COMM121 INTI S1 2019 Revised PDF

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School of Accounting, Economics and Finance COMM121: Statistics for Business Subject Outline Subject Information Session 1, 2019 Offshore campus, INTI INTERNATIONAL COLLEGE SUBANG Lecture Information: To be updated Pre-requisites: Nil Co-requisites: Nil Restrictions: None Contact Hours: 3 hrs Lecture + 1 hr Tutorial/Computer Lab Online Subject Material: Please refer to COMM121 e-Learning space (MyMathLab Global)

Teaching Staff Teaching Role

Coordinator and Lecturer

Name

Goh Lim Thye, PhD

Telephone (Office)

03-56232800 Ext 3106

Email

[email protected]

Room

Room No. 10, Ground Floor, Centre of UOW programs (Block E)

Consultation Times

To be confirmed later

COMM121 Statistics for Business

Session 1, 2019

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Email Etiquette: Consultation with your subject coordinator and/or teachers via email Your teachers receive many emails each day. In order to enable them to respond to your emails appropriately and in a timely fashion, students are asked to observe basic requirements of professional communication: Consider what the communication is about   

Is your question addressed elsewhere (e.g. in this subject outline or, where applicable, on the subject's eLearning site)? Is it something that is better discussed in person or by telephone? This may be the case if your query requires a lengthy response or a dialogue in order to address. If so, see consultation times above and/or schedule an appointment. Are you addressing your request to the most appropriate person?

Specific email title/ header to enable easy identification of subject related/ student emails 

Identify the subject code of the subject you are enquiring about (as your teacher may be involved in more than one subject) in the email header. Add a brief, specific header after the subject code where appropriate

Professional courtesy     

Address your teacher appropriately by name (and formal title if you do not yet know them). Use full words (avoid 'text-speak' abbreviations), correct grammar and correct spelling. Be respectful and courteous. Academics will normally respond within 1-2 business days. If the matter is urgent, you may wish to telephone the teaching staff whose contact details are given in this subject outline or contacting the School. Please ensure that you include your full name and identify your seminar or tutorial group in your email so that your teachers know who they are communicating with and can follow-up personally where appropriate.

A guide to eLearning 'Netiquette' is available at https://www.uow.edu.au/student/elearning/netiquette/index.html. The basic principles of Netiquette also apply to email communication.

Copyright Commonwealth of Australia Copyright Regulations 1969 © 2017 University of Wollongong The original material prepared for this guide is covered by copyright. Apart from fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission.

COMM121 Statistics for Business

Session 1, 2019

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Table of Contents Section A: General Information .......................................................................................................................... 4 Learning Outcomes ............................................................................................................................................ 4 Course Learning Outcomes ........................................................................................................................... 4 Student Learning Outcomes .......................................................................................................................... 4 Subject Description ....................................................................................................................................... 4 Readings, References and Materials .................................................................................................................. 4 Major Text(s) ................................................................................................................................................ 4 Recommended Background and Further Reading ......................................................................................... 4 Lectures, Tutorials and Attendance Requirements ............................................................................................ 5 Lecture Times * ............................................................................................................................................ 5 Lecture Program * ......................................................................................................................................... 5 Additional Lecture Comments .....................................................................Error! Bookmark not defined. Tutorial/Seminar/Workshop Times ............................................................................................................... 6 Tutorial/Seminar/Workshop Program ........................................................................................................... 6 Additional Tutorial/Seminar/Workshop Comments ..................................................................................... 6 Attendance Requirements .................................................................................................................................. 7 Updates to Subject ............................................................................................................................................. 7 Peer Assisted Study Sessions (PASS) Program ................................................ Error! Bookmark not defined. Extraordinary Changes to the Subject Outline ................................................................................................... 7 Section B: Assessment .......................................................................................................................................... 7 Assessment Summary ........................................................................................................................................ 8 Additional Assessment Information ................................................................................................................. 10 UOW Grade Descriptors ............................................................................................................................. 10 Assessment Learning Outcome Matrix ............................................................................................................ 10 Minimum Performance Requirements ............................................................................................................. 11 Types of Assessment and Collaboration .......................................................................................................... 11 Submission, Retention and Collection of Written Assessment ........................................................................ 12 Submitting Assessment Tasks ..................................................................................................................... 12 Extensions ................................................................................................................................................... 12 Faxing, Posting and Emailing Assessment Work ....................................................................................... 12 Late Submission of Assessment Tasks........................................................................................................ 12 Collection .................................................................................................................................................... 12 Data Retention and Use ............................................................................................................................... 13 Scaling ............................................................................................................................................................. 13 Supplementary Assessment ............................................................................................................................. 13 Student Complaints Policy ............................................................................................................................... 13 Assessment Quality Cycle ............................................................................................................................... 13 Assurance of Learning (What will students learn in their degree?) ................................................................. 13 Academic Integrity and Plagiarism .................................................................................................................. 14 Plagiarism Prevention ................................................................................................................................. 14 Referencing ...................................................................................................................................................... 14 Why do you need to reference? ................................................................................................................... 14 The Harvard System of Referencing ........................................................................................................... 14 Citation of Internet Sources ........................................................................................................................ 15 Section C: General Advice for Students ........................................................................................................... 15

