Quantitative Methods 1

This subject develops skills in descriptive and inferential statistical analysis that underpin data-informed decision-making in the various specializations within the faculty. It provides a foundation for all second-year quantitative subjects in the commerce degree. The topics covered include describing data visually and numerically; probability and probability distributions for discrete and continuous random variables; sampling distributions and estimation; hypothesis testing for one and two samples, and simple regression. Practical examples are drawn from economics, management, marketing, accounting, and finance. Students will gain experience in the use of Excel to visualise and communicate key features of data, and in the use of data to inform decisions made in business and economics.