F84K 35 Statistics for Business
Modifications (2014)
Statistics for Business
 F84K 35
 SCQF Level 8
 Various Business, Accounting, Finance and
Management HN frameworks
 Has existed in various forms over the years
History of Statistics for Business
 DE3M 35 (2003-12)
– Lapsed
– Finishing 31 July 2014
– 60% threshold for pass
History of Statistics for Business
 F84K 35 (2010-present)
– Introduced 2010 with no reference to threshold
or error tolerance
– Modified 2012 with error tolerance in line with
many HN Accounting Units
– 2 ASPs written
Statistics for Business
 F84K 35 modifications 2014
– Additional approach to assessment offered by
ASP 2
– More akin to other Maths and Stats (VG142)
assessment approaches
– Minor changes to Unit Specification
• Removed references to thresholds
– ASP 1 remains unchanged.
Unit Specification Changes
 Added a comment to the effect that candidates
should not be able to alter an assessment after
submission.
– If requirements of assessment are not met, an
alternative instrument of assessment should
be used.
ASP Changes (Overview)
 ASP 1 remains broadly unchanged, using the
error tolerance approach.
ASP Changes (Overview)
 ASP 2 content remains largely unchanged, but
method of assessment decision modified
– Knowledge and Skills are assessed in logical
groupings, or sections
– Each section has a threshold for competence
– Thresholds are on or above 60%
– Failure to meet requirement for competence in
any section requires a resit of that section,
rather than the whole Outcome.
ASP Changes to Outcome 1
 Outcome 1
– Section 1:
(4/7)
– Section 2:
– Section 3:
– Section 4:
Data definitions and examples
Sampling Methods (3/4)
Data Sources (2/3)
Survey Methods (3/4)
– No change here
ASP Changes to Outcome 2
 Outcome 2
– Section 1: Central Location, Dispersion and
Quantitative Data Analysis (10/16)
– Section 2: Qualitative and Ordinal Data
Analysis (3/5)
– Section 3: Index Numbers (2/3)
– Caveat: At least one comment must be
meaningful. If not, then the assessor may
provide a scenario for the candidate to
comment on.
ASP Changes to Outcome 3
 Outcome 3
– Section 1: Scatter Charts, Correlation,
Regression, and Forecasting (4/6)
– Section 2: Time Series Analysis and
Historigram (8/13)
– Caveat: At least one comment must be
meaningful. If not, then the assessor may
provide a scenario for the candidate to
comment on.
Conclusion
 Allow alternative assessment approach
 Should allow students to demonstrate Knowledge
and Skills without the need to resit entire
Outcome, only the required section(s).
 Alternative assessment instruments should be
used for reassessment
 If you would like to modify the approach to
marking or evaluating assessment decisions,
please submit for Prior Verification.
Questions
www.sqa.org.uk I 0303 333 0330