Module Delivered in

Programme CodeProgrammeSemesterDelivery
BN_BBSIT_8Bachelor of Business (Honours) in Information Technology [240 ECTS credits]1Mandatory
BN_BBSIT_DBachelor of Business in Information Technology [180 ECTS credits]1Mandatory

Short Title:Business Maths & Statistics 1
Full Title:Business Maths & Statistics 1
Module Code:BSIT H1012
 
NFQ Level:6
 
ECTS Credits:5
Module Contributor:Colm McGuinness
Description:Module Aims: - To provide an appropriate level of understanding and practical experience in the area of mathematical and statistical techniques relevant to business. - To develop analytical problem solving skills.
Learning Outcomes:
On successful completion of this module the learner will be able to
  1. Understand how to work with quantitative and qualitative data - Covering collection, analysis and methods for presentation
  2. Understand and know how to carry out basic financial mathematics calculations
  3. Be capable of applying techniques learned using modern computer packages
 

Module Content & Assessment

Indicative Content
  • Basic Arithmetic
    Mathematical notation Sigmas Accuracy Rounding Equation of a line and understanding of slope Use of a calculator Absolute and relative error Percentages Calculation order (BOMDAS) Basic manipulation of equations (reverse BOMDAS)
  • Data Presentation
    Sampling techniques Bias Sample size Basic questionnaire design Collection Classification of data Primary and secondary data Continuous and discrete data Graphical and tabular representation of data Histograms, polygons and curves Simple and grouped frequency distributions Class boundaries, widths, mid-points, scaling factors, scaled frequency, cumulative frequencies, percentage frequencies Cumulative and percentage frequency distributions Non-numeric frequency distributions and charts
  • Analysis of Data
    Averages, mean, median and mode of grouped and ungrouped data Diagrammatic determination of the median and other quantiles, and the mode Measures of dispersion, standard deviation, range, inter-quartile range, mean absolute deviation, coefficient of variation Concept of skewness
  • Index Numbers
    Construction and use of index numbers Conversion between index relatives Laspeyres and Paasche composite indices Real value index and deflation of data
  • Financial Mathematics
    Time lines Simple and compound interest formulae Straight line and reducing balance depreciation formulae Compounding and discounting APR, nominal and per period interest rates Simple time value of money using compound interest formula Annuities.
Assessment Breakdown%
Course Work30%
End of Semester Formal Examination70%
 Outcome addressed% of totalAssessment Date
Formal End-of-Semester Examination1,270%Semester End
Indicative Coursework Breakdown
TypeDescriptionOutcome addressed% of totalAssessment Date
Practical/Skills EvaluationStudents will be required to complete a practical exam using a spreadsheet application (eg Excel).1,2,315Week 11
Open-book ExaminationStudents will be required to complete ongoing practice questions.1,215Every Week
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

ITB reserves the right to alter the nature and timings of assessment

 

Indicative Module Workload & Resources

WorkloadFull-time
TypeDescriptionHoursFrequencyAverage Weekly Learner Workload
LectureLecture3Every Week3.00
LabDelivery of spreadsheet learning outcome content1Every Week1.00
Independent LearningPersonal study, and ongoing CA questions4Every Week4.00
Indicative Total Weekly Learner Workload8.00
Indicative Total Weekly Contact Hours4.00
Resources
Recommended Book Resources
  • Andre Francis,, Business Mathematics and Statistics [ISBN: 1-844-80128-4]
  • J. O. Bird, A. J. C. May 1994, Technician mathematics 1, Longman Scientific & Technical Harlow [ISBN: 0-582-23426-3]
Supplementary Book Resources
  • Jon Curwin, Roger Slater,, Quantitative Methods [ISBN: ISBN:1-861-52991-0]
  • Mark L. Berenson, David M. Levine, Timothy C. Krehbiel 2006, Basic business statistics, Pearson/Prentice Hall Upper Saddle River, N.J. [ISBN: 0-131-97581-1]
Other Resources
  • Website: Module Web Site
  • Studentshare: Local module resources (eg videos, and hyperlinked notes)