It is essential to have a basic knowledge of a wide range of mathematical techniques in order to use business data effectively.

This course introduces and builds on a range of mathematical concepts and techniques. Students will be able to develop their analytical skills in order to make informed business decisions based on a wide range of data sources. The course also develops a student’s ability to present data in a meaningful and systematic way.

Learning Outcomes

Use a range of mathematical and statistical techniques and concepts

• Solve simple equations using the BODMAS rule
• Express numbers to a given number of significant figures
• Convert numbers into standard form
• Solve equations involving fractions
• Calculate percentages, ratios, and proportions
• Solve equations containing brackets
• Solve equations containing numbers with powers
• Calculate simple and compound interest
• Solve linear equations
• Draw and calculate the equation of straight lines
• Solve simultaneous equations
• Solve quadratic equations
• Draw and recognize non-linear graphs
• Change the subject of an equation or formula
• Manipulate surds

Describe and summarize data

• Distinguish between different types of data
• Present data using a variety of charts and graphs
• Calculate and interpret the mean, mode, median, standard deviation and quartiles of a data set

Apply the laws of probability to a range of scenarios

• Calculate probability using a number of methods
• Distinguish between mutually exclusive and independent events

Use data for the purposes of forecasting

• Understand and interpret time series graphs
• Calculate moving averages

 Study Language: this study program taught entirely in English.

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