Outline

Overview

This unit highlights the importance of statistical methods and tools for today's managers and analysts and demonstrates how to apply these methods to business problems using real-world data. The quantitative skills that students learn in this unit are useful in all areas of business. Through taking this unit students learn how to model and analyse the relationships within business data; how to identify the appropriate statistical technique in different business environments; how to compute statistics by hand and using special purpose software; how to interpret results in the context of the business problem; and how to forecast using business data. The unit is taught through data-driven examples, exercises and business case studies.

Unit details and rules

Academic unit	Business Analytics
Credit points	6
Prerequisites ?	None
Corequisites ?	None
Prohibitions ?	ECMT5001 or QBUS5002
Assumed knowledge ?	Students should be capable of reading data in tabulated form and working with Microsoft EXCEL and doing High School level of mathematics
Available to study abroad and exchange students	Yes

Teaching staff

Coordinator	Boris Choy, boris.choy@sydney.edu.au
Lecturer(s)	Tony Shang, ce.shang@sydney.edu.au
Lecturer(s)	Boris Choy, boris.choy@sydney.edu.au
Tutor(s)	Yves Tam, yves.tam@sydney.edu.au

Assessment

The census date for this unit availability is 2 April 2024

Details
Criteria

Type	Description	Weight	Due	Length
Supervised exam ?	Final exam Closed book and pen-and-paper exam.	50%	Formal exam period	2 hours
Outcomes assessed:
Small continuous assessment	Bi-weekly Quizzes See descriptions on Canvas	10%	Multiple weeks	30 minutes
Outcomes assessed:
Supervised test ?	Mid-semester exam Closed book and pen-and-paper exam.	25%	Week 07 Due date: 14 Apr 2024 at 12:10	80 minutes
Outcomes assessed:
Assignment	Group Assignment See descriptions on Canvas	15%	Week 11 Due date: 11 May 2024 at 23:59 Closing date: 17 May 2024	n/a
Outcomes assessed:
= hurdle task ? = group assignment ?

Assessment summary

Bi-weekly quizzes: This assessment task consists of 5 online quizzes, with each quiz contirbuting 2% to the final mark. The quizzes will be accessible on Canvas from 8:00am to 11:00pm on Fridays during Weeks 3, 5, 9, 11 and 13. Students will have 30 minutes to complete each quiz. They are permitted two atempted, and the highest score will be recorded. Microsoft Excel may be required for data analysis. Replacement quizzes will not be provided. Any changes will be announced on Canvas.

Group assignment: This assessment task is to be completed by a group of 3-4 students and a detailed repoer will be submitted in Week 11.

Mid-semester exam: This is a closed book, pen-and-paper test scheduled for Week 8. It must be completed within 80 minutes. This test covers topics taught in Chapter 1 to Chapter 6. A formulae sheet will be provided with the test.

Final exam: This is a closed book exam scheduled during the final exam period. It must be completed in 120 mintes. This exam covers all topics taught in the unit. A formulae sheet will be provided with the exam.

The final exam is listed as a hurdle task which means that students must understand the assessment and achieve a scove above a minimum standard. Students who fail to meet this minimum standard in the final exam, even id their overall aggregate mark for the entire unit is above 50%, will receive a Fail grade for the unit. Consequently, the student's academic transcript will display a Fail grade and the exact mark attained if it falls within the 0-49 range. For all opther marks, the transcript will show a Fail grade along with a capped moderated mark of 49. The hurdle mark for this assessment is 40.

Details for each assessment task are available on Canvas.

All quizzes adn exams are individual assessments. Students are strongly encouraged to engage in collaborative learning within small study groups to enhance their learning outcomes.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name	Mark range	Description
High distinction	85 - 100	Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Distinction	75 - 84	Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Credit	65 - 74	Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Pass	50 - 64	Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Fail	0 - 49	When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

Deduction of 5% of the maximum mark for each calendar day after the due date.
After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

Any assessment submitted after the due time and date (or extended due time and date) will incur a late penalty of 5% of the total marks per 24 hour period, or part thereof, late (note that this is applied to the mark gained after the submitted work is marked).

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

Use of generative artificial intelligence (AI) and automated writing tools

You may only use generative AI and automated writing tools in assessment tasks if you are permitted to by your unit coordinator. If you do use these tools, you must acknowledge this in your work, either in a footnote or an acknowledgement section. The assessment instructions or unit outline will give guidance of the types of tools that are permitted and how the tools should be used.

Your final submitted work must be your own, original work. You must acknowledge any use of generative AI tools that have been used in the assessment, and any material that forms part of your submission must be appropriately referenced. For guidance on how to acknowledge the use of AI, please refer to the AI in Education Canvas site.

The unapproved use of these tools or unacknowledged use will be considered a breach of the Academic Integrity Policy and penalties may apply.

Studiosity is permitted unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission as detailed on the Learning Hub’s Canvas page.

