WESTERN SYDNEY UNIVERSITY

MATH 1028: Statistical Decision Making

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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Western Sydney University - MATH 1028: Statistical Decision Making

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ACADEMIC YEAR 2025 - 2026

University	Western Sydney University
Study Level	Undergraduate
Subject Code	MATH 1028
Subject Name	Statistical Decision Making
Study Material	Final Examination Guide and Notes
Format	PDF
Page Length	61

If you are studying MATH 1028: Statistical Decision Making at Western Sydney University, this complete guide keeps your revision focused and simple. It covers every examinable topic and explains key concepts in clear, simple language. It also explains how the final exam is organised and marked, and shows you the main question styles to expect. Inside, you’ll find exam-style questions with step-by-step solutions, straightforward explanations, and final-exam hints and tips, plus practical guidance on format, key marking points, timing, and model solutions to help you check your work.

Statistical Decision Making introduces students to various statistical techniques for analysing and interpreting data. Presentation of the content will emphasise the correct principles and procedures for collecting and analysing data, using statistical software. Topics include describing different sets of data, probability distributions, statistical inference, and simple linear regression and correlation.

The open-source statistical software package R will be introduced and used in this subject.

Analysing and interpreting data is crucial in many sectors of modern economy and society. Thus, basic competencies in statistics, data collection and data analysis are essential employability skills in virtually every profession.

✔ Learning Outcomes:

Upon completion of this subject, graduates will be able to:

Analyse data using traditional methods or modern resampling methods.
Use technology to assist in performing statistical analysis.
Recognise the limitations of data collection methods and demonstrate awareness of the influence of these limitations on inference.
Choose the correct statistical method for analysis and correctly interpret the results.

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ACCT 1010	Management Accounting Fundamentals
ACCT 2005	Techniques in Financial Accounting
ACCT 3003	Accounting Standards and Governance
BUSM 1027	Organisational Behaviour
ECON 1003	Financial Institutions and Markets
ECON 1006	Introduction to Economic Methods
ECON 1011	Principles of Economics
ECON 1013	The Australian Macroeconomy
ECON 1014	Consumers, Firms and Markets
ECON 2002	Corporate Financial Management
ECON 2007	Macroeconomic Theory
ECON 3001	Applied Econometrics
ECON 3003	Derivatives
ECON 3006	Economic and Financial Modelling
FINC 3008	Investment Management
FINC 3015	Security Analysis and Business Valuation
LAWS 1001	Enterprise Law
LAWS 3070	Taxation Law
MATH 1030	Statistics for Business
MKTG 1006	Marketing Principles

Western Sydney University - MATH 1028: Statistical Decision Making

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