Identifying problems and solution strategies

Assignment Help Basic Statistics
Reference no: EM131590061

Learning Outcomes

a) Identify practical business situations to which statistical techniques are applicable

b) Present, summarise and manipulate sample data, make basic statistical inferences and interpret the results in a business context

c) Use one or more current statistical software packages for basic data analysis purposes

d) Apply skills in identifying problems and solution strategies

Assessment 1

Assessment Type: Weekly Quizzes - individual assessment

Purpose: This assessment is designed to allow students to demonstrate their ability to present, summarise and manipulate sample data, make basic statistical inferences, interpret the results in a business context using statistical software packages and techniques, and identify problems and solutions. This assessment relates to Learning Outcome a, b, c and d

Assessment 2

Purpose: To revise and reinforce subject content taught up to and including week 5. This assessment contributes to Learning Outcome a, b and c

Topic: Subject content up to and including weeks 1 - 5

Task Details: Closed book exam. A list of formulae and statistical tables will be provided. Students should bring a 10 digit non-programmable calculator to the exam. No other supporting aids or materials will be permitted.

Assessment 3

Purpose: To allow students to demonstrate an understanding of statistical analysis and the ability summarise and manipulate sample data, make basic statistical inferences and interpret the results in a business context. This assessment contributes
to Learning Outcome a, b, c and d.

Topic: What do the figures mean?

Task Details: Students will be presented with a set of numerical data, and a business scenario. From this you will need to present, summarise and manipulate sample data, make basic statistical inferences and interpret the results.

Preparatory Quizzes Before you begin your analysis and report, you need to do the Preparatory Quizzes to ensure you are familiar with the concepts and techniques involved. You may attempt the Quizzes as many times as you like - each new attempt will overwrite the previous attempt. Only the last attempts will be marked.

Report The analysis and conclusions you draw from the analysis needs to be presented in a short report including all relevant analysis either as part of the report or as attachments referred to in appropriate sections of the report.

Presentation: The report needs to be short report format - 1500 + 10% word report format - Word .doc or .docx
Title page, executive summary, table of contents, appropriate headings and sub- headings, recommendations, in-text referencing and reference list (Harvard - Anglia style), attachments.

Assessment 4

Purpose: The purpose of the final examination is to test your understanding of course concepts and your ability to apply these concepts. The examination may cover materials used in tutorials, class discussions and/or from the readings
This assessment relates to Learning Outcomes a, b, c and d

Topic: The examination may cover content from any part of the entire subject.

Task Details: 2 hour closed book exam.
Students will be given various business scenarios with relevant data sets. From these students will be expected to apply relevant statistical data analysis, and interpret the findings for the given situations.
More details will be provided during the trimester.

Reference no: EM131590061

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Reviews

len1590061

8/4/2017 2:43:52 AM

2. If still not satisfied, students should complete an Application for Review of Assessment Marks form, detailing the reason for review. This form can be found on the KOI website and is also available at KOI Reception (Market St and Kent St). 3. Application for Review of Assessment Marks forms must be submitted as explained on the form within ten (10) working days of the return of the marked assessment, or within five (5) working days after the return of the assessment if the assessment is returned after the end of the trimester.

len1590061

8/4/2017 2:43:44 AM

Where students are not satisfied with the results of an assessment, including mid-trimester exams, they have the right to appeal. The process is as follows: 1. Discuss the assessment with their tutor or lecturer – students should identify where they feel more marks should have been awarded – students should provide valid reasons based on the marking guide provided for the assessment. Reasons such as “I worked really hard” are not considered valid.

len1590061

8/4/2017 2:42:38 AM

Uses appropriate software 10% Missing or many serious mistakes Major mistakes Minor mistakes Written presentation 10% Poor written expression with many errors. No/poor skills to synthesize and organise arguments or explanations. Difficult to understand or make no sense. Poor structural framework and no evidence of effort made. Written expression limited to basic, with some errors. Basic skills to synthesize and organise arguments or explanations. Relatively clear and understandable. Evidence of some effort made, though not sufficient, for structural framework. Good written expression with few errors. Good and solid skills to synthesize and organise arguments or explanations and make it clear to understand. Evidence of fair effort made in demonstrating a sound and logical framework of the structural flow.

len1590061

8/4/2017 2:42:12 AM

Analysis Sections of statistical methods to make inferences. 20% Does not use correct and complete quantitative analysis. Does not make relevant and correct conclusions. Uses basic analysis but uses the quantitative analysis as the basis for tentative, basic judgments, is hesitant or uncertain about drawing conclusions from this work. Uses mostly correct and complete quantitative analysis. Makes mostly relevant and correct conclusions. Uses correct and complete quantitative analysis. Makes mostly relevant and correct conclusions. Uses correct and complete quantitative analysis. Makes sophisticated, relevant and correct conclusions. Identify practical business situations to which statistical techniques are applicable 10% No situation identified A situation is identified but it is not really suitable for statistics. A situation is identified however the student does not explain why statistics is applicable. A suitable situation is identified and the student adequately explains why statistical techniques are suitable. A suitable situation is identified and the student thoroughly explains why statistical techniques are suitable.

len1590061

8/4/2017 2:42:04 AM

Calculation section of statistical methods that make inferences 25% Does not perform accurate calculations. Formulae and workings either not provided or incomplete. Many errors. Performs calculations which solve the basic and/or most obvious problem(s). Main formulae and workings only provided. Some errors. Performs mostly accurate calculations which are sufficiently comprehensive to solve most (of the) problem(s). Most formulae and workings provided - some gaps. Minor errors Performs mostly accurate calculations which are sufficiently comprehensive to solve the problem(s). Most/all formulae and workings provided - minimal gaps. Minimal errors Performs accurate calculations which are sufficiently comprehensive to solve the problem(s). All formulae and workings provided. No errors

len1590061

8/4/2017 2:41:57 AM

Criteria Fail (0 – 49%) Pass (50 – 59%) Credit (60 – 69%) Distinction (70 – 79%) High Distinction (80 – 100%) Use statistics to summarize Data 25% Does not provide explanations of information presented in mathematical form. Provides somewhat accurate explanations of information presented in mathematical forms, but occasionally makes minor errors Provides mostly accurate explanations of information presented in mathematical form. converts relevant information into appropriate graphs and summary statistics Provides accurate explanations of information presented in mathematical form. Competently converts relevant information into appropriate graphs and summary statistics Provides accurate explanations of information presented in mathematical form. Masterfully converts relevant information into appropriate graphs and summary statistics

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