Business mathematics and statistics
Ms Ann Maharaj
Distance
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 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/test: 30%
* Examination (3 hours): 70%
Prescribed texts
To be advised
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