316-130 Quantitative Methods 1

Note

Credit cannot be obtained both for this subject and for 316-129 Business Statistics or 617-141 Scientific Programming and Simulation or 619-100 Experimental Design and Statistical Analysis or 617-160 Scientific Programming and Statistics (1997 Handbook) or 620-141 or 620-160 (1998 Handbook). However, students who have passed 617-141 or 619-100 (1997 Handbook) or 620-141 or 620-160 (1998 Handbook) plus another first year mathematics subject may apply for an exemption from 316-130 Quantitative Methods.

Semester

Contact

Subject Description

Explanation and application of statistical and mathematical techniques which are used for decision making and analysis in business and economics. Measures of location and dispersion; probability, random variables and expected values; estimation and hypothesis testing using the normal and t distributions; differentiation and integration. Applications to accounting, economics and finance.

Assessment

A 2-hour end-of-semester examination (70%); assignments not exceeding 50 pages in total (20%); and a mark based on tutorial attendance and participation (10%).

Prescribed Texts

• Harrison SR and Tamaschke R H U, Statistics for Business, Economics and Management. Prentice Hall 1993.