MM1F13-Business Statistics

Module Provider: International Business and Strategy
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Autumn and Spring (Double presentation)
Non-modular pre-requisites:
Modules excluded:
Module version for: 2016/7

Module Convenor: Prof James Walker


Summary module description:
Business Statistics forms a 20 credit module of Part 1 of various degree programmes within the Henley Business School. It aims to provide students with a solid knowledge of business statistics and the ability to apply these skills to real problems. The module will raise awareness of how statistics can be applied to business and behavioural issues.

This module is delivered at University of Reading and University of Reading Malaysia.

To introduce students to the basic methods of research and statistical analysis in business.

Assessable learning outcomes:
On completion of this module, the student should be able to:
• Analyse, interpret and extrapolate numeric data
• Apply this understanding to the process of recording, analysing, summarising and presenting statistical data
• Design and execute small scale research projects in the field of business
• Identify, formulate and solve business decision making and management problems using appropriate statistical models.

Additional outcomes:
Workshops and assignments are designed to encourage the development of oral communication, written presentation skills, and student effectiveness in group situations. Structured activities are designed to develop independent learning skills. IT skills are developed by the use of the Blackboard course management system.

Outline content:
Data collection, data sampling, data sources, presenting numerical information, summarising data, measures of central tendency, measures of dispersion, distributions, probability, regression analysis, time series analysis and forecasting, correlation, probability, probability distributions, estimation, and hypothesis testing.

Brief description of teaching and learning methods:
A combination of theory and practice will be used in lectures and practical workshops.

Contact hours:
  Autumn Spring Summer
Lectures 10 8
Tutorials 5 7
Guided independent study 72 98
Total hours by term 87.00 113.00
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Written assignment including essay 50
Class test administered by School 50

Other information on summative assessment:

Formative assessment methods:
Students will be assessed on the basis of their project; testing their ability to formulate, plan and evaluate business research topics, and to perform basic numeric operations, and consequently analyse and interpret data in quantitative models of business and management situations.

Penalties for late submission:
The Module Convenor will apply the following penalties for work submitted late, in accordance with the University policy.

  • where the piece of work is submitted up to one calendar week after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for the piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
  • where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

  • The University policy statement on penalties for late submission can be found at:
    You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

    Length of examination:

    Requirements for a pass:
    A minimum mark of 40%

    Reassessment arrangements:
    By component failed. Re-assessment for Part 1 modules takes place in August / September of the same year.

    Additional Costs (specified where applicable):
    1) Required text books:
    2) Specialist equipment or materials:
    3) Specialist clothing, footwear or headgear:
    4) Printing and binding:
    5) Computers and devices with a particular specification:
    6) Travel, accommodation and subsistence:

    Last updated: 21 December 2016

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