GAS1751

Quantitative methods I

Basic mathematical concepts, functions and their graphical representation, exponential and logarithmic functions. Solutions of systems of linear equations and inequations; the graphical solution method to linear programming problems, formulation of LP models and introduction to available computer packages; arithmetic and geometric progressions; financial calculations relating to interest rates, premiums, bank discounts, annuities, amortisation and sinking funds; simple calculations of index numbers. Statistics -- nature of statistical investigations; collection, presentation and interpretation of data; measures of centrality and dispersion; population distributions, the normal distribution; the sampling distribution of the sampling mean; rules for calculation of probabilities; decision making under certainty, uncertainty and risk; introduction to simple linear regression; use of statistical package MINITAB.

Back to the 1999 Distance Education Handbook