QUEENSLAND UNIVERSITY OF TECHNOLOGY 
MXB107: Probability and Statistics 
Final Examination Guide and Notes 2026 
 
Part A: Topic Summary and Exam Tips 
Part B: Practice Exam Questions and Answers 
Part C: Sample Final Examination Paper 
Part D: Suggested Solutions to Final Exam Paper 
 
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Queensland University of Technology - MXB107: Probability and Statistics

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ACADEMIC YEAR 2025 - 2026

University	Queensland University of Technology
Study Level	Undergraduate
Unit Code	MXB107
Unit Name	Probability and Statistics
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	61

A comprehensive and easy-to-understand set of notes covering all lecture content and examinable topics for MXB107: Probability and Statistics at Queensland University of Technology. 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!

Probability and statistics are essential for understanding uncertainty, making informed decisions, and analysing data across diverse fields, from business and healthcare to engineering and social sciences. This unit provides foundational skills to analyse data, test hypotheses, and draw reliable conclusions - critical for success in today’s data-driven world. Students will gain hands-on experience with industry-leading software, specifically R, for data analysis. This unit focuses on core concepts and practical skills, which will be developed further in DSB102 Statistical Machine Learning, which introduces basic regression. Students will develop a critical, ethical approach to data, with attention to diverse perspectives. This unit also prepares students for specialised topics in later units, such as MXB241 Stochastic Processes and MXB242 Regression and Design, building skills to address complex problems in applied fields.

✔ On successful completion of this unit you will be able to:

Demonstrate a broad and coherent knowledge of introductory probability, statistical modelling, and inference techniques.
Select, apply, and justify appropriate statistical methods, interpret results in context, and demonstrate critical thinking throughout these processes in both abstract and applied contexts.
Use appropriate software tools to analyse, visualise, interpret and document data, methods and results in statistical contexts.
Present and communicate in written and graphical formats to specialist and non-specialist audiences.
Identify and evaluate the assumptions, limitations, and ethical considerations inherent in statistical analyses.

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MXB107	Probability and Statistics

Queensland University of Technology - MXB107: Probability and Statistics

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