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MATH06035 2022 Business Mathematics & Statistics 2

General Details

Full Title
Business Mathematics & Statistics 2
Transcript Title
Business Maths & Stats 2
Code
MATH06035
Attendance
N/A %
Subject Area
MATH - Mathematics
Department
BUS - Business
Level
06 - NFQ Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Aiden Bell, Kerry Dolan, Cillian OMurchu
Programme Membership
SG_BACCO_H08 202200 Bachelor of Arts (Honours) in Accounting SG_BFINA_H08 202200 Bachelor of Business (Honours) in Finance and Investment SG_BACOO_H08 202300 Bachelor of Arts (Honours) in Accounting SG_BFINA_B07 202200 Bachelor of Business in Finance and Investment SG_BFINA_B07 202200 Bachelor of Business in Finance and Investment
Description

This subject aims to provide learners with the necessary skills to gather, organize, analyse and present data.  It aims also to enable students to understand and assess quantitative information presented to them.    

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Carry out index number calculations and understand how indicies are used in material presented to them

2.

Solve probability problems and be able to use normal tables

3.

Carry out time series analysis and understand the results of such analysis when presented with it

4.

Perform calculations for measures of correlation, regression and index numbers

5.

Determine the critical path from a network diagram

Teaching and Learning Strategies

The teaching and learning strategy is one which is founded on student-centered active learning. This module will be delivered by a mixture of face to face, online delivery and tutorial support as appropriate. Students will be supported in this module through the the use of various virtual learning environments.The student will develop and apply their learning through practical examples, case studies and exercise sheets.

Module Assessment Strategies

Written examination at the end of the semester and written examination & quizzes during the semester.

 

Repeat Assessments

The repeat assessment will involve a Repeat Exam.

Indicative Syllabus

 1. Regression and Correlation

  • Draw scatter graphs
  • Calculate linear regression coefficients
  • Calculate measures of correlation and rank correlation
  • Use the regression line for forecasting

2. Time Series

  • Factors which affect a Time Series
  • Moving average trend, seasonal & cyclical variation and residuals based on the additive model
  • Deseasonalised data
  • Forecasting future values

3. Index Numbers

  • Calculate price and quantity indices
  • Change the base period of an index
  • Use a price index to deflate money values

4. Probability

  • Define and calculate probabilities, permutations and combinations
  • Solve problems involving the normal distribution

5. Network Analysis and Critical Path

  • Draw a network diagram
  • Determine the critical path
  • Calculate the floats of non-critical activities

6. Data analysis using computers

  • Apply spreadsheets to some of the previous sections

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Coursework Assessment Assessment 30 % OnGoing 1,2,3,4,5
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Final Exam Assessment 70 % End of Term 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Not Specified Lecture 3 Weekly 3.00
Tutorial Not Specified Practical exercise based on preceeding lecture in small groups 1 Weekly 1.00
Independent Learning UNKNOWN Self study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Required Reading
2018 Business Mathematics
ISBN 0134693329 ISBN-13 9780134693323

For courses in Business Mathematics. Focuses on current issues, real companies, and pragmatic business scenarios Business Mathematics by Clendenen and Salzman teaches students the mathematical skills they need for success in business, emphasizing mastery of business concepts and scenarios that require a mathematical solution. With a strong focus on current issues, real companies, and pragmatic business scenarios, the authors cover the full spectrum of basic business math, placing every concept in context with relevant examples. Along with an updated MyLab(tm) Math course, the 14th Edition has been significantly revised to modernize the text, improve discussions, and make the material more meaningful to students. This revision is packed with data, examples, graphs, photographs, and case studies that demonstrate the material's relevance as it teaches students to interpret data and information. A global perspective is emphasized through examples and exercises that highlight issues in other countries. Also available with MyLab Math By combining trusted author content with digital tools and a flexible platform, MyLab personalizes the learning experience and improves results for each student. Note: You are purchasing a standalone product; MyLab Math does not come packaged with this content. Students, if interested in purchasing this title with MyLab Math, ask your instructor to confirm the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyLab Math, search for: 0135195969 / 9780135195963 Business Mathematics Plus MyLab Math with Pearson eText - Access Card Package Package consists of: 0134693329 / 9780134693323 Business Mathematics, 14e 0134836235 / 9780134836232 MyLab Math with Pearson eText - Access Card - for Business Mathematics, 14/e

Required Reading
2017-10 Mathematics for Economics and Business
ISBN 129219166X ISBN-13 9781292191669

Mathematics for Economics and Business, 9e is the essential resource you need when studying mathematics as part of your economics, management or business course. Whatever your level of prior mathematical knowledge, ability or confidence, this book will guide you step-by-step through the key mathematical concepts and techniques you need to succeed. Starting with the basics, the book is designed to allow you to progress at your own pace, with a wealth of examples, practice exercises and self-test questions to check your understanding along the way. Worked examples throughout each chapter illustrate how mathematical concepts and techniques relate to the business world and encourage you to solve real problems yourself. Over 200 new questions have been added to this new edition, with answers provided, making it a fantastic resource for revision purposes. Additional online resources to support your learning, including an online homework and tutorial system can be accessed via MyLab Math, which accompanies this book. You need an access card and a course ID, issued by your lecturer.

