Course overview
The aim of this course is to develop students' mathematical and statistical skills and a knowledge of the use and relevance of those skills in business and management. Business Mathematics and Statistics for decision making: time value of money and net present value calculations with applications, working with equations and graphs of straight lines, linear programming, quantitative research principles in collecting, summarising and displaying business data, index numbers, relations in categorical data, measures of association, fitting straight lines, elementary probability concepts, the normal distribution and its business applications, elementary estimation and hypothesis testing, elementary decision making with Excel spreadsheets.
Course learning outcomes
- Understand the basis and role of quantitative information for decision making in business and management.
- Perform basic mathematical calculations and manipulations, apply descriptive statistical methods and interpret the results.
- Use Excel to carry out calculations and produce diagrams for decision making in business.
- Demonstrate business enterprise skills: i) Problem solving (foundation level); and ii) Written communication (foundation level).
Degree list
The following degrees include this course