BUS1102 Statistics for Business
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Bachelor of Business Administration (Hons) Program
Statistics for Business
Course: BUS1102
Hours/Term: 42
Term: 1st term 2025-2026
Credits: 3
Prerequisites
None.
Course Description
This course introduces the basic and relevant statistical concepts and techniques to students. Thereby, it enables students to apply these concepts and techniques to practical problems across different business functional areas. The emphasis is on practical applications and real-world problem-solving. Areas covered include descriptive statistics, probability, inferential statistics, regression and correlation, and the use of a statistical software package.
Course Objectives
The objectives ofthis course are to give students an understanding of the role of statistics in business and commerce. It will become clear how pervasive statistics has become and how essential the basic concepts are to modern business practice. Students will learn the basics of data analysis and the fundamental notion of statistical inference. The statistical concepts developed in this course will provide the knowledge necessary for students to apply the basic techniques in a wide variety of circumstances and, perhaps more importantly, will enable students to assess the legitimacy and significance of many and varied reports that students will come across during their careers. Students are taught to use statistical software to perform analysis and to interpret the results.
Learning Outcomes
On completion of this course, students will be able to:
1. recognise the role of statistics in business and commerce,
2. discuss the basic concepts are to modern business practice,
3. apply the basic techniques in a wide variety of circumstances in business applications,
4. assess the legitimacy and significance of statistical reports.
Measurement of Learning Outcomes
1. Questions that require conceptual understanding, database analysis, and case study are covered in the assignments.
2. Questions require conceptual understanding, and applications are assessed in both the mid-term test and the examination.
Teaching Approach
The instructor of the course decides on the teaching methods used in individual sections. Basic concepts and theories related to real-world problems will be discussed in classes. Laboratory sessions will be used to introduce statistical software packages.
Students are welcome to contact the course coordinator if they have questions concerning administrative matters. For learning difficulties, students should seek advice from their instructors.
Required Textbook and other materials
● Levine, Szabat & Stephan, Business Statistics – A First Course, 8th ed., Pearson, 2020
● Statistical software packages: MS Excel.
● A scientific calculator with SD and LR modes.
Other references:
● Ken Black, Business Statistics for Contemporary Decision Making, 10th ed. Wiley, 2016.
● Beverly Jean. Dretzke, Statistics with Microsoft Excel, 3rd ed. Prentice Hall, 2004.
● Darrell Huff, How to Lie with Statistics, Norton & Company Inc., 1954.
Assessment
|
Continuous assessment |
15% |
|
Mid-term Test |
25% |
|
Final Exam |
60% |
|
Total |
100% |
● Students are assessed throughout the term on their attendance, class participation, assignments, etc.
● Many assignments require students to use statistical software and submit the computer printout to their instructors.
● The tests (mid-term and final exams) will have questions related to the statistical software.
Course Website
Course materials (assignments, data files, presentation slides) and information (such as midterm and final exams) related to the course will be maintained on the website BUS1102 – Statistics for Business. Students can access this website through Moodle. Students are advised to check this website frequently.
Warnings
Classroom disciplines: General rules should be observed. It is unacceptable to use mobile phones or pagers during classes. Students are expected to attend every class. Punctuality is also very important.
Tests and Exams: Information on the test and the examination will be posted on the course website several weeks in advance of the events. Students should attend the test and the examination. No reassessment test or exam will be given to absentees for trivial excuses.
Other regulations in Lingnan University Calendar 2025-2026:
● Adding and Dropping Courses and Changing Courses / Sections.
● Class Attendance and Leave of Absence.
● Code of Student Conduct.
2025-09-12