| 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: - Understand the difference between different measures of location; - Understand the difference between different measures of variation; - Understand the difference between different plots and charts; - Understand the most important fundamentals of probability; - Understand the importance of random variables; - Understand 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. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | ||||||||
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| LECTURER/S | Vincent Marmara Silvan Zammit |
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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 2023/4. It may be subject to change in subsequent years. |
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