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Module

MAS1403 : Quantitative Methods for Business Management

  • Offered for Year: 2024/25
  • Module Leader(s): Dr David Walshaw
  • Lecturer: Dr Stuart Hall
  • Owning School: Mathematics, Statistics and Physics
  • Teaching Location: Newcastle City Campus
Semesters

Your programme is made up of credits, the total differs on programme to programme.

Semester 1 Credit Value: 10
Semester 2 Credit Value: 10
ECTS Credits