MATH06040 2022 Business Mathematics and Statistics - BBS(Hons) Ab-Initio Module 2

General Details

Full Title
Business Mathematics and Statistics - BBS(Hons) Ab-Initio Module 2
Transcript Title
Business Math and Stats 2
Code
MATH06040
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, Cillian OMurchu, Kerry Dolan
Programme Membership
SG_BBUSI_H08 202200 Bachelor of Business (Honours) in Business
Description

This module will allow students on the BBS(Hons) Ab-initio programme to develop new and existing skills and knowledge and to continue transition to a third level, student centered learning style where the emphasis is on problem solving using a range of relevant mathematical methods.  

Learning Outcomes

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

1.

Use TIME SERIES ANALYSIS to support quantitative analysis and forecasting

2.

Use correlation and regression techniques to determine the nature and strength of relationships in bi-variate data sets

3.

Use probability distributions to estimate population parameters from sample statistics to specified significance levels.

4.

Use statistical inference to test hypotheses.

5.

Solve a range of practical business related problems using the techniques and methods learned earlier.

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. Normal Distribution :- Define and calculate probabilities. Describe various probability distributions. Solve problems involving the Normal probability distributions. Fundamentals of Hypotheses testing.  One and two-sample tests.

  2. Sampling :- Use random and non-random sampling methods Outline the manner in which to conduct a sample
  3. Time Series :- Calculate the trend and seasonal variation of a time series using additive and multiplicative models. De seasonalise time series. Forecast from time series using graphical and correlation methods.
  4. Regression and Correlation :- Draw scatter diagrams. Calculate product moment and rank correlation measures Calculate simple linear regression coefficients and predict values of the dependent variable.

  5. Data Analysis :- Apply spreadsheets methods to 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 Continuous 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 Semester 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 Tutorial 1 Weekly 1.00
Independent Learning UNKNOWN Student activity not timetabled 4 Weekly 4.00
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.

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

Provides students with all the tools they need to pass the typical Quantitative Methods course. This title includes chapters that focus on a selection of statistical techniques, illustrated with examples from across business, marketing, economics, finance, and public administration, that may appeal to students across the business spectrum.

Required Reading
2014 Statistics for Business and Economics Pearson College Division
ISBN 032182623X ISBN-13 9780321826237

"This twelfth edition of Statistics for Business and Economics is an introductory text emphasizing inference, with extensive coverage of data collection and analysis as needed to evaluate the reported results of statistical studies and make good decisions. As in earlier editions, the text stresses the development of statistical thinking, the assessment of credibility, and the value of the inferences made from data, both by those who consume and those who produce them. It assumes a mathematical background of basic algebra." --xi (Preface).

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
http://itsligo.learnonline.ie/course/view.php?id=131
Other Resources

Access to computer with MS Excel 2007 or later

Additional Information

This 5 credit module is intended to follow on from the MATH06039 as part of the 10 credit requirement for Business Studies degrees.