COMM121 Statistics for Business

Session 1, 2019

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Section A: General Information Learning Outcomes Course Learning Outcomes Course Learning Outcomes can be found in the Course Handbook https://www.uow.edu.au/handbook/yr2017/index.html. Student Learning Outcomes On successful completion of this subject, students will be able to: 1. 2. 3. 4. 5. 6.

Explain and demonstrate the basic concepts of probability and statistics. Demonstrate in substantial depth the statistical techniques that are commonly used in the business world. Apply statistical techniques to improve analysis and planning of the business decision-making process. Interpret and explain solutions in non-technical way for a range of situations including business and commerce. Use and interpret appropriate output from statistical computer packages, particularly Excel. Evaluate the role played by statistics in empirical research and business practices in the workplace.

Subject Description The aim of the subject is to introduce students to quantitative techniques and their application to the business world with an emphasis on the decision-making process. The main focus of the subject is business statistics and topics will include descriptive statistics, probability, sampling, confidence intervals, hypothesis testing, elementary correlation, regression analysis and time series forecasting. Students are also introduced to the use of computer programs for estimation and analysis to improve business decision-making. Readings, References and Materials Major Text(s) Basic Business Statistics (12e) by Berenson et al. with MyMathLabGlobal online study plan published by Pearson (Global/International Edition) Berenson, K, Levine, D, Szabat, K, O'Brien, M, Watson, J & Jayne, N 2015, Basic Business Statistics, 4th edn, Pearson Australia. ISBN: 9781486018956 Recommended Background and Further Reading Black, K, Asafu-Adjaye, J, Burke, P, Khan, N, King, G, Perera, N, Papadimos, A, Sherwood, C, Wasimi, S, and Verma, R 2015, Australasian Business Statistics, 4th edn, John Wiley and Sons Australia.

Students may also visit the institution’s library (http://library.inti.edu.my/library/custom/home.jsp) for more choices of references.

COMM121 Statistics for Business

Session 1, 2019

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Lectures, Tutorials and Attendance Requirements Lecture Times * Lectures will be held on: Day

Start Time

End Time

Room

TBA Lecture Program * Topics Covered

1

Readings

Introduction to Business Statistics Introduction and data collection Presenting data in tables and charts Numerical descriptive measures

Chapters 1-3

Chapter 4 Chapter 5

2

Basic probability Discrete random variable probability

3

Continuous random variable probability and the normal distribution

Chapter 6

4

Sampling and sampling distributions Confidence interval estimation

Chapter 7 Chapter 8

5

Fundamentals of hypothesis testing: one sample tests

Chapter 9

6

Mid-session test

Chapter 1-8

7

Hypothesis Testing: two sample tests

Chapter 10

8

Analysis of variance

Chapter 11

9

Simple linear regression

Chapter 12

10

Introduction to multiple regression

Chapter 13

11

Time-series forecasting

Chapter 14

12

Review Lecture (Comments and Feedback) Revision Final Examination (Chapter 9-Chapter 14)

* The above times and program may be subject to change. Students will be notified of any change via SOLS.

COMM121 Statistics for Business

Session 1, 2019

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Tutorial/Seminar/Workshop All the updates about the tutorial sessions will be available within UOW moodle website. Students may need to refer to the subject code (COMM121) for the updates. Tutorial/Seminar/Workshop Program Topics Covered

Activities

1

No Tutorial

2

Emergency Evacuation Procedures Introduction and data collection Presenting data in tables and charts Numerical descriptive measures

Tutorial No. 1

3

Basic probability Discrete random variable probability

Tutorial No. 2

4

Computer Lab 1

Lab 1 exercises - Quiz 1

5

Continuous random variable probability and the normal distribution

Tutorial No. 3

6

Sampling and sampling distributions Confidence interval estimation

Tutorial No. 4

7

Revision for the mid-session test

8

Fundamentals of hypothesis testing: one population tests

Tutorial No. 5

9

Hypothesis testing: two population test

Tutorial No. 6

10

Computer Lab 2

Lab 2 exercises - Quiz 2

11

Analysis of variance Simple linear regression

Tutorial No. 7

12

Computer Lab 3 - Excel Exam

Lab 3, Excel Test

13

Multiple regression Time-series forecasting

Tutorial No, 8 -Quiz 3

Revision Final Examination The above program may be subject to change. Additional Tutorial/Seminar/Workshop Comments Important notes: - Students are expected to attend tutorials prepared and to contribute to the discussion. Please bring your attempts at solving tutorial questions to your tutorial. - Tutorials of Weeks 4, 10, and 12 will be held in computer lab. Students will be notified of the exact location of computer lab before week 4.

COMM121 Statistics for Business

Session 1, 2019

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Attendance Requirements The faculty expects all students to attend lectures and tutorials as we strongly believe that students who attend lectures and tutorials usually learn more and perform better in assignments and examinations. Updates to Subject The School is committed to continual improvement in teaching and learning. In assessing teaching and learning practices in a subject, the School takes into consideration student feedback from many sources. These sources include direct student feedback to tutors and lecturers, feedback through Student Services and Business Central, and responses to the Subject and Course Evaluation Surveys. These important student responses, along with University policies and Faculty practices inform ongoing changes to subjects and courses. This information is also used to inform systemic comprehensive reviews of subjects and courses. While every effort is made to keep the subject database current, students may find that occasionally, the assessment information in the subject outline differs from the information on the subject database. In such instances, the Subject Coordinator will make appropriate announcements in the first class of the session. Extraordinary Changes to the Subject Outline In extraordinary circumstances the provisions stipulated in this Subject Outline may require amendment after the Subject Outline has been distributed. All students enrolled in the subject must be notified and have the opportunity to provide feedback in relation to the proposed amendment, prior to the amendment being finalised. Section B: Assessment

COMM121 Statistics for Business

Session 1, 2019

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Section B: Assessment Assessment Summary Assessment Item

Form of Assessment

%

Assessment 1

In session quizzes

15%

Assessment 2

In session tests

20%

Assessment 3

In session tests

15%

Assessment 4

Final exam

50% TOTAL MARKS

100%

Assessment 1: In session Quizzes Accurate identification of statistical concepts, use and interpretation of Marking Criteria statistical techniques Length

10 minutes each

Weighting

15%

Assessment Due

To be announced

Type of Collaboration

Individual assessment

Style and format

Short-answer Quizzes.

Assessment submission

The quizzes will be taken during the tutorials. Students must submit it at the end of assigned session.

Assessment return

2 weeks after the submission

Detailed information

There will be three in-class quizzes. The quizzes worth 5% each. Quiz 1 and Quiz 2 will be done during your lab sessions in Weeks 4 and 10. Quiz 3 will be done during your tutorial in Week 13. More information will be provided during the session time.

COMM121 Statistics for Business

Session 1, 2019

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Assessment 2: In session test - Mid Session test Correct identification of statistical concepts, use and interpretation of Marking Criteria statistical techniques Length

90 minutes.

Weighting

20%

Assessment Due

To be announced

Type of Collaboration

Individual assessment

Style and format

- Multiple Choice and Short Answer Questions. - To be done in Week 7. - The exam will cover Chapters 1-8. - The mid-session exam will be held during the normal lecture time slot in the usual lecture venue. - More information on this exam will be provided during the session time.

Assessment submission

To be announced

Assessment r...