MACQUARIE UNIVERSITY

WSTA1250: Business Statistics

Comprehensive Study and Exam Preparation Guide 2026

- Part 01: Revision Notes

- Part 02: Practice Exam Questions and Answers

- Part 03: Sample Examination Paper

- Part 04: Detailed Solutions and Explanations

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Macquarie University - WSTA1250: Business Statistics

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ACADEMIC YEAR 2025 - 2026

University	Macquarie University
Study Level	Undergraduate
Unit Code	WSTA1250
Unit Name	Business Statistics
Notes Title	Comprehensive Study and Exam Preparation Guide
Page Length	66

A comprehensive and easy-to-understand set of notes covering all lecture content and examinable topics for WSTA1250: Business Statistics, Macquarie University. These colour-coded notes are organised in an understandable way. They offer vital information about exam format, what will be on the exam, and key concepts you should focus your studies on. Concepts and principles are not simply named or described in passing but are described thoroughly. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination!

Data is the foundation of sound business decisions. In this unit, students will learn the fundamentals of analysing, solving and communicating business problems using quantitative information. Problems and examples will be drawn from current real-world experience. The unit will cover statistical and analytics tools that transform data to provide insights for decision-making and professional practice in business and commerce. The focus will be on tools and approaches that are used in contemporary business to enhance the data literacy and technical skills of students.

✔ On successful completion you will be able to:

Use appropriate Excel tools to prepare data for analysis.
Organise and summarise data graphically and numerically.
Apply statistical techniques and data analytics to provide solutions to business problems.
Generate actionable commercial insights from the results of data analysis for business to make informed decisions.

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ACCG3020	Tax in Practice
ACST1001	Finance Fundamentals
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AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2041	Introductory Econometrics
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
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STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

Macquarie University - WSTA1250: Business Statistics

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