Business Mathematics and Statistics Dr. Saman Attiq Course Objectives This course is designed to provide the non- science/ mathematics/ business students an intense foundational introduction to the fundamental concepts in Statistics and Mathematics. The main objectives of the course are to enhance students competency in application of statistics and mathematical concepts to solve business management problems and to improve their level of quantitative sophistication for further advanced business analysis. Learning Outcomes The non- science/ mathematics/ business student should have mastered and demonstrated the following quantitative skills after completing this course: The student is able to understand the significance of the connection between statistics and its applicability to the real world to create, read, and interpret graphs, charts, histograms, and diagrams to understand their applicability to surveys to understand and use the basic measure of central tendency, dispersion and normal distribution to collect, organize, and represent data, and be able to recognize and describe relationships to understand the hypotheses testing and its significance of statistics to understand the concept of estimation, error, precision, and accuracy in interpreting the results of such measurements to understand and use the language of probability to demonstrate several approaches to basic problem solving and implement those strategies to perform operations on matrices and apply them Marks Distribution A. Mid-Term Evaluation = 1 + 2 + 3 = 60 marks 1. Mid-Term = 30 marks; 2. Quiz = 10 marks; 3. Assignments = 20 marks B. Final Exam = 90 marks Total = Mid-Term + Final Exam = 60 + 90 = 150 marks Recommended Books: 1. Levin I. Richard. Statistics for Management, (Latest Edition); McGraw Hill 2. Budnick. Mathematics for Business Economics and Social Science (Latest Edition) 2
I. Fundamentals of Business Statistics 60 % II. Fundamentals of Business Mathematics 40 % Course Contents Weeks Topics Quiz & Assignment
Week 1 Introduction to Statistics Statistical Data and its Graphical Representation Frequency Distribution General Charts & Graphs
Week 2 Descriptive Statistics Central Tendency Measures
Week 3 Descriptive Statistics Measures of Dispersion/Variation & Measures of Position/Distribution