MA10214: Quantitative methods

[Page last updated: 03 August 2022]

Owning Department/School: Department of Mathematical Sciences
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Certificate (FHEQ level 4)
Period:
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
• Examination (EX 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module 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.
Learning Outcomes: 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.

Aims: To teach the basic ideas of probability, data variability and hypothesis testing, and the application of these ideas in management.

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
• UMMN-ANB07 : BSc(Hons) Business with Thin sandwich placement(s) (Year 1)

 Notes: This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23. Programmes and units are subject to change in accordance with normal University procedures. Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules. Find out more about these and other important University terms and conditions here.