MATH06075 2014 Business Maths and Statistics

General Details

Full Title
Business Maths and Statistics
Transcript Title
Bus Maths and Stats
Code
MATH06075
Attendance
N/A %
Subject Area
MATH - Mathematics
Department
BUS - Business
Level
06 - NFQ 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_BINTE_H08 201600 Bachelor of Business (Honours) in International Marketing and Languages SG_BMARK_C06 201600 Higher Certificate in Business in Marketing SG_BIMFR_H08 201900 Bachelor of Business (Honours) in Business in International Marketing with French SG_BIMGE_H08 201900 Bachelor of Business (Honours) in Business in International Marketing with German 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
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, 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.

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

Coursework & Continuous Assessment
100 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment Continuous 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