................................................................................7
Blackboard (MUSO).........................................................................................................................7
Q Manual.........................................................................................................................................8
Calculators.......................................................................................................................................8
Required software and/or hardware................................................................................................8
Study resources...............................................................................................................................8
Assessment.................................................................................................................................................9
Assessment Summary.....................................................................................................................9
Faculty assessment policy...............................................................................................................9
Hurdle requirements........................................................................................................................9
Second marking...............................................................................................................................9
Return of final marks........................................................................................................................9
Applications for extension of time....................................................................................................9
Additional assessment information..................................................................................................9
Assessment tasks............................................................................................................................9
Assessment task 1...........................................................................................................................9
Examinations.................................................................................................................................10
Examination 1................................................................................................................................10
Special consideration.....................................................................................................................11
Assessment criteria - grading descriptors table.............................................................................12
Appendix....................................................................................................................................................13
ETX1100 Business statistics - Semester 2, 2010
Chief Examiner:
Hsein Kew
Lecturer(s) / Leader(s):
Caulfield
Hsein Kew (Week 1, Week 2, Week 13)
Contact hours: Wednesdays 12pm to 2pm
Mr Farid Zaid (Week 3 to Week 12)
Contact hours: Wendesdays 12pm to 2pm
Tutor(s):
Caulfield
Mr Bruce Chen
Mr Haotian Chen
Mrs Charanjit Kaur
Ms Mala Raghavan
Ms Sze Ting
Mrs Ainura Tursunalieva
Mrs Alpana Trivedi
Mr Farid Zaid
1
Introduction
Welcome to ETX1100 Busniess Statistics for Semester 1, 2010. This 6 point  unit is compulsory for the
Bachelor of Business  degree programme.
Unit synopsis
Students will learn to use basic statistical techniques and their applications to problems in accounting,
finance, management, marketing and business in general. Students should also be able to effectively
communicate the results of their analyses. This unit covers descriptive statistics for revealing the
information contained in data; probability as a tool for dealing with uncertainty and risk; probability
distributions to model business behaviour; estimation and hypothesis testing techniques for decision
making; simple tools for forecasting time series; and calculation and interpretation of basic price indices.
Excel is used extensively.
Learning outcomes
The learning goals associated with this unit are to:
interpret business data using descriptive statistics techniques, including the use of spreadsheet
functions
•   
apply simple concepts of probability and probability distributions to problems in business
decision-making
•   
describe the role of statistical inference and apply inference methods to single population means•   
evaluate relationships between variables for business decision-making, using the concept of
correlation and simple linear regression
•   
apply time series techniques of indexing, deflating and forecasting to business and financial
series and interpret the results.
•   
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Workload
On-campus: This is a six credit point unit with three hours class contact per week over 13 teaching
weeks. The total time commitment expected for this unit is 156 hours. In order to meet the faculty's
expectation, students should plan to spend on average nine hours in self-directed study, in addition to
the three hours of class contact, each week.  Self-directed study includes time spent in preparing for and
completing assessment tasks, together with time spent in general study, revision and exam preparation.
Unit relationships
Prerequisites
Students enrolled in course code 2601 must be granted permission to study this unit. For all other
students, no prerequisites apply.
ETX1100 Business statistics - Semester 2, 2010
2
Prohibitions
BMS11,BUS1100, ETC1000, ETW1102, PMM2020, SCI1020
Relationships
Prerequisites: Although a Year 12 mathematics subject is a prerequisite for entry into Bachelor of
Business, ETX1100 only assumes you have covered the basic mathematics from the first four years of
secondary school.
ETX1100 Business statistics - Semester 2, 2010
3
Teaching and learning method
On-campus:
This unit will be taught on Caulfield campus as a two-hour lecture and a one hour tutorial each week for
13 weeks.
Your study time will be far more effectively used if you concentrate on understanding the unit material,
rather than on mere rote learning. If you encounter difficulty with the unit material, you will need to invest
more time.  Furthermore, you should consult a tutor. Each tutor will set aside an hour each week
throughout the semester to meet with students for individual consultations. The times and locations for
consultations with these tutors will be provided on the unit Blackboard site from the second week of
semester.
Timetable information
For information on your timetable, including tutorial allocation if required, please refer to:
http://allocate.its.monash.edu.au/
Unit Schedule
Week Key Dates Topic Required
Reading
Week 1 21 July 2010 Graphical Descriptive Methods Ch 2,
especially
2.1, 2.2,
2.3
Week 2 28 July 2010 Numerical Descriptive Measures Ch 4,
especially
4.1, 4.2,
4.3
Ch 6,
especially
6.3, 6.4
Week 3 4 August
2010
Basic Probability Ch 5,
especially
5.1, 5.2,
5.3, 5.4,
5.6
Week 4 11 August
2010
Discrete Probability Distributions Ch 7,
especially
7.1, 7.2,
7.3, 7.6
Week 5 18 August
2010
Continuous Probability Distributions Ch 8,
especially
8.1, 8.2
Week 6 25 August
2010
Sampling Distributions Ch 10,
especially
10.1
ETX1100 Business statistics - Semester 2, 2010
4
Week 7 1 September
2010
Confidence Intervals Ch 11,
especially
11.1, 11.2,
11.3, 11.5
Week 8 8 September
2010
Hypothesis Testing Ch 12,
especially
12.1, 12.2,
12.4
Week 9 15 September
2010
Additional tests for Nominal Data Ch 13,
especially
13.1, 13.2
Week 10 22 September
2010
Regression Analysis – Part 1 Ch 4,
especially
4.4
Ch 14 and
Ch 15
Mid Semester Break
Week 11 6 October
2010
Regression Analysis – Part 2 Ch 14 and
Ch 15
Week 12 13 October
2010
Time Series Analysis and
Index Numbers
Ch 16,
especially
16.1, 16.2,
16.3, 16.6
Ch 17,
especially
17.1, 17.4
Week 13 20 October
2010
According to the University Week Thirteen of Semester Policy,
“In relation to coursework units with examinations, week thirteen
(or the last week of semester) will be devoted to consolidation
and review.  There will be no class tests in Week Thirteen and
assignment deadlines will be no later than the end of Week
Twelve.”
Tutorial Program
Week Tutorial Topic Required Reading
Week 1 Venue: Computer
Lab
Basic Knowledge of Excel Tutorial material in Week 1 is NOT
Examinable.
Week 2 Venue: Computer
Lab
Graphical Descriptive Methods Lecture Slides in Week 1
Week 3 Venue:Tutorial
Room
Numerical Descriptive
Measures
Lecture Slides in Week 2
Week 4 Venue:Tutorial
Room
Basic Probability Lecture Slides in Week 3
Week 5 Venue:Tutorial
Room
Discrete Probability
Distributions
Lecture Slides in Week 4
ETX1100 Business statistics - Semester 2, 2010
5
Week 6 Venue:Tutorial
Room
Continuous Probability
Distributions
Lecture Slides in Week 5
Week 7 Venue:Tutorial
Room
Sampling Distributions Lecture Slides in Week 6
Week 8 Venue:Tutorial
Room
Confidence Intervals Lecture Slides in Week 7
Week 9 Venue:Tutorial
Room
Hypothesis Testing Lecture Slides in Week 8
Week 10 Venue:Tutorial
Room
Additional tests for Nominal
Data
Lecture Slides in Week 9
Mid Semester Break
Week 11 Venue: Computer
Lab
Regression Analysis – Part 1 Lecture Slides in Week 10
Week 12 Venue: Computer
Lab
Regression Analysis – Part 2 Lecture Slides in Week 11
Week 13 Venue: Computer
Lab
Time Series Analysis and Index
Numbers
Lecture Slides in Week 12
Students should note that the lecture and tutorial programs outlined are a guide to the material to be
covered in this unit and not a definative statement of when that material will be covered. Specific details
relating to the timing will be discussed in lectures and tutorials, and posted on the Blackboard unit
website.
Tutorial allocation
Students must enrol themselves in a tutorial group using Allocate+ at URL:
http://allocate.its.monash.edu.au/
Tutorials start in Week 1 (week beginning 19 July 2010).
Tutorials in Week 1 and Week 2 are held in Computer labs.
Tutorials in Week 3 to Week 10 are held in Tutorial rooms.
Tutorials in Week 11 to Week 13 are held in Computer labs.
Computer lab is labelled as P2 in your timetable. For example: Tutorial/01-P2 Room: CA_K/K102. This
means that your computer lab is in Room 102, Building K.
Tutorial room is labelled as P1 in your timetable. For example: Tutorial/01-P1 Room: CA_N/N203. This
means that your tutorial room is in Room 203, Building N.
ETX1100 Business statistics - Semester 2, 2010
6
Unit Resources
Prescribed text(s) and readings
Selvanathan, A., Selvanathan, S., Keller, G. & Warrack B. (2007). Australian Business Statistics (Edition
4, Abridged version) Cengage Learning.  
We will be using this text throughout the subject, and will refer to it as SSKW. This text is available for
purchase at the MONSU The Bookstore (Level 2, Building K, Caulfield Campus). Copies are available at
the Caulfield Library.
Recommended text(s) and readings
Selvanathan, S., Selvanathan, A., Learning Statistics and Excel in Tandem, 2nd edition, Thomson, 2007.
Copies are available at the Caulfield Library.
Library resources
The Monash University Library provides a range of services and resources that enable you to save time
and be more efficient in your learning and research at URL: http://www.lib.monash.edu.au or via the
Library tab in the my.monash portal.
Blackboard (MUSO)
All unit and lecture materials, plus other information of importance to students, are available
through the MUSO (Monash University Studies Online) site. You can access MUSO via the
My.Monash Portal:  http://my.monash.edu.au
•   
Under “Online Systems” click the MUSO hyperlink
In order for your MUSO unit(s) to function correctly, your computer needs to be set up and certain
programs may need to be installed such as a compatible Java version (eg version 1.5.0). This can easily
be done by going to http://www.monash.edu.au/muso/support/students/browserset.html to update the
relevant software.
You can contact MUSO Support by:
Jobdesk: http://jobdesk.monash.edu.au/login/index.cfm?jobdesk_id=14
Email: muso.support@calt.monash.edu.au
Phone: (+61 3) 9903-1268
Operational hours (Monday – Thursday) – local time
Australia: 8 am to 10 pm (8pm Non Teaching period)
Malaysia: 6 am to 8 pm (6 pm Non Teaching period)
South Africa: 11pm to 1pm (11 am Non Teaching period)
Operational hours (Friday) – local time
Australia: Australia: 8 am to 8 pm
Malaysia: 6 am to 6 pm
South Africa: 11pm to 11 am
ETX1100 Business statistics - Semester 2, 2010
7
Operational hours (Saturday-Sunday) – local time (Teaching and Exam Period Only)
Australia: 1 pm to 5 pm
Malaysia: 11 am to 3 pm
South Africa: 4 am to 8 am
Further information can be obtained from the following site
http://www.monash.edu.au/muso/support/index.html
Q Manual
The Q Manual is a student guide for producing quality written work on time. Printed copies are available
at the bookshop or online at URL: http://www.buseco.monash.edu.au/publications/qmanual/qmanual.pdf.
Calculators
Students can bring any calculators into the final examination (including programmable calculators and
graphical calculators). An “approved for use” Faculty label is NOT required.
Required software and/or hardware
Excel Computing 
All students need access to Microsoft Excel, with Excel’s `Data Analysis’ add-in facility activated.
Introductory Excel sessions for students with no Excel knowledge will be held in Week 1 tutorials. Excel
is required to answer some of the tutorial and assignment questions. The various Excel statistical
functions and commands that are needed will be introduced in lectures and tutorials as required.
Study resources
Check the unit Blackboard site regularly for:
1. Course Announcements
2. Lecture slides, available prior to the lectures each week.
3. Weekly tutorial problem sheets, available the week before the relevant tutorial.
4. Assignment questions (their availability will be announced during lectures).
5. Data files used in lectures, tutorials and assignments.
6. Audio recording of lectures
ETX1100 Business statistics - Semester 2, 2010
8
Assessment
Assessment Summary
Within semester assessment: 50%
Examination (3 hours): 50%
Faculty assessment policy
For information regarding assessment policy, please refer to the appendix at the end of this Unit Guide.
Hurdle requirements
Your final mark will be the sum of the marks gained in all pieces of assessment except that to pass this
unit you must achieve at least 40% in the final examination. Where you achieve less than 40% in the
final examination your maximum final mark will be 45%.
Second marking
For information regarding second marking practice, please refer to
http://www.buseco.monash.edu.au/asg/agu/policies/written-assign.html#secmark
Return of final marks
The final mark that a student receives for a unit will be determined by the Board of Examiners on the
recommendation of the Chief Examiner taking into account all aspects of assessment. The final mark for
this unit will be released by the Board of Examiners on the date nominated in the Faculty Calendar.  
Applications for extension of time
For information regarding extensions of time, please refer to
http://www.buseco.monash.edu.au/asg/agu/policies/written-assign.html#extoftime
Additional assessment information
Students who are repeating ETX1100 must submit all assignments. They CANNOT use their
assessment marks from a previous semester.
Assessment tasks
Assessment task 1
Title:
Assignment 1, Assignment 2, Assignment 3
Learning objectives assessed:
Objectives 1 to 5
Weighting:
Assignemnt 1 =10%, Assignment 2 =15%, Assignment 3 = 25%
Criteria for assessment:
•   
ETX1100 Business statistics - Semester 2, 2010
9
Three Individual Assignments; that is each student must complete Assignments 1, 2 and 3
on their own.
Task details:
Due date:
Assignment 1 Due date: Week 4 Friday 13 August by 4:00PM. Assignemnt 2 Due date:
Week 8 Wednesday 8 September by 4:00PM. Assignment 3 Due date: Week 11
Wednesday 6 October by 4:00PM
Submission details:
Assignment can be submitted to your tutor in your tutorial, or you can place your
assignment in the assignment box on Level 5 Building H, Caulfield Campus.
DO NOT submit your assignment electronically or by email.
Return of marks:
Marked Assignment 1 will be returned to students during tutorials in week 6. Marked
Assignment 2 will be returned to students during tutorials in Week 10. Marked Assignment
3 will be returned to students during tutorials in Week 13.
Penalties for late lodgement:
A maximum penalty of 2% of the total mark allocated to Assignment 1 will be deducted for
each business day that it is late.
A maximum penalty of 3% of the total mark allocated to Assignment 2 will be deducted for
each business day that it is late.
A maximum penalty of 5% of the total mark allocated to Assignment 3 will be deducted for
each business day that it is late.
Assessment coversheet:
Work submitted for assessment MUST be accompanied by a completed and signed
assignment coversheet, available at URL:
http://www.buseco.monash.edu.au/student/forms/assessment-coversheet.doc. 
Make sure the assignment COVER SHEET is on the top of your assignment and you must
complete all sections of the cover sheet, including your tutorial day/time and your tutor’s
name. Also you must sign and date the cover sheet. If your assignment does not have a
cover sheet, your assignment will be returned to you unmarked.
Put your TUTOR’S NAME and your TUTORIAL DAY and TIME on the COVER SHEET. If
you do not, your assignment will be returned to you unmarked.
