Business mathematics and statistics
Ms Ann Maharaj
Distance Education
Objectives On completion of this subject students should have become competent in: using basic mathematical concepts fundamental to business practice; the use of spreadsheets in business problems; the use of techniques of financial mathematics; the use and interpretation of descriptive statistical techniques in business; the use of the time series techniques of indexing, deflating and forecasting; the application of concepts of probability distributions to business problems; effectively communicating the results of their analyses of problems.
Synopsis Spreadsheets; basic mathematics; financial mathematics, interest, depreciation, net present value, internal rate of return, annuities, loans; descriptive statistics, frequency distributions, location, dispersion; time series, indexes, forecasting; probability and probability distributions, binomial, normal.
Assessment Assignments: 40%. Examination (3 hours): 60%.
Prescribed texts
Anderson D R and others Statistics for business and economics Australian edn, Harper and Row, 1989