Quantitative methods for business systems
K B G Luxford
6 points
* Two 1-hour lectures and one 1-hour tutorial per week
*
First semester
* Clayton
* Prohibitions: ECM1020, ECM1640
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 and 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, use of probability distributions, sampling theory, estimation, hypothesis testing, analysis of variance, regression analysis and in the use of indices.
Assessment Formal examination in which 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 (2
hours): 50%
* Two mid-semester tests (each 25%): 50%
Prescribed texts
Harrison S R and Tamaschke H U Statistics for business, economics and management Prentice-Hall, 1993
Luxford K B G Quantitative methods for business systems Dept Business Systems, Monash U, 1995
Recommended texts
Spiegel M R Statistics: Schaum's `Outline series' McGraw-Hill, 1992
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