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Handbook 1997 : Faculty of Education : Information Management

480-319 Information Management C6: Management Statistics

Credit Points:

11.1

Coordinator:

Graeme Hart

Prerequisite/s:

Information Management B4 and one other Group 2 subject from Accounting, Economics or Information Management, or approved equivalent.

Timetable:

Semester 2

Contact:

Two 1-hour lectures and a 2-hour computer workshop

Objectives:

On completion of this subject students should be able to:

  • apply statistical/analytical techniques in the study of social, financial, legal and economic issues;

  • be familiar with a number of techniques to assist in critical and objective decision-making; and

  • further develop and apply their computing skills to problem-solving in a business context.

Content:

An overview of statistical techniques available to managers to assist with objective decision-making. This includes the use of exploratory data analysis techniques, introduction to probability and probability distributions, the applications of sampling distributions and estimation techniques, hypothesis testing using normal and student's t-distributions, applications of chi-square and other distribution-free procedures, simple regression and correlation, Monte-Carlo simulation, and an introduction to applications of statistical methods to total quality control. A feature is the high use of spreadsheet (MS Excel) and statistical software (Minitab) in the solution of practical business problems along with the completion of a research project and the provision of workshop material as World Wide Web documents.

Assessment:

A 3-hour written final examination (60%); a major research project equivalent to approximately 3000 words (30%); and a 1-hour class test (10%). Students must perform satisfactorily in each area of assessment and submit all assignment work.

Prescribed Texts:

  • Levin R and Rubin D, Statistics for Management, (6th ed) Prentice Hall New Jersey 1994.
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Handbook 1997 : Faculty of Education : Information Management 
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.