MATH06040 2016 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
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Aiden Bell
Programme Membership
SG_BEMBE_G07 201600 Bachelor of Business in Embedded award of BB Ab-initio L8 SG_BEMBE_G06 201600 Higher Certificate in Business in Embedded award of BB Ab-initio L8 SG_BBUSI_H08 201900 Bachelor of Business (Honours) in Business L8 (Ab-initio)
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 emphsis is on problem solving using a range of relevant mathematical methods.  Prospective students should have a sound foundation from second level mathematics courses in arithmetic, algebra and statistics and have completed the Business Math and Stats 1 module. Continuous assessments during the module are aligned with the learning outcomes and are designed to reinforce learning.

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.

Module Assessment Strategies

Normative assessment will be carried out three times during the programme.  This will happen every four weeks  Mathematical skill building will be summative.  All learning outcomes will be assessed at the end of the stage.  Assessment credit will be given for continuous participation in the programmed learning activities during the delivery of the programme module.

Module Dependencies

Prerequisites
MATH06039Use of MS Excel statistical and graphing functions
Co-requisites
Computer Applications modules that develope MS Excel skills
Incompatibles
MATH6011MATH6010

Indicative Syllabus

  1. Normal Distribution :- Define and calculate probabilities. Describe various probability distributions. Solve problems involving the Normal probability distributions. Fundementals 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 MS Excel :- Use arithmetic and logical expressions in Excel formulae.  Use statistical functions in Excel.  Apply spreadsheets methods to the previous sections

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
40 %
End of Semester / Year Formal Exam
60 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Open Book Exam Solve problems presented in written form Formative UNKNOWN - % Week 4 1
2 Project MS Excel applications of functions Formative UNKNOWN - % Week 8 4
3 Project MS Excel assignment Continuous Assessment UNKNOWN 10 % Week 6 1,2
4 Continuous Assessment Participation and Attendnace Continuous Assessment UNKNOWN 30 % OnGoing 1,2,3,4,5

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam Closed book Final Exam UNKNOWN 60 % End of Term 1,2,3,4,5
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Lecture Lecture Theatre Lecture 1 Weekly 1.00
Tutorial Flat Classroom Small group teaching 1 Weekly 1.00
Laboratory Practical Computer Laboratory MS Excel Applications 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

Module Resources

Non ISBN Literary Resources

Basic Statistics for Business and Economics. Lind, Marchal, Wathen.  5th Ed. 2006  McGraw Hill

Basic Business Statistics, Concepts and Applications. Berenson, Levine, Krehbiel. 9th Ed. 2004. Prentice Hall

IT, Sligo Library Book Catalogue - any suitable 1st course business maths or stats books

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.