Course Features

  • Lectures 0
  • Quizzes 0
  • Duration 0 week
  • Students 0
  • Assessments Yes

Categorires

0 Review
0 student

OBJECTIVES

To gain understanding on the fundamental concepts of mathematics and statistics and its application in business decision making

Learning Aims

The syllabus aims to test the student’s ability to:

  • Understand the basic concepts of basic mathematics and statistics
  • Identify reasonableness in the calculation
  • Apply the basic concepts as an effective quantitative tool
  • Explain and apply mathematical techniques
  • Demonstrate to explain the relevance and use of statistical tools for analysis and forecasting

SECTION A: FUNDAMENTALS OF BUSINESS MATHEMATICS [40 MARKS]

  •  Arithmetic
    • Ratios, Variations and Proportions
    • Simple and Compound interest
    • Arithmetic Progression and Geometric Progression
  • Algebra
    • Set Theory
    • Indices and Logarithms (basic concepts)
    • Permutation and Combinations (basic concepts)
    • Quadratic Equations (basic concepts)

SECTION B: FUNDAMENTALS OF ETHICS [30 MARKS]

  • Statistical Representation of Data
    • Diagrammatic representation of data
    • Frequency distribution
    • Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart
  • Measures of Central Tendency and Dispersion
    • Mean, Median, Mode, Mean Deviation
    • Range, Quartiles and Quartile Deviation
    • Standard Deviation
    • Co-efficient of Variation
    • Karl Pearson and Bowley’s Coefficient of Skewness
  • Correlation and Regression
    • Scatter diagram
    • Karl Pearson’s Coefficient of Correlation
    • Regression lines, Regression equations, Regression coefficients
  • Probability
    • Independent and dependent events; Mutually exclusive events
    • Total and Compound Probability; Baye’s theorem; Mathematical Expectation
Curriculum is empty

0.00 average based on 0 ratings

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%
X