| CODE | EMA1100 | ||||||||
| TITLE | Business Statistics 1 | ||||||||
| UM LEVEL | 01 - Year 1 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 5 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Faculty of Economics, Management and Accountancy | ||||||||
| DESCRIPTION | The study-unit introduces the different methods of data collection and analysis, as well as probability, random variables, measures of location and variation, discrete and continuous distributions. Students also cover introduction to sampling theory, confidence intervals and hypothesis testing. Study-Unit Aims: This study-unit introduces students to quantitative techniques and data analysis in a business context. The importance of computers and relevant applications are also covered. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - Define the difference between different measures of location; - Compare the difference between different measures of variation; - Analyse the difference between different plots and charts; - Define the most important fundamentals of probability; - Define the importance of random variables; - Define the difference between discrete and continuous distributions. 2. Skills By the end of the study-unit the student will be able to: - Calculate different measures of location and variation; - Construct various charts and graphs; - Work out a number of core examples related to probability theory; - Calculate the mean and the variance from a probability distribution; - Use various distributions to calculate probability values. Main Text/s and any supplementary readings: Main Texts: - Statistics for Business and Economics. Authors: James T. McClave, P.George Benson, Terry Sincich. Publisher: Pearson Education. - Basic Business Statistics: Concepts and Applications. Authors: Mark L. Berenson, David M.Levine, Timothy C. Krehbiel. Publisher: Pearson Education. Supplementary Readings: - Schaums Outline of Statistics: Fourth Edition (Schaum's Outline Series). Authors: Murray R Spiegel, Larry J. Stephens. Publisher: McGraw-Hill. - A Concise Course in A-Level Statistics: with worked examples. Authors: D J. Crawshaw, Joan Sybil Chambers. Publisher: Nelson Thornes 2013. |
||||||||
| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
| METHOD OF ASSESSMENT |
|
||||||||
| LECTURER/S | Vincent Marmara Silvan Zammit |
||||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
|||||||||