Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should have become competent in using basic mathematical concepts fundamental to business practice; the use of spreadsheets in business problems; the use of techniques of financial mathematics; the use and interpretation of descriptive statistical techniques in business; the use of the time series techniques of indexing, deflating and forecasting; the application of basic concepts of probability distributions to business problems; effectively communicating the results of their analyses of problems.
Synopsis Spreadsheets; basic mathematics; financial mathematics, interest, depreciation, net present value, internal rate of return, annuities, loans; descriptive statistics, frequency distributions, location, dispersion; time series, indexes, forecasting; probability and probability distributions, binomial, normal.
Assessment Assignments: 20% + Examination (3 hours): 80%