Main topics of study:

Data Presentation and Collection:

• Frequency Distribution
• Frequency Tables
• Discrete or Continuous Data
• Histograms
• Frequency Polygon
• Frequency Curve
• Cumulative Frequency Curves
• Bar Charts and Pie Charts
• Lorenz Curve

Central Location and Dispersion:

• Notation
• Measures of Central Location
• Normal and Skewed Distribution
• Measures of Dispersion
• Coefficient of Variation

Regression and Correlation:

• Regression Analysis
• Correlation
• Spearman’s Coefficient of Rank Correlation
• Multiple Regression

Time Series and Forecasting:

• Time Series Analysis
• Moving Average
• Finding the Trend
• Finding and Eliminating the Seasonal Variation
• Forecasting: Time Series
• Forecasting: Exponential Smoothing

Probability:

• Probability Calculations
• Mutually Exclusive Events: OR Rule
• Venn Diagrams: Events Not Mutually Exclusive
• Independent Events: AND Rule
• Conditional Probability
• Decision Trees
• Expected Value
• Permutations and Combinations

Probability Distributions:

• Normal Distribution
• Standard Normal Distribution
• Binomial Distribution
• Poisson Distribution

Sampling and Tests of Hypotheses:

• Types of Sample
• Distribution of Sample Means
• Central Limit Theorem
• Confidence Intervals
• Tests of Hypotheses: Principles
• Tests of Hypotheses: Practice
• Student Distribution

Index Numbers:

• Constructing an Index Number
• Weighted Aggregate Index Numbers
• The Laspeyres (Base-Weighted) Price Index
• The Paasche (Current-Weighted) Price Index
• The Laspeyres (Base-Weighted) Quantity Index
• The Paasche (Current-Weighted) Quantity Index
• Changing the Base Year
• Price and Quantity Relative Index Numbers
• The Retail Price Index (RPI)

Time Value of Money:

• Simple and Compound Interest
• Discounting and Present Value
• Investment Appraisal
• Depreciation
• Annuities and Other Financial Instruments

Linear Programming and Break-Even Analysis:

• Linear Programming
• Solving the Linear Programme: Maximisation
• Solving the Linear Programme: Minimisation
• Break-Even Analysis

Calculus and Business Applications:

• Differentiation
• Turning Points
• Rules for Differentiation
• Applications of Differentiation
• Partial Differentiation
• Integration

Basic Mathematics:

• Whole Numbers, Fractions and Decimals
• Rounding-Off
• Percentages and Ratio
• Powers and Roots
• Simple Algebra
• Solving Equations
• Simultaneous Equations
• Inequalities
• Graphs and Functions
• Progressions

Reading List

Main Text:

Quantitative Methods for Business & Economics, Second Edition – Glyn Burton, George Carrol, & Stuart Wall (Financial Times-Prentice Hall, ISBN 0-273-65570-1)

Alternative Texts and Further Reading:

Statistics for Marketing & Business – R Galloway (Stanley Thomas)
A First Course in Statistics – D Booth (DP Publications)