The unit will cover applications of mathematics and statistics. The mathematics component consists of business applications of percentages, depreciation methods and calculations and break-even analysis with business related problems. The statistics component consists of both descriptive and inferential statistics. It includes the collection, presentation and analysis of data, probability, forecasting, indices and hypothesis testing.
|1.||Apply basic mathematical computation techniques to formulate solutions to business related mathematical problems including application of percentages and depreciation;|
|2.||Conduct break even analysis using both graphical and algebraic approaches;|
|3.||Work independently and collaboratively in teams to collect relevant data, analyse and evaluate data using descriptive and inferential statistical methods and solve probability problems;|
|4.||Advise the appropriate statistical analysis technique to solve a given business problem, and justify selection of that technique; and|
|5.||Conduct and analyse business forecasting using regression model and time-series analysis.|
|Test||Mathematics Online Quiz (150 words)||10%|
|Test||Weekly Statistics Quizzes (500 words)||15%|
|Case Study||Learning in the Work Place Simulated Group Assignment (850 words)||25%|
|Examination||Final Examination (1500 words)||50%|
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