MATH06075 2014 Business Maths and Statistics
Full Title
Business Maths and Statistics
Transcript Title
Bus Maths and Stats
Code
MATH06075
Attendance
N/A %
Subject Area
MATH - 0541 Mathematics
Department
BUS - Business
Level
06 - Level 6
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2014 - Full Academic Year 2014-15
End Term
9999 - The End of Time
Author(s)
Cillian OMurchu
Programme Membership
SG_BDIGI_B07 201400 Bachelor of Business in Digital Media Marketing
SG_BSALE_B07 201500 Bachelor of Business in Marketing and Sales
SG_BINTE_H08 201500 Bachelor of Business (Honours) in International Marketing and Languages
SG_BSALE_B07 201600 Bachelor of Business in Marketing and Sales
SG_BINTE_H08 201600 Bachelor of Business (Honours) in International Marketing and Languages
SG_BDIGI_B07 201800 Bachelor of Business in Digital Marketing
SG_BSALE_B07 201700 Bachelor of Business in Marketing and Sales
SG_BIMFR_H08 201900 Bachelor of Business (Honours) in Business in International Marketing with French
SG_BIMSP_H08 201900 Bachelor of Business (Honours) in Business in International Marketing with Spanish
SG_BDIGI_B07 201900 Bachelor of Business in Digital Marketing
SG_BSALE_B07 201900 Bachelor of Business in Business in Marketing and Sales
SG_BINTE_H08 201900 Bachelor of Business (Honours) in International Marketing and Languages
SG_BSALE_B07 202100 Bachelor of Business in Business in Marketing and Sales
SG_BINTE_H08 202100 Bachelor of Business (Honours) in International Marketing and Languages
SG_BINTE_H08 202200 Bachelor of Business (Honours) in International Marketing and Languages
SG_BSALE_B07 202200 Bachelor of Business in Marketing and Sales
Description
The subject is designed to give students a thorough grounding in mathematical techniques that are required to pursue other business modules. It aims to provide learners with the necessary skills to gather, organise, analyse and present data. It also aims 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.
Demonstrate competence in numerical operations and algebraic manipulation
2.
Perform calculations in financial mathematics
3.
Summarise and analyse statistical data
4.
Solve probability problems and be able to use normal tables
5.
Data Analysis using computers
Teaching and Learning Strategies
The student will engage with the content of the module through lectures and tutorials.
The student will develop and apply their learning through practical examples and exercise sheets.
Module Assessment Strategies
Continuous assessment during the semester.
Indicative Syllabus
1. Basic Mathematics: Use of electronic calculator, basic arithmetic operations, calculations involving percentages, fractions and ratios, roots and powers.Apply various algebriac techniques to business problems.
2. Data Presentation and Summarisation: Use various methods of representing data in tabular and graphical form. Calculate various measures of central tendency and variation.
3. Probability: Addition and multiplication laws of probability, conditional probability, problems involving the Normal distribution.
4.Financial Mathematics: Simple and compound interest, straight line and reducing balance methods of depreciation, investment evaluation, periodic payment necessary to repay a debt/mortgage over time, amortization schedule.
5.Data Aanalysis: Spreadsheets to generate charts & values obtained in the previous sections
Coursework & Assessment Breakdown
End of Semester / Year Formal Exam
100 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Continuous Assessment | Coursework Assessment | Assessment | 100 % | OnGoing | 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 | Not Specified | Independent Learning | 3 | Weekly | 3.00 |
Total Full Time Average Weekly Learner Contact Time 4.00 Hours
Module Resources
Non ISBN Literary Resources
Mustoe & Barry,2008,Foundation Mathematics
Curwin, Jon., Slater, Roger 2008, Quantitative Methods for Business Decisions , 6th ed., Cengage Learning
Francis, A., 2004, Business Mathematics and Statistics , 6 th ed., Thomson Learning
Lind, Douglas A., Marchal, William G., Wathen, Samuel A., 2003, Basic Statistics for Business and Economics, 4 th ed., McGraw-Hill Irwin
Owen, Frank, Jones, Ron 1994, Statistics, 4 th ed., Pitman
Reilly, James, 2006, Using Statistics , Gill & MacMillan
Smailes, Joanne, McGrane, Angela, 2000, Essential Business Statistics , Financial Times/Prentice Hall