Authorised by Academic Registrar, April 1996
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; 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 and probability distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and indices.
Assessment 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, within a formal examination of 2 hours duration (50%) and two mid-semester tests (each 25%).