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  3. Data and Decision Making

Data and Decision Making (MAST90072)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2017
Subject levelGraduate coursework
Subject codeMAST90072
Campus
Parkville
Availability
Semester 1
FeesSubject EFTSL, Level, Discipline & Census Date

The basis for decision making is often the analysis of data. In order for these decisions to be reliable data must be correctly collected and analysed. To control costs data should be efficiently collected and it needs to be properly stored and managed. The interpretation of an analysis requires some knowledge of basic statistical ideas and techniques and the results will often be communicated to a non-specialist audience who will make decisions based on the presentation. Alternatively decisions may be made from the analyses and interpretations of others. This subject examines the whole process of data collection, analysis and decision making.

Intended learning outcomes

Students completing the subject will be familiar with the entire statistical process from experimental design and data collection to presenting a report to a possibly non-specialist audience. In passing they will become familiar with some statistical techniques but this is not the aim of the subject. By being aware of the entire statistical process and the resources required they will be better equipped to manage such projects. Students will also become familiar with a major statistical computing package.

Generic skills

At the completion of this subject, students should gain the following generic skills:

  • problem-solving skills (especially through tutorial exercises and assignments) including engaging with unfamiliar problems and identifying relevant strategies;
  • analytical skills including the ability to construct and express logical arguments and to work in abstract or general terms to increase the clarity and efficiency of the analysis;
  • the ability to work in a team, through interactions with other students.

Last updated: 16 August 2017