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Quantitative Foundations and Numerical Analysis
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BUHON4005 - Quantitative Foundations and Numerical Analysis
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20240200
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1.2
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2026-09-10
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2026-09-10
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Business
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Institute of Innovation, Science & Sustainability
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Business
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Undergraduate
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15
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.125
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080300
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Business and Management
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080300 - Business and Management
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<a href="http://www.federation.edu.au/locate/unit/buhon4005">View unit fees</a>
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Graded (e.g. HD, D, C, etc)
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<p>Students are introduced firstly to data measurement, data models, probability distributions and forms of data presentation. Sampling, sample distributions and statistical inference including hypothesis testing are then described. The unit concludes with descriptions of correlation-based methods including ANOVA, regression and factoring, time series techniques, categorical data analysis and nonparametric statistics. Applied statistical methods or analytical techniques for econometric modelling, structural equation modelling, discriminant analysis, cluster analysis or others may be described according to student research requirements</p>
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<p>Basic numerical analysis including probability distributions and suitable forms of data presentation Sampling from populations, statistical inference and hypothesis testing Quantitative methods and techniques including correlational analysis plus advanced techniques</p>
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Semester
Semester
0200
Year
Year
2027
Current Year
2026
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BUHON4005 - Quantitative Foundations and Numerical Analysis
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BUHON4005 - Quantitative Foundations and Numerical Analysis
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Semester
Semester 1
Semester 2
Summer Semester
Year
2027
2026
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Overview
Key information
Requisites
Learning outcomes
Assessment
FedTASK
Parent Region
Overview
Unit description
<p>Students are introduced firstly to data measurement, data models, probability distributions and forms of data presentation. Sampling, sample distributions and statistical inference including hypothesis testing are then described. The unit concludes with descriptions of correlation-based methods including ANOVA, regression and factoring, time series techniques, categorical data analysis and nonparametric statistics. Applied statistical methods or analytical techniques for econometric modelling, structural equation modelling, discriminant analysis, cluster analysis or others may be described according to student research requirements</p>
Unit content
<p>Basic numerical analysis including probability distributions and suitable forms of data presentation Sampling from populations, statistical inference and hypothesis testing Quantitative methods and techniques including correlational analysis plus advanced techniques</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080300 - Business and Management
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buhon4005">View unit fees</a>
Requisites
Prerequisite
None
Corequisite
None
Exclusion
None
Learning outcomes
Learning outcomes
<p>On successful completion of this unit, students are expected to gain the following [K]nowledge, [S]kills and [A]pplication of knowledge & skills</p>
Learning Outcomes
Ref
Outcome
K1
<p>Describe fundamental concepts in numerical data analysis including data forms, sampling and hypothesis testing</p>
K2
<p>Explain basis statistical approaches to analysing data to answer various research questions</p>
K3
<p>Compare and contrast statistical methods with respect to assumptions, limitations and interpretation of results</p>
S1
<p>Construct summary models appropriate for the data and research purpose</p>
S2
<p>Identify numerical sampling techniques for inferential statistical analysis and hypothesis testing</p>
S3
<p>Determine suitable statistical methods and techniques to answer research questions for a range of data contexts</p>
A1
<p>Report and present data models summarising numerical distributions</p>
A2
<p>Devise and implement a sampling framework designed to answer a specified research question</p>
A3
<p>Apply analytical techniques to a data set with results reported in the context of key assumptions, findings, and limitations</p>
Assessment
Learning Tasks and Assessment
Ref
Learning task
Assessment type
Weighting
Learning outcomes assessed
1
<p>Self-paced online quiz</p>
<p>Short Answer</p>
<p>10 - 20%</p>
K1, K3, S1, S3
2
<p>Quantitative method application and interpretation</p>
<p>Written Report and Coding Files</p>
<p>40 - 60%</p>
K3, S2, S3, A3
3
<p>Sampling plan and data analysis</p>
<p>Report and Presentation</p>
<p>30 - 50%</p>
K1, K2, S1, S2, A1, A2
Supplementary assessment available:
No
FedTASK
FedTASK
Description of FedTASK outcome
Level
FedTASK 1: Interpersonal
The ability to effectively communicate, interact and work with others both individually and in groups.
FedTASK 2: Leadership
The ability to apply professional skills and behaviours in leading others.
FedTASK 3: Critical Thinking and Creativity
The ability to work in complexity and ambiguity using imagination to create new ideas.
FedTASK 4: Digital Literacy
The ability to work fluently across a range of tools and applications to achieve a range of skills.
FedTASK 5: Sustainable and Ethical Mindset
The ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions.
FedTASK
<p>Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FedTASKs (<strong>T</strong>ransferable <strong>A</strong>ttributes <strong>S</strong>kills and <strong>K</strong>nowledge) provide a targeted focus on five key, transferable Attributes, Skills, and Knowledge that are embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and co-operative learning opportunities.</p>
Key information
Institute / school:
Institute of Innovation, Science & Sustainability
Discipline:
Business
Study level:
Undergraduate
Credit points:
15
EFTSL:
0.125
Field of education:
080300 - Business and Management
Grade scheme:
Graded (e.g. HD, D, C, etc)
Placement component:
No
Fee information:
<a href="http://www.federation.edu.au/locate/unit/buhon4005">View unit fees</a>
Additional information
Add Info Static Text
Internal reference: BUHON4005 - U1.2