MATHEMATICS AND STATISTICS FOR BUSINESS (6 SCU)

Learning Outcomes:

The course is divided into two parts: Business Mathematics and Business Statistics. Upon completion of the Business Mathematics part, students are expected to be able to: explain basic concepts of arithmetic, algebra, financial mathematics, fundamental calculus; apply appropriate approaches and methods to solve common problems in financial mathematics; and apply appropriate mathematical approaches and methods to solve common problems in business and management areas.

Upon completion of the Business Statistics part, students are expected to be able to explain and apply basic techniques to present and summarize data using descriptive statistics; explain and apply basic concepts of probability and sampling distributions; explain and apply basic techniques in hypothesis testing of one and two samples; and utilize the interpretation of statistical analysis results in decision-making by SPSS.

Topics:

This course is designed for business management students and introduces the basic concepts of mathematics and statistics for business decision-making. The topics covered in this course include fundamental mathematical and statistical concepts. Mathematical concepts covered will include mathematical equations, functions and graphs, mathematics for finance, fundamental of calculus; statistical concepts include descriptive statistics, basic probability theory, normal probability distributions, inference of means, hypothesis testing, test of goodness of fit and regression analysis.

Pre-requisite(s): None