Business mathematics and statistics
Mr Bruce Stephens
6 points
* one 2-hour lecture, one 1-hour tutorial and one 1-hour
microlab per week
* First, second semester
* Caulfield, Peninsula
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; financial mathematics, interest, depreciation, net present value, internal rate of return, annuities, loans; descriptive statistics, frequency distributions, location, dispersion; simple linear regression and correlation; time series, forecasting; indexes; probability and probability distributions, binomial, normal.
Assessment Assignments/tests: 30%
* Examination (3 hours): 70%
Prescribed texts
To be advised
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |