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ETX1100
Business statistics
Unit Guide
Semester 1, 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: 17 Feb 2010
Table of Contents
ETX1100 Business statistics - Semester 1, 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
Unit Resources............................................................................................................................................7
Prescribed text(s) and readings.......................................................................................................7
Recommended text(s) and readings................................................................................................7
Blackboard (MUSO).........................................................................................................................7
Q Manual.........................................................................................................................................8
Calculators.......................................................................................................................................8
Required software and/or hardware................................................................................................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................................................................................................10
Assessment tasks..........................................................................................................................10
Assessment task 1.........................................................................................................................10
Assessment task 2.........................................................................................................................10
Assessment task 3.........................................................................................................................11
Examination...................................................................................................................................11
Special consideration.....................................................................................................................11
Assessment criteria - grading descriptors table.............................................................................12
Appendix....................................................................................................................................................13
ETX1100 Business statistics - Semester 1, 2010
Chief Examiner:
Dr Tissa Galagedera
Lecturer(s) / Leader(s):
Caulfield
Professor Rob Brooks
Dr Tissa Galagedera
Senior Lecturer
Phone: +61 3 990 31578
Email: Tissa.Galagedera@buseco.monash.edu.au
Location: Room 65, Building H5, Caulfield
Tutor(s):
Caulfield
Please see the ETX1100 MUSO website for tutors' contact information
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 1, 2010
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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 1, 2010
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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. Students should attend the consultation hours of their own tutor or they can attend the
consultation hours of one of the other tutors on the list.
It is an important part of learning this subject that you should attempt ALL Tutorial questions. To do well
in this subject it is not enough to be able to remember definitions; what is important is to be able to apply
the concepts that are presented in lectures. The emphasis in this unit is on understanding and
interpretation, not just on performing routine calcuations.
Timetable information
For information on your timetable, including tutorial allocation if required, please refer to:
http://allocate.cc.monash.edu.au/
Unit Schedule
Week Topic References/Readings Tutorials Key dates
1 Descriptive Statistics Ch 2.1, Ch 7.1(p281
only), Ch 9.0-9.1, Ch
2.2-2.3, 2.5
Venue: Computer Lab,
Topic/Activity:
Computing Exercises
Week 1
2 Descriptive Statistics
(ctd)
Ch 4.0-4.1, 4.2 (not
Chebyshevs theorem.),
Ch 4.3(not box plots), Ch
4.5.
Venue: Computer Lab,
Topic/Activity:
Computing Exercises
Week 2
3 Descriptive Statistics
(ctd) and Basic
Probability
Ch 4.6 Ch 5.0-5.2 Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 3
4 Basic Probability and
Probability
Distributions
Ch 5.3-5.4, 5.6 Ch
7.0-7.3 (not Laws of
expected value and
variance)
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 4
5 Discrete Probability
Distributions &
Probability
Distributions of
Continuous Variables
Ch 7.6 Ch 8.0-8.2(up to
& including Example
8.3), Applets #4 p350, #5
p354
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 5
Assignment 1 due
Mid semester break
6 Probability
Distributions of
Continuous Variables
Ch 8.2(p358-62. Not
Normal Approximation to
Binomial Distribution)
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 6
ETX1100 Business statistics - Semester 1, 2010
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7 Sampling and
Sampling Distributions
Ch 6.0-6.5; Applet #3
p275 Ch 9.0-9.3; Ch
10.0-10.1, 10.3, Applets
#7-10 p397-9
Venue: Tutorial Room;
Activity: Test
Test
8 Estimation of the
Population Mean
Ch 11.0-11.1(disregard
unbiased estimator,
consistency & relative
efficiency), 11.2 Applet
11 p431; 11.3, Applet 12
p444.
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 8
9 Hypothesis Testing for
the Population Mean
Ch 12.0-12.2, 12.4 [We
do not cover p-value in
Ch12.3.]
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 9
10 Simple Linear
Regression and
Correlation
Ch 14.0-14.2, Ch 14.4
(not standard error of
estimate, not interval
estimates); Ch 14.5 (p
639 only); Ch 14.6
(p646-7)
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 10
11 Time Series Analysis Ch 16.0-16.3, 16.5
(alternative method),
16.6, 16.8 (up to &
including the Dwelling
Starts solution)
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 11
12 Time Series Analysis
(ctd)
Ch 16.0-16.3, 16.5
(alternative method),
16.6, 16.8 (up to &
including the Dwelling
Starts solution)
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 12
Assignment 2 due
13 Revision Attempt Revision
Exercises
Venue: Tutorial Room;
Topic/Activity: Tutorial
Exercises Week 13
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.cc.monash.edu.au/.
Tutorials start in Week 1 
Tutorials in Week 1 and Week 2 are held in Computer labs.
Tutorials in Week 3 to Week 13 are held in tutorial rooms.
Computer lab is labelled as P2 in your timetable. For example: Tutorial/26-P2 Room: CA_K/K101. This
means that your computer lab is in Room 101, Building K.
ETX1100 Business statistics - Semester 1, 2010
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Tutorial room is labelled as P1 in your timetable. For example: Tutorial/26-P1 Room: CA_B/B476. This
means that your tutorial room is in Room 476, Building B.
ETX1100 Business statistics - Semester 1, 2010
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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 subjec. This text is available for purchase at 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.
Berenson, M. [et al.] 2nd Edition 2010, Basic Business Statistics: Concepts and Applications, Pearson
Education Australia, Frenchs Forest, NSW
Black, K. [et al.] 2nd Edition 2010, Australasian Business Statistics, John Wiley & Sons Australia, Milton,
QLD
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 1, 2010
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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 class test and final examination (including programmable
calculators and graphics calculators).
The requirement is that the calculators should have a facility to take square roots (for example  ), to
calculate factorial (for example 12 ) and to calculate a number raised to any power (for example ). 
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 assignment questions. The various Excel statistical functions and
commands that are needed will be introduced in lectures and tutorials as required.
ETX1100 Business statistics - Semester 1, 2010
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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. To pass this unit, you
must achieve at least 40% in the final exam and an overall mark of at least 50%.  However, where you
achieve between 35% and 39% in the final exam, your maximum final mark will be 48%; where you
achieve less than 35% in the final exam, your maximum final mark will be 43%.
Your final grade will be:
P        if you score at least 50% overall, and at least 40% on the exam.•   
C        if you score at least 60% overall, and at least 50% on the exam.•   
D        if you score at least 70% overall, and at least 60% on the exam.•   
HD      if you score at least 80% overall, and at least 70% on the exam.•   
 Note:    If your final mark is from 45% to 49% then the Board of Examiners may award a Near Pass.
For more information on this policy see URL:
http://www.buseco.monash.edu.au/asg/agu/policies/near-pass-fb-0507.html.
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
ETX1100 Business statistics - Semester 1, 2010
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Additional assessment information
Students who are repeating ETX1100 must submit all assignments and sit the class test. They
CANNOT use their assessment marks from a previous semester.
Assessment tasks
Assessment task 1
Title:
Assignment 1
Learning objectives assessed:
Objective 1
Weighting:
15%
Criteria for assessment:
Individual Assignment
Task details:
Due date:
Week 5
Submission details:
Assignments should be submitted to your tutor in your tutorial, or to your tutor's mailbox at
Level 5, Building H, Caulfield Campus.
DO NOT submit your assignment electronically or by email.
Return of marks:
Tutors will endeavour to return assignments in class in the week following the submission.
Penalties for late lodgement:
A maximum penalty of 3% of the total mark allocated to these assessments 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
•   
Assessment task 2
Title:
Test
Learning objectives assessed:
Objectives 1 and 2.
Weighting:
20%
Task details:
Written Examination (45 minutes).
Due date:
Conducted in the tutorial class in Week 7
Return of marks:
The tutor will endeavour to return the marked test in the tutorial class in Week 9.
Additional information:
The test is CLOSED BOOK. You may use a calculator in the test.
•   
ETX1100 Business statistics - Semester 1, 2010
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Assessment task 3
Title:
Assignment 2
Learning objectives assessed:
Objectives 3 and 4.
Weighting:
15%
Criteria for assessment:
Individual Assessment
Task details:
Due date:
Week 12
Submission details:
Assignments should be submitted to your tutor in your tutorial, or to your tutor's mailbox at
Level 5, Building H, Caulfield Campus.
DO NOT submit your assignment electronically or by email.
Return of marks:
It is unlikely that the tutor will be able to give the marked Assignment 2 in Week 13 tutorial
class. Your mark for the Assignment 2 will be published against your ID in the Unit's
MUSO site. Your consent to this is taken to have been given when you have been
informed that results will be published in this way in this document. You may object by
using the procedure on the Assignmnet Cover Sheet.
•   
Examination
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 the elctures and tutorials,
assigned required reading and textbook exercises. Excel statistical functions and
commands are not examinable, but interpreting tables and graphs produced by Excel is
examinalbe; that is you are required to know how to interpret Excel's tables and graphs in
exam.
Remarks:
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 1, 2010
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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 1, 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 1, 2010
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