THE UNIVERSITY OF NEWCASTLE 
STAT1060 - Business Decision Making 
Final Examination Guide and Notes 2024 
 
Part 01. Topic Summary and Exam Tips 
Part 02. Practice Exam Questions and Answers 
Part 03. Sample Final Examination Paper 
Part 04. Suggested Solutions to Final Exam Paper 
 
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University of Newcastle - STAT1060: Business Decision Making (Solutions)

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ACADEMIC YEAR 2023 - 2024

University	University of Newcastle
Study Level	Undergraduate
Course Code	STAT1060
Course Name	Business Decision Making
Notes Title	Final Examination Guide and Notes
Page Length	61

This concise STAT1060: Business Decision Making, University of Newcastle - Final Examination Guide and Notes 2024 covers essential steps to understand the relevant theories in this course. The illustrations and worked examples show essential workings to apply those theories. And when you are through with your course materials, you can take a sample exam with solutions and explanations provided, created specifically to simulate the real test-taking experience. With this guide, you can aim for the best grade with the help of relevant and accessible notes, examiner advice plus questions and answers on each key examinable topic.

STAT1060 is an introductory course in qualitative and quantitative methods which underpin effective business decision making. It is taught within a business context having been designed for undergraduate students in the College of Human and Social Futures. The course develops a student's ability to incorporate statistical thinking and to take account of variation in the real world during processes of establishing project initiatives, defining objectives, data collection, data presentation, data analysis, reporting and decision making.

Main topics to be covered:

Qualitative techniques for data collection and investigation
Research process
The concept of variation
Quantitative and exploratory data techniques
Presenting data
Descriptive and Inferential Statistics
Data types in quantitative analysis
Developing hypotheses
Sampling distributions
Assessing risk
Quantifying and incorporating variation in decision making
Confidence intervals
Hypothesis testing
Presentation of findings
Correlation and regression
Time Series

COURSE CODE	COURSE NAME
ACFI1001	Accounting for Decision Makers
ACFI1002	Accounting Practice
ACFI1003	Introduction to Finance
ACFI2003	Management Accounting
ACFI2012	Accounting for Corporate Entities
ACFI2070	Business Finance
ACFI2080	Corporate Finance
ACFI3004	Taxation
ACFI3018	Portfolio Management
ACFI3130	Derivative Securities
ECON1001	Microeconomics for Business Decisions
ECON1002	Macroeconomics in the Global Economy
ECON1003	Basic Econometrics and Quantitative Modelling
ECON2001	Intermediate Microeconomics
ECON2004	Money and Banking
LEGL1001	Foundations of Law
MKTG1001	Foundations of Marketing
MNGT1001	Introduction to Management
STAT1060	Business Decision Making
STAT1070	Statistics for the Sciences

University of Newcastle - STAT1060: Business Decision Making (Solutions)

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