Outside assessment tasks, generative AI tools may be used to support your learning. The AI in Education Canvas site contains a number of productive ways that students are using AI to improve their learning.

Learning support

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Support for students

The Support for Students Policy 2023 reflects the University’s commitment to supporting students in their academic journey and making the University safe for students. It is important that you read and understand this policy so that you are familiar with the range of support services available to you and understand how to engage with them.

The University uses email as its primary source of communication with students who need support under the Support for Students Policy 2023. Make sure you check your University email regularly and respond to any communications received from the University.

Learning resources and detailed information about weekly assessment and learning activities can be accessed via Canvas. It is essential that you visit your unit of study Canvas site to ensure you are up to date with all of your tasks.

If you are having difficulties completing your studies, or are feeling unsure about your progress, we are here to help. You can access the support services offered by the University at any time:

Support and Services (including health and wellbeing services, financial support and learning support)
Course planning and administration
Meet with an Academic Adviser

Weekly schedule

WK	Topic	Learning activity
Week 01	Data and Statistics	Lecture (2 hr)
Week 02	Data and Statistics	Workshop (2 hr)
Week 02	Probability and Random Variables	Lecture (2 hr)
Week 03	Probability and Random Variables	Workshop (2 hr)
Week 03	Discrete and Continuous Probability Distributions	Lecture (2 hr)
Week 04	Discrete and Continuous Probability Distributions	Workshop (2 hr)
Week 04	Sampling Distributions	Lecture (2 hr)
Week 05	Sampling Distributions	Workshop (2 hr)
Week 05	Statistical Inference I	Lecture (2 hr)
Week 06	Statistical Inference I	Workshop (2 hr)
Week 06	Statistical Inference II	Lecture (2 hr)
Week 07	Practice for Mid-semester Exam	Workshop (2 hr)
Week 07	Revison for Mid-semester Exam	Lecture (2 hr)
Week 08	Statistical Inference II	Workshop (2 hr)
Week 08	Statistical Inference III	Lecture (2 hr)
Week 09	Statistical Inference III	Workshop (2 hr)
Week 09	Statistical Inference IV and Correlation Analysis	Lecture (2 hr)
Week 10	Statistical Inference IV and Correlation Analysis	Workshop (2 hr)
Week 10	Linear Regression Analysis I	Lecture (2 hr)
Week 11	Linear Regression Analysis I	Workshop (2 hr)
Week 11	Linear Regression Analysis II	Lecture (2 hr)
Week 12	Linear Regression Analysis II	Workshop (2 hr)
Week 12	Linear Regression Analysis III	Lecture (2 hr)
Week 13	Linear Regression Analysis III	Workshop (2 hr)
Week 13	Revision for Final Exam	Lecture (2 hr)

Attendance and class requirements

There are three parts to the unit:

Self-paced study modules on Canvas website
Zoom Q&A (see Canvas announcement)
Tutorials (see your schedule)

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Selvanathan, E. A., Selvanathan, S and Keller, G. (2021) Business Statistics, Australia and New Zealand 8th Edition. Cengage Learning, Australia

Learning outcomes

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

Outcomes
Graduate qualities

At the completion of this unit, you should be able to:

LO1. build a strong quantitative skill set for business decision making; create statistical models for studying relationship amongst business variables; demonstrate proficiency in the use of statistical software for quantitative modelling
LO2. evaluate underlying theories, concepts, assumptions and arguments in business related fields
LO3. identify problems within real-world constraints and collect data for decision making; manage, analyse, evaluate and use information efficiently and effectively; demonstrate coherent arguments when recommending solutions
LO4. communicate confidently and coherently to a professional standard both orally and in writing
LO5. defend data integrity; analyse data and report results professionally and ethically.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1	Depth of disciplinary expertise Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.
GQ2	Critical thinking and problem solving Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.
GQ3	Oral and written communication Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.
GQ4	Information and digital literacy Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.
GQ5	Inventiveness Generating novel ideas and solutions.
GQ6	Cultural competence Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.
GQ7	Interdisciplinary effectiveness Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.
GQ8	Integrated professional, ethical, and personal identity An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.
GQ9	Influence Engaging others in a process, idea or vision.

Outcome map

Learning outcomes	Graduate qualities
Learning outcomes

Responding to student feedback

This section outlines changes made to this unit following staff and student reviews.

1. Increased the weight of the final exam from 45% to 50%. 2. Increased the weight of the final exam from 20% to 25% 3. Reduced the weight of the group assignment from 25% to 15%. 4. Replaced weekly small continuous assessments (10%) by 5 bi-weekly quizzes (10%). 5. Reordered the delivery sequence of topics. 6. Updated assessment due dates.

Additional information

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.

Current students

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Support for students

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Additional information

Additional information

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect

Current students

QBUS5001: Foundation in Data Analytics for Business

Semester 1, 2024 [Normal day] - Camperdown/Darlington, Sydney

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Support for students

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Additional information

Additional information

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect