ETC1000 Business and Economics Statistics
Difficulty:
Year Completed: Semester 2, 2020
Prerequisite: N/A
Exemption:
CS1 Actuarial Statistics
ETC1000 (25%), ETC2420 (25%), ETC2520 (35%), ETC3580 (15%)
CM1 Actuarial Mathematics
ETC1000 (10%), ETC2430 (35%), ETC3530 (55%)
Weighted average of 70% required. Minimum of 60% required
for each unit.
Mean Setu Score: 80.8%
Clarity of Learning Outcomes: 79.8%
Clarity of Assessments: 75.4%
Feedback: 75.2%
Resources: 81.6%
Engagement: 86.6%
Satisfaction: 80.8%
Subject Content:
Lecture(s) and Tutorial(s):
Textbook(s):
Assessments:
Topics covered included categorical data, probability distributions,
descriptive statistics, covariance and correlation, linear
regressions, sampling and confidence intervals, hypothesis
testing, time series modeling and business modeling.
No Lecture – only online videos (about one hour per week)
1 x 2 hour workshop
N/A
Workshop Quizzes 24%
Group Assignments 16%
Final Exam 60%
Comments
The unit was practical. It focused on analysing and presenting
data. Excel was heavily used in this unit. The concepts weren’t
hard.
Reading the course notes would be sufficient. They were
mostly theory based.
Tutors demonstrated some questions at the start of the
workshop. Then students worked in a group to complete quizzes.
The workshops were useful as the tutors would go through the
important concepts and demonstrate how to work in excel.
There were practice exercises for students to work on before the
workshop and step by step instructions were given, so that
students could get familiar with the process.
There were two quizzes in each workshop. Tutors would go over
the first quiz with students. For the second quiz, students worked
in a group of 4-5 so that they could discuss. The processes were
similar to the practice exercises. Therefore, it was easy to obtain
high marks from quizzes.
The group assignments were based on a set of data. Students had
to analysis the data and present their findings through a group
presentation. The skills needed had been taught in workshops.
The above two assessments relied on excel work heavily. There
was no excel in the exam. We needed to explain the concept /
findings or perform calculations. So, it was very important
to go over past exam questions to get familiar with the question
types and the structure of answers.
N/A
General Overview:
Lectures:
Tutorials:
Assessments/Other Assessments
Concluding Remarks