| Module Code | CAM 201-BM |
| Module Title | Business Statistics |
| Prerequisites | None |
| Assesment Weightage | Exam : 100% |
| Textbook |
Morris C,(1996), Quantitative Approached in business studies, Pitman
|
Module Aims
This module will introduce the basic concepts and methods of statistics, as applied to business and computing. Students will use a spreadsheet for data analysis and routine calculations.
Module Objectives
On successful completion of this course, the student should be able to:
- Perform simple statistical analyses (see below) making appropriate use of software.
- Interpret and evaluate statistical analyses performed by others
Module Contents
- Sources of Data – sampling.
- Diagrammatic Representation of Data – tables, histograms, scatter plots
- Averages and Measures of Dispersion
- Using Computer packages to aid data analysis
- Correlation and Regression
- Probability, Conditional Probability
- Probability Distributions – the normal distribution, the Poisson distribution
- The Concepts of Statistical Significance and Confidence Intervals
- Simple Applications of Bayes Theorem
