IT1010.10 – Statistics in Information Technology

This subject introduces core statistical and quantitative methods used in business and industry decision-making, equipping students with practical skills in collecting, analysing, and presenting business and economic data. Students explore key concepts including measures of central tendency and dispersion, probability principles and distributions, as well as sampling, estimation, and hypothesis testing. Through hands-on use of Microsoft Excel and introductory statistical tools, they learn to convert raw data into meaningful insights that support forecasting, risk assessment, and evidence-based reporting. The subject prepares students for roles such as business, data, operations, financial, and marketing analysts, as well as junior risk consultants, with a strong focus on applying statistical reasoning to real-world organisational contexts across finance, supply chain, marketing, human resources, and strategic planning.