BUS1100

Quantitative methods for business systems

J M Betts

6 points - Two 1-hour lectures and one 1-hour tutorial per week - First semester, Clayton - First, second semester, Sunway - Prohibitions: ECM1020, ECM1640

Objectives At the completion of this subject students should have been introduced to statistical and quantitative methods within a business-related framework and received a sound foundation for more advanced statistical and quantitative studies.

Synopsis This subject is designed to give students an introduction to statistical and quantitative methods within a business-related framework and 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, use of probability distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis, the use of indices and forecasting methods.

Assessment Formal examination in which 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 (2 hours): 50% - Two mid-semester tests (each 25%): 50% - Students must pass the examination in order to pass the subject

Prescribed texts

Harrison S R and Tamaschke H U Statistics for business, economics and management Prentice-Hall, 1993
Luxford K B G, Betts J M and Bedingfield S E Quantitative methods for business systems 4th edn, School of Business Systems, Monash U, 1999

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