IB94X-15 Business Statistics
Introductory description
This module will introduce students to the R data analysis package and to a range of statistical analysis tools. Students will get hands on experience with analysing real datasets in R, with extensive support and guidance from teaching staff. They will learn how to identify the correct statistical tools to use to answer different business related questions, and how to interpret the results.
Module aims
The module is designed to provide a foundation in the analysis and presentation of quantitative data and covers the basic elements of statistics that are essential for business analysis. It is also designed to introduce students to the R statistical programming language. Much of the material is required knowledge for other core and optional modules.
Outline syllabus
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
Introduction to R
Visualising Data in R
The General Linear Model: t-tests
Estimation: Confidence Intervals
Correlation and Simple Linear Regression
The General Linear Model: Regression
The General Linear Model: ANOVA
The General Linear Model: Repeated Measures
The Generalised Linear Model: Logistic Regression
Learning outcomes
By the end of the module, students should be able to:
- Demonstrate comprehensive understanding of null hypothesis significance testing and contrast this with the estimation approach
- Plan an analysis of, and think critically about, data
Indicative reading list
Reading lists can be found in Talis
Subject specific skills
Conduct reproducible statistical analysis using the general and generalised linear model
Construct 4* publication quality visualisations of data
Transferable skills
Written communication.
Problem solving.
Study time
| Type | Required |
|---|---|
| Online learning (independent) | 9 sessions of 2 hours (12%) |
| Other activity | 18 hours (12%) |
| Private study | 46 hours (31%) |
| Assessment | 68 hours (45%) |
| Total | 150 hours |
Private study description
Self study to include pre-reading for lectures and preparation for lab sessions
Other activity description
Laboratory Sessions 9 x 2hours
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group A4
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
|||
| End of term assignment (2500 words) | 80% | 54 hours 30 minutes | Yes (extension) |
Reassessment component is the same |
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Assessment component |
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| Mid-term assignment (1500 words) | 20% | 13 hours 30 minutes | Yes (extension) |
Reassessment component is the same |
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Feedback on assessment
A mixture of hand-picked general comments plus a bespoke comment per question.
Post-requisite modules
If you pass this module, you can take:
- IB98D-15 Advanced Data Analysis
Courses
This module is Core for:
- Year 1 of TIBS-NI01 Business Analytics and Artificial Intelligence