Manukau Institute of Technology

Computing and IT Department

NZIM Certificate in Management
Course Outline
Semester 2, 2005

143.402 Business Statistics (814)

Lecturer:
Room
Phone & Ext.
Email:

Abdul Ali
NQ116
9688000 ext 7449
aali@manukau.ac.nz

NZIM Code: 814

MIT Code: 143.402

Aim:
This course is designed so that students will be able to use and apply the basic terminology
and techniques of business statistics.

Learning Time:
100 hours.

Pre-requisite:
None.

Credits:
10 at level 4.

Course Length:
15 Teaching Weeks, plus study breaks.
Instructor led (covering theory and practical- 15 weeks) = 30 - 45 hours
Self directed learning by student
= 70 - 55 hours
Total
= 100 hours
Course starts week beginning:
Course ends week beginning:
No classes on the following dates:

21 February 2005
20 June 2005
28 March (Easter), 18 & 25 April (Study
Break)& 6 June (Queens Birthday)

Time Commitment:
Classes:

1 class of 2-3 hours (split between lectures and tutorials)

Private Study:

4 hours each week

Regulations
The Manukau Institute of Technology Regulations are available in the Library. They outline
misconduct or breach of rules relating to assignments, tests and examinations. In brief, the
regulations state that any assignment submitted must be the original work of the student.
Also stated is what action will result from dishonest practice during an examination.
The use of the MIT computer network is conditional on compliance with the MIT Computer
User Regulations. Copies of these regulations are also available in the Library and your
Department of Computing and IT Student Handbook.
Further to these regulations. When you are submitting work in an electronic form you must:
Submit only those files that have been requested.
Virus check the files using the virus checker on the network prior to submission.
Any work that is submitted with extra files or files containing viruses may not be
marked at the discretion of the lecturer.

Course Team
Course Moderator:
Lecturer:
email:

Jarafshan Mistry
Abdul Ali
Room NQ116 Ph 9688000 ext 7449
aali@manukau.ac.nz

Resources
Required Texts
None
Recommended reading
None
Student Support
The Learning Centre, on Level 0 of the Library (S Block), provides assistance for any
student who is having difficulty with the study or academic requirements of a course.
The Language Support Centre on Level 4 of the library (S Block) provides assistance for
students who are from non-English speaking backgrounds studying mainstream
programmes.
Refer to Student Guide for more information about these services, or visit either place to get
first hand information
Note: You should approach your lecturer in the first instance if you are having problems
with the course. Your lecturer will make every effort to assist you.

Assessment Policy

You are expected to attend all classes. If you are unable to attend due to illness, then it is
your responsibility to catch up on missed work.
Assessments for this class consist of
Assignment 1
Assignment 2
Assignment 3
Assignment 4
Total

= 30%
= 30%
= 20%
= 20%
= 100%

You must gain a weighted average of at least 50% in these assessments to pass the course.

Marks for assessments will be entered into Jasper. Please check the list regularly to confirm
that your correct marks have been recorded.
No late assignments will be accepted.
Refer to Computing and IT Department Student Handbook for more details of regulations

Formative Assessment
These could be set and marked, and may be used in borderline cases to increase marks.
3

Summative Assessments (contributing to final grade)

Assessment
Schedule

Topics

Date Due end

of week

% of Final
Grade

Assessment 1
Assessment 2

Data Collection
Data Summarizing and Financial
Mathematics

21 March
02 May

30%
30%

Assessment 3
Assessment 4

Data Analysis - Inferential

Data Analysis Bivariate

30 May
13 June

20%
20%

Prescription
Learning Outcomes
This paper has four learning outcomes:
1. Collect business data.
2. Compile and summarise business data.
3. Apply statistical data analyses.
4. Use the results of statistical data analyses.
These outcomes should relate to the production of selected products in a small business. The
products selected can be real or simulated but must be relevant to the students activities and
experience.

Course outline
Outcome 1: Collect business data
Students will be able to:
1.1 Identify possible uses of business statistical data.
Including planning, forecasting, decision making, controlling, reporting.
1.2 Identify data required in selected business situations.
Including types, sources, qualities and minimum amounts of data.
1.3 Identify techniques for collecting data and sample sizes.
1.4 Collect relevant data using a range of survey techniques.
Outcome 2: Compile and summarise business data
Students will be able to:
2.1 Identify required data formats for selected business situations.
2.2 Summarise data into required formats using graphs.
Pie graphs
Histograms
Line graphs
Bar graphs
4

2.3 Summarise data into required formats using numerical measures.

Frequency distribution tables
Outcome 3: Apply statistical data analyses
Students will be able to:
3.1 Identify required outcomes for data analyses in selected business situations.
3.2 Use financial mathematics in statistical data analyses.
Including calculation of percentages, ratios and simple interest, preparation of cash
flows.
3.3 Analyse data using a variety of inferential analysis techniques.
Probability rules
Sampling distributions of a mean and a proportion
Confidence intervals for a single mean and proportion
3.4 Analyse data using a variety of bivariate analysis techniques.
Correlation and linear regression
Time series
Index numbers
Outcome 4: Use the results of statistical data analyses
Students will be able to:
4.1 Apply the results of statistical data analyses to selected business situations.
Including planning, forecasting, decision making, controlling, reporting.
4.2 Evaluate contribution of statistical data analyses towards business performance.
Note: The order in which these will be taught may vary.

Course Schedule (Semester 2, 2005)

Week
No.
1
2
3
4
5
6
7
8

Beginning
21 Feb
28 Feb
07 Mar
14 Mar
21 Mar
28 Mar
04 Apr
11 Apr

9
10
11
12
13

02 May
09 May
16 May
23 May
30 May
06 Jun
13 Jun
20 Jun

14
15

Lecture

Outcomes Assessment

Topic
Introduction
Data Collection
Data Collection
Data Summarising - Plots
Data Summarising - Measures
EASTER MONDAY - HOLIDAY
Financial Maths - %, ratios, Simple Growth
Financial Maths Cash Flows
BREAK
Probability
Sampling Distributions
Confidence Intervals
Sample Size required
Correlation & Regression
QUEENS BIRTHDAY- HOLIDAY
Time Series
Index Numbers

Number
1.1-2,3.1
1.3-4
1.3-4
2.1-2
2.3

Assignment 1 due

3.2
3.2
3.3
3.3
3.3
1.2-3
3.4

Assignment 2 due

3.4
3.4

Assignment 4 due

Assignment 3 due