MXB107 Probability and Statistics


To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.


Unit code:MXB107
Assumed Knowledge:Specialist Mathematics or MXB100, or concurrently enrolled in MXB100.
Credit points:12
TimetableDetails in HiQ, if available
Availabilities  
Online
Semester 1
Gardens Point
Semester 1
CSP student contribution  $592
Domestic tuition unit fee  $3,816
International unit fee  $4,872
Probability and statistics are essential for understanding uncertainty, making informed decisions, and analysing data across diverse fields, from business and healthcare to engineering and social sciences. This unit provides foundational skills to analyse data, test hypotheses, and draw reliable conclusions - critical for success in today’s data-driven world. Students will gain hands-on experience with industry-leading software, specifically R, for data analysis. This unit focuses on core concepts and practical skills, which will be developed further in DSB102 Statistical Machine Learning, which introduces basic regression. Students will develop a critical, ethical approach to data, with attention to diverse perspectives. This unit also prepares students for specialised topics in later units, such as MXB241 Stochastic Processes and MXB242 Regression and Design, building skills to address complex problems in applied fields.