Teaching Responsibility
LJMU Schools involved in Delivery:
Liverpool Business School
Learning Methods
Lecture
Workshop
Module Offerings
4001LBSBSC-JAN-MTP
Aims
This module provides an introduction to key numerical techniques used in the business world to aid decision making.
It aims to provide the mathematical and statistical foundations that are necessary in any area of business.
Learning Outcomes
1.
Describe a range of analytical and diagnostic quantitative methods and tools to aid decision making in business.
2.
Summarise quantitative data using packages such as Excel and SPSS.
3.
Recognise the importance of using spreadsheets and other statistical software for the purposes of problem solving.
4.
Summarise information from a questionnaire within a business case study context.
Module Content
Outline Syllabus:• Revision of mathematics (number operations, decimals/fractions/percentages, power and roots, etc.)
• Simple and compound interest, discounting, present value:
• Continuous compound interest rates;
• Introduction to repayment schemes (annuities and other financial instruments).
• Introduction to Probability:
• Measuring uncertainty; random variables;
• Conditional probability and independence;
• Discrete distributions (Binomial, Poisson);
• Continuous distributions (the Normal).
• Estimation and confidence intervals;
• Hypothesis testing (inferences on means and proportions);
• Correlation;
• Simple regression analysis
Module Overview:
This module introduces you to key numerical techniques used in the business world to aid decision making. It aims to provide the mathematical and statistical foundations that are necessary in any area of business.
This module introduces you to key numerical techniques used in the business world to aid decision making. It aims to provide the mathematical and statistical foundations that are necessary in any area of business.
Additional Information:This module provides an introduction to mathematical and statistical techniques required for the study of business.
Assessments
Portfolio