Examinations
Examination 1
Weighting:
50%
Duration:
3 hours
Type (open/closed book):
Closed book
Materials examinable:
The final exam will be based on all the material covered during lectures and tutorials,
assigned required reading and textbook exercises. Excel statistical functions and
commands are not examinable, but you are required to know how to interpret Excel's
tables and graphs in exam.
Remarks:
•   
ETX1100 Business statistics - Semester 2, 2010
10
You may take into the exam a calculator.♦   
As English is the language of instruction at Monash University, foreign language
translation dictionaries are not permitted in examinations held by the Faculty.
♦   
Special consideration
For information regarding special consideration, please refer to the appendix at the end of this Unit
Guide.
ETX1100 Business statistics - Semester 2, 2010
11
Assessment criteria - grading descriptors table
High
Distinction
(80%+)
Distinction
(70 - 79%)
Credit
(60 - 69%)
Pass
(50 - 59%)
Fail
(Less than 50%)
General
description
Outstanding or
exceptional work
in terms of
understanding,
interpretation
and
presentation
A very high
standard of
work which
demonstrates
originality and
insight
Demonstrates a
high level of
understanding and
presentation and a
degree of
originality and
insight
Satisfies the
minimum
requirements
Fails to satisfy the
minimum
requirements
Reading Strong evidence
of independent
reading beyond
core texts and
materials
Evidence of
reading beyond
core texts and
materials
Thorough
understanding of
core texts and
materials
Evidence of
having read core
texts and
materials
Very little evidence
of having read any
of the core texts
and materials
Knowledge
of topic
Demonstrates
insight,
awareness and
understanding
of deeper and
more subtle
aspects of the
topic. Ability to
consider topic in
the broader
context of the
discipline
Evidence of an
awareness and
understanding
of deeper and
more subtle
aspects of the
topic
Sound knowledge
of principles and
concepts
Knowledge of
principles and
concepts at least
adequate to
communicate
intelligently in
the topic and to
serve as a basis
for further study
Scant knowledge
of principles and
concepts
Articulation
of argument
Demonstrates
imagination or
flair.
Demonstrates
originality and
independent
thought
Evidence of
imagination or
flair.
Evidence of
originality and
independent
thought
Well-reasoned
argument based
on broad evidence
Sound argument
based on
evidence
Very little evidence
of ability to
construct coherent
argument
Analytical
and
evaluative
skills
Highly
developed
analytical and
evaluative skills
Clear evidence
of analytical and
evaluative skills
Evidence of
analytical and
evaluative skills
Some evidence
of analytical and
evaluative skills
Very little evidence
of analytical and
evaluative skills
Problem
solving
Ability to solve
very challenging
problems
Ability to solve
non-routine
problems
Ability to use and
apply fundamental
concepts and skills
Adequate
problem-solving
skills
Very little evidence
of problem-solving
skills
Expression
and
presentation
appropriate
to the
discipline
Highly
developed skills
in expression
and
presentation.
Well developed
skills in
expression and
presentation.
Good skills in
expression and
presentation.
Accurate and
consistent
acknowledgement
of sources.
Adequate skills
in expression
and presentation
Inadequate skills
in expression and
presentation.
Inaccurate and
inconsistent
acknowledgement
of sources.
Source: University of Adelaide 2005
ETX1100 Business statistics - Semester 2, 2010
12
Appendix
Please visit the following URL: http://www.buseco.monash.edu.au/unit-guide/appendix.html for further
information about:
Continuous improvement•   
Assessment policy•   
Grading Scale policy•   
Special consideration•   
Plagiarism, cheating and collusion•   
Plagiarism register•   
Non-discriminatory language•   
Students with disabilities•   
Using the University’s computer and IT facilities•   
Faculty policies•   
Related links•   
ETX1100 Business statistics - Semester 2, 2010
13