Data Analytics I
UndergraduateUAD-ECO1008OUA2024
Course information for 2024 intake View information for 2025 course intake
Get ready to make confident business decisions backed by data. Dive into statistics concepts and tools, then test your skills on a real-world scenario. When you know how to use statistics, you’re empowered to communicate with clarity and persuasion.
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- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Part of a degree
- Duration
- 13 weeks
- Loan available
- FEE-HELP available
Data Analytics I
About this subject
On successful completion of this course, students will be able to:
- Apply correctly a variety of statistical techniques, both descriptive and inferential.
- Interpret, in plain language, the application and outcomes of statistical techniques.
- Interpret computer output and use it to solve problems.
- Recognise inappropriate use or interpretation of statistics in other courses, in the media and in life in general and comment critically on the appropriateness of this use of statistics.
- Introduction to Statistics & Analytics
- What is Statistics?
- Types of Data, Data Collection and Sampling
- Analysing Data
- Graphical Descriptive Techniques - Nominal Data
- Graphical Descriptive Techniques - Numerical Data
- Measures of Central Locations
- Measures of Variability
- Measures of Relative Standings
- Probability & Chance
- Probability
- Random Variables and Discrete Probability Distributions
- Random Variables and Continuous Probability Distributions
- Estimation & Hypothesis Testing
- Statistical Inference and Sampling Distribution
- Estimation - Single Population
- Hypothesis Testing
- Estimation - Two Populations
- Correlation and Regression
- Covariance and Correlation
- Linear Regression Model
In today's world, good decision-making relies on data and data analysis. This course helps students develop the understanding that they will need to make informed decisions using data and to communicate the results effectively. The course is an introduction to the essential concepts, tools and methods of statistics for students in business, economics and similar disciplines, although it may have wider interest. The focus is on concepts, reasoning, interpretation and thinking rather than computation, formulae and theory. Much of the work will require students to write effectively and communicate their ideas with clarity. The course covers two main branches of statistics: descriptive statistics and inferential statistics. Descriptive statistics includes collecting data and summarising and interpreting them through numerical and graphical techniques. Inferential statistics includes selecting and applying the correct statistical technique in order to make estimates or test claims about a population based on a sample. Topics covered may include descriptive statistics, correlation and simple regression, probability, point and interval estimation, hypothesis testing, multiple regression, time series analysis and index numbers. Students will also develop some understanding of the limitations of statistical inference and of the ethics of data analysis and statistics.
All assessment is assignment based.
- Weekly quizzes (20%)
- Descriptive Statistics Case Study (25%)
- Probability & Hypothesis Testing Case Study (30%)
- Regression Case Study (25%)
For textbook details check your university's handbook, website or learning management system (LMS).
The University of Adelaide has a habit of breaking new ground. It was Australia’s first university to welcome female students. The first to offer science and business degrees. Its alumni include Australia’s first female prime minister; the first Australian to walk in space; 2021 Young Australian of the Year; and 2020 Australian of the Year. Adelaide’s OUA degrees will give you deep discipline knowledge, transferable, future-ready skills, and the capability to change the world for the better. With Adelaide, you can make history.
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- 8
- Times Higher Education Ranking 2024:
- 7
Entry requirements
Part of a degree
To enrol in this subject you must be accepted into one of the following degrees:
Core
- UAD-HSM-DEG-2024 - Bachelor of Health Service Management
- UAD-INB-DEG-2024 - Bachelor of International Business
Others
Successful completion and passing of four core open access courses and admission into an award program.
Additional requirements
- Equipment requirements - Headphones or speakers (required to listen to lectures and other media). Headset including microphone (highly recommended). Webcam (may be required for participation in virtual classrooms and/or presentations.
- Software requirements - It is essential for students to have reliable internet access in order to participate and complete your units. MyUni is the University of Adelaide's online learning environment. MyUni provides access to various features including announcements, course materials, discussion boards and assessments.
- Other requirements - Calculator. Students will need a calculator; a basic one that can take squares, square roots etc is sufficient.
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
Related degrees
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Health Service Management
UndergraduateUAD-HSM-DEG
Bachelor of International Business
UndergraduateUAD-INB-DEG