GAS1751

Quantitative methods 1

(SCI)

Dr Alistair Carr, Associate Professor Philip Rayment

6 points + First semester + 2 hours lectures and two 1-hour tutorials per week + Gippsland/Distance + Prohibitions: MAT1060, ETX1642

Synopsis: Topics covered include functions and their graphs, exponential and logarithmic functions. Solutions of systems of linear equations and inequations and their applications. Financial calculations relating to simple and compound interest, annuities, amortisation, sinking funds and equations of value. Statistics - collection, presentation and interpretation of data; population distributions, the normal distribution; the sampling distribution of the sample mean; statistical inference - interval estimation for a population mean, choosing the sample size, testing a hypothesis about a population mean and the difference between population means; simple linear regression.

Assessment: Assignments and class test: 40% + Examination: (3 hour): 60%