Department of Mathematical Sciences, Unit Catalogue 2011/12 |
|
 Credits:
| 6 |
| Level:
| Certificate (FHEQ level 4) |
| Period: |
Semester 2 |
| Assessment:
| EX 100% |
| Supplementary Assessment: | MA10214 Mandatory extra work (where allowed by programme regulations) |
| Requisites:
| Before taking this unit you must take MA10213. This course is designed to follow on from MA10213, providing the statistical framework for a more formal analysis of common statistical problems in Business. |
| Description:
| Aims: To teach the basic ideas of probability, data variability and hypothesis testing, and the application of these ideas in management. Learning Outcomes: Objectives: Students should be able to formulate and solve simple problems in probability including the use of Bayes' Theorem and Decision Trees. They should recognise real-life situations where variability is likely to follow a binomial, Poisson or Normal distribution and be able to carry out simple related calculations. They should be able to obtain interval estimates for population means, standard deviations and proportions, and to carry out a hypothesis test and understand the basic idea of statistical significance. Skills: Statistical skills (taught and assessed). Content: The laws of Probability, Bayes' Theorem, Decision Trees. Binomial, Poisson and Normal distributions and their applications; the relationship between these distributions. Different types of sample; sampling distributions of means, standard deviations and proportions. Confidence intervals and hypothesis testing; types of error, significance levels and P values. Power. Quality control: Acceptance sampling and Shewhart charts. |
| Programme availability: |
MA10214 is Compulsory on the following programmes:School of Management
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