Recommended Reading
2013-01-21 Quantitative Methods for Business Decisions Cengage Learning EMEA
ISBN 1408064987 ISBN-13 9781408064986

This established and popular text is regarded as one of the clearest and most comprehensive in its field. David Eadson has joined Jon Curwin and Roger Slater in the author team, and together they have sought to offer a more compact book with all the qualities of the previous six editions, whilst strengthening the links to online support materials. The new edition has been enhanced to reflect the latest learning plans and techniques, providing students with all the tools they need to pass the typical Quantitative Methods course. Each chapter focuses on a selection of statistical techniques, illustrated with examples from across business, marketing, economics, finance, and public administration, to appeal to students across the business spectrum. Whilst all core material is covered in the book itself, the online offering has been bolstered to include Parts 6-8 covering 'Modelling', 'Mathematical Topics' and 'Student Guides' respectively, in addition to a wide range of other resources including datasets and extra learning tools. Visual signposts throughout the text guide the student to the online platform to provide a seamless interaction between the two thus providing a multi-faceted learning experience. The wide-ranging coverage provided makes this the ideal text for the teaching of quantitative methods across all business disciplines at undergraduate, MBA, and post-experience levels. This textbook is autopackaged with CourseMate. CourseMate brings course concepts to life with interactive learning, study, and exam preparation tools that support the printed textbook and the textbook-specific website. CourseMate includes an integrated eBook and interactive teaching and learning tools including quizzes, flashcards, videos, and more and an EngagementTracker, a first-of-its-kind tool that monitors student engagement in the course.

Recommended Reading
2006-03-24 Using Statistics Gill & Macmillan Ltd
ISBN 0717140229 ISBN-13 9780717140220

This book uses practical worked examples and problems with answers, in an Irish context. It provides an insight into your processes, allowing you to understand them and ultimately improve them. It can be used alone or in conjunction with any statistical package of choice. Web support is provided for lecturers with PowerPoint slides, web links, and data sets for each chapter, which support all statistical software. This book is suitable for undergraduate students of business, science and engineering, post-graduate students, researchers and professionals. Comments from students: "Very well presented. The author made it seem very simple. The examples use real life, are easy to understand and interesting". "The author understands the worries students have, and knows our limits". "Examples are relevant and easy to relate to".

Recommended Reading
2012-12-31 Statistics for Business and Economics (12th Edition) Pearson
ISBN 032182623X ISBN-13 9780321826237

Statistics for Business and Economics, Twelfth Edition, meets today's business students with a balance of clarity and rigor, and applications incorporated from a diverse range of industries. This classic text covers a wide variety of data collection and analysis techniques with these goals in mind: developing statistical thinking, learning to assess the credibility and value of inferences made from data, and making informed business decisions.

 

The Twelfth Edition has been updated with real, current data in many of the exercises, examples, and applications. Exercises draw on actual business situations and recent economic events so that students can test their knowledge throughout the course. Statistics in Action case studies open each chapter with a recent, controversial, or high-profile business issue, motivating students to critically evaluate the findings and think through the statistical issues involved. A continued emphasis on ethics highlights the importance of ethical behavior in collecting, interpreting, and reporting on data.

Recommended Reading
2013 Basic Statistics for Business and Economics
ISBN 0073521477 ISBN-13 9780073521473

Used book

Recommended Reading
2014-02-20 Business Mathematics (13th Edition) Pearson
ISBN 0321955056 ISBN-13 9780321955050

For courses in business math or the mathematics of business

 

Business Mathematics by Clendenen/Salzman teaches students the mathematical skills they need to be successful in business, emphasizing mastery of business concepts and scenarios that require a mathematical solution. With a strong focus on current issues, real companies, and pragmatic business scenarios, the authors cover the full spectrum of basic business math, placing every concept in context with relevant examples. With time-proven pedagogy, relevant business applications and case studies, and a strong MyMathLab course, this program teaches students mathematical skills and concepts within the context of business applications.

 

This text provides a better teaching and learning experience, for you and your students. Heres how:

  • Improve Results:  MyMathLab delivers proven results in helping students succeed and provides engaging experiences that personalize learning.
  • Grounded in the business world and actual companies:This text presents insights that reflect business realities that students will actually encounter in the business world.
  • Extensive usage of data and graphics: Helps students visualize, analyze, and discuss the information they are working with.
  • Excellent exercises: Gives students a variety of practice to help them understand and master the material.


Note: You are purchasing a standalone product; MyMathLab does not come packaged with this content. MyMathLab is not a self-paced technology and should only be purchased when required by an instructor. If you would like to purchase both the physical text and MyMathLab, search for:

  

0321937031 / 9780321937032 Business Mathematics plus MyMathLab with Pearson eText -- Access Card Package

Package consists of:   

0321431308 / 9780321431301 MyMathLab -- Glue-in Access Card

0321654064 / 9780321654069 MyMathLab Inside Star Sticker

0321955056 / 9780321955050 Business Mathematics

 

Module Resources

Non ISBN Literary Resources

Clendenen & Salzman, 2018, Business Mathematics (14th Edition)

Jon Curwin, 2013 Quantitative Methods for Business Decisions Cengage Learning EMEA

Reilly, James, 2006, Using Statistics, Gill & MacMillan

James T. McClave, 2012 Statistics for Business and Economics (12th Edition) Pearson

Marchal & Wathen Lind, 2013 Basic Statistics for Business and Economics

Gary Clendenen, 2014 Business Mathematics (13th Edition) Pearson

 

Journal Resources
URL Resources
Other Resources

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