Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Topics covered include: The processes of modelling and analysis as a basis for decision making. Solution of linear systems, introduction to linear programming and its applications. Statistics: collection, presentation and interpretation of data, including time series data; simple linear regression and correlation. Probability, random variables and their distributions, application to decision-making under uncetainty. Populations and samples: sampling distribution of the sample mean; interval estimation and hypothesis testing for a population mean and proportion and for the difference between two means and proportions.

Objectives

At the completion of this unit students will be able to:

• use some of the basic mathematical and statistical techniques applicable to analysis of business problems and to making decisions based on such analysis;
• implement these techniques using spreadsheet software and linked analysis tools.

Assessment

Examination (3 hours): 60%; In-semester assessment: 40%

Chief examiner(s)

Dr Philip Rayment

Contact hours

1 hr lecture/wk, 1 hr laboratory/wk, 1 hr tutorial/wk

Prohibitions

MAT1060, MTH1210, ETX1642, GAS1751, STA1010, ETW1102

Additional information on this unit is available from the faculty at:

http://www.infotech.monash.edu.au/units/mat1097