FS0102 - Statistics

This subject promotes students' awareness of the importance of statistics in everyday life and to build up confidence in making effective use of introductory-level research, data analysis, and presentation skills. The aim is to provide students with the knowledge and skills to make effective use of methods of describing quantitative data through the use of graphical and numerical methods, interpretation of results and making decisions in both business and everyday life.

Learning Outcomes

• explain basic statistical terms and concepts;
• display and explore data;
• describe data using frequency tables, frequency distributions and graphical presentations;
• analyse given real-world scenarios and compute associated probabilities;
• compute the mean and variance of a discrete probability distribution;
• compute the probabilities, mean and variance of a binomial probability distribution;
• compute required probabilities in a continuous probability distribution;
• apply the central limit theorem in various real-world scenarios;
• describe the various teypes of sampling methods to collect data in appropriate scenarios;
• analyse the correlation of variables from a given set of data by using simple linear regression.

Subject Assessment

• Written > Examination (centrally administered) - (50%) - Individual
• Written > Test/Quiz 1 - (20%) - Individual
• Written > Test/Quiz 2 - (30%) - Individual.

Special Assessment Requirements

Nil

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.