Module Identifier AC10410  
Academic Year 2007/2008  
Co-ordinator Mr Alan Jones  
Semester Semester 2  
Other staff Mrs Glenda Roberts  
Mutually Exclusive EC10910  
Course delivery Lecture   18 Hours. (18 x 1 hour lectures)  
  Seminars / Tutorials   6 Hours. (6 x 1 hour tutorials)  
  Practical   2 Hours. (2 x 1 hour computer practicals)  
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours (written examination)  80%
Semester Assessment continuous assessment  20%
Supplementary Exam2 Hours Written exam  100%

Learning outcomes

On completion of this module, a student should be able to:


1. STATISTICAL DIAGRAMS: pie charts; simple multiple and stacked barcharts; histograms; cumulative polygons; stem and leaf diagrams
2. SUMMARY MEASURES: minimum, maximum, median, quartiles, percentiles; five number summaries and box-and-whisker plots; mean and mode; variance and standard deviation; calculations from grouped data.
3. SCATTERPLOTS, REGRESSION AND CORRELATION : scatterplots; the idea of a line of best fit; importance of the mean point; least squares regression; the existence of two regression lines for bivariate data; correlation and its measurement; the (product moment) correlation coefficient; Spearman'r rank correlation.
4. PROBABILITY: definition and properties; unions and intersections; mutually exclusive events; the addition law; independent events; the multiplication law; equally likely outcomes; conditional probability; binomial probabilities.
5. LINEAR PROGRAMMING: equations of straight lines; formulating simple linear programming problems; feasible regions; the objective line; deducing the optimum.

The computer package MINITAB: introduction, producing and interpreting diagrams and tables, producing and interpreting summary measures; regression and correlation.


To introduce students to quantitative methods and to appreciate their importance in business.

Brief description

This module introduces statistical methods and the application of formal decision models in a business context, together with the use of statistical computer software. The software package MINITAB is used in practical classes.

Reading Lists

** Supplementary Text
Swift, Louise. (2001.) Quantitative methods for business, management and finance /Louise Swift. Palgrave 0333920759
** Consult For Futher Information
Croft, Anthony (1997.) Foundation maths /Anthony Croft, Robert Davison. Addison Wesley 0201178044
Curwin, J, and Slater, R, (1996) Quantitative Methods for Business Decisions 5/e. International Thomson Business Press 1861520271
Curwin, Jon (2000.) Improve your maths :a refresher course /Jon Curwin and Roger Slater. Business Press 1861525516


This module is at CQFW Level 4