Business Level 5 – Statistics for Management

Pearson/Edexcel BTEC Level 5 – Statistics for Management

Tecol Unit Code: L5B-B31
BTEC Code: R/508/0570
Format: On-line
Award: Level 5 Unit
Accreditation: Pearson
Study + Assessment Time: 60 + 90 Hours

This unit can be studied  as part of a BTEC HND in Business

Introduction

The aim of this unit is to provide students with an understanding of how management information and decision-making are enhanced by the application of statistical methods. Students will learn about a range of statistical techniques and how they can inform management thinking. While studying the unit they will develop their numerical abilities and increase their confidence in handling data in order to create information and knowledge.

 

Learning Outcomes

By the end of this unit a student will be able to:

  • Evaluate business and economic data/information obtained from published sources.
  • Analyse and evaluate raw business data using a number of statistical methods
  • Apply statistical methods in business planning
  • Communicate findings using appropriate charts/tables