CASES TOPIC 2: TORT LAW
1. Donoghue v Stevenson 
This is the main case for tort law, particular to negligence.
A friend bought a bottle of ginger beer for Donoghue. The ginger beer was in an
opaque glass bottle.
While in the process of drin
Week 14 Lecture Revision
Topic 1 - Displaying Data and Descriptive Statistics
The objective of statistics is to make an inference about a population based on information contained in a sample.
A necessary prelude to making inferences about a population is
Week 13 Lecture 1
Everyday we are faced with certain decisions that we have to make. Most of these we make sub-consciously. Examples
of some of these decisions are
Should I take an umbrella to university today?
Should I walk or take the bus
Lecture 12 Topic 7
Simple Linear Regression and Correlation
(Chapter 12, TB)
Dependent and independent variables; SSR and SSE; Coefficient of determination; Forecasts and confidence intervals.
In previous chapters, we estimated and tested hypot
Week 10 Lecture 1
Analysis of Categorical Data
We will introduce the chi-squared statistic to perform two tests.
Test for Independence - Similar to the test we did for difference in two population
proportions but we more than
Week 8 Lecture
Two Population Hypothesis Testing
We should use the following 6 steps when testing hypothesis
Identify the distribution of the sample observations and determine the hypotheses. Set
up the alternative hypothesis first, as it is what we a
Week 6 Lecture 1
Estimation 1 sample
In applying sampling distributions we need to know the value of the relevant parameters, a highly
unlikely circumstance. In the real world, parameters are almost unknown, because they represent
Week 5 Lecture 1
NORMAL RANDOM VARIABLES
Several variables that occur in nature, commerce, etc. follow a normal distribution. The
probability density function (pdf) for a normal distribution with mean and standard deviation
f ( x) =
Week 4 Lecture 1
A random variable is a function that assigns a numerical value to each simple event in
a sample space.
A balanced coin is tossed three times. Let X be the total number of heads.
event cfw_TTT = event cfw_X = 0
Week 3 Lecture 1
What is Probability?
Our goal is to understand uncertainty, such as what is happening in the population
Unfortunately . . . we will never know for sure what is happening in the population, or in the future
By recognising that possib
Week 2 - Lecture 1
MEASURES OF CENTRAL TENDENCY
Measures of Central Tendency yield information about the centre, or middle part of a group of
numbers. The measures of central tendency that we will look at today are the Mean, Median,
Quartiles and Mo
Week 1 - Lecture 1
Some view statistics as dry and boring yet all disciplines involve collecting data which then needs
Statistics is NOT the science of strangling data to make them say what you want
Statistics is the science of
Answers to exercises for Topic 8
200 Maximum of the maximums
Maximax decision Both designs
45 Maximum of the minimums
Maximin decision Both designs
States of the Market
Week 13 Tutorial Problem
An economist is interested in the relation between the disposable income of a family and the amount of money
spent annually on food. For a preliminary study, the economist takes a random sample of eight middle-income
families of t
Answers to exercises for Topic 5
Ho : =
Ha : >
Since 1.595 > 1.2, we reject Ho
a nd conclude that the population mean is greater than 1200, at the 10% level of significance
p - value =
Ho : =
Ha : <
Answers to exercises for Topic 1
TOPIC 2: Torts Law
CHAPTERS 7,8 and 9.
The law of tort is an area of law that often only becomes relevant to people and
businesses after the happening of a loss-making event. The range of interests which
the law of tort protects are very wide an
Introduction to Business Law:
Chapters 1-4- The Australian Legal Framework.
Law is a device to regulate the social and economic behaviour of society.
The law as a regulatory device, provides the mechanism for society to function by
prioritising needs and
CASES IBL TOPIC 1: THE AUSTRALIAN LEGAL SYSTEM
1. Mabo v Queensland (No.2) (1992)
Was Australian territory acquired by treaty or conquest, or territory that was terra
What was the status of the colony at settlement?
By a six-t
CHAPTER 1- SLOMAN
Economics is concerned with the following: the production and consumption of goods
Production: the transformation of inputs into outputs by firms in order to earn
profit/ other objective the production of goods and servic
CHAPTER 6: Perfect Competition and Monopoly
1. The Degree of Competition:
Industries may be divided into 4 categories, according to the degree of competition
that exists between the firms within the industry:
Perfect Competition: A market structure where
PRINCIPLES OF ECONOMICS- STUDY NOTES
CHAPTER 1- LEWIS
Factors such as natural resources, mix of population and the political
system are very important to determining what makes up the Australian
Economists recognise that political, geographic and