Quantitative methods for business systems
K B G Luxford
6 points * Two 1-hour lectures and one 1-hour tutorial per week * First semester * Clayton * Prohibitions: ECM1020, ECM1640
This subject is designed to give students an introduction to statistical and quantitative methods within a business-related framework; to provide students with a sound foundation for more advanced statistical and quantitative studies. The course will provide opportunities for the student to gain skills in the presentation of business and economic data, the use of frequency distributions, measures of central tendency and dispersion, principles of probability and probability distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and indices.
Assessment
Students will be assessed on their understanding of the subject by their ability to select the appropriate statistical method to solve problems typical of those found in business within a formal examination of 2 hours duration (50% and two mid-semester tests (each 25%).
Prescribed texts
Harrison S R and Tamaschke H U Statistics for business, economics and management Prentice-Hall, 1993
Recommended texts
Mansfield E Statistics for business and economics: Problems exercises and case studies 5th edn, Norton, 1994
Spiegel M R Statistics: Schaum's `Outline series' McGraw-Hill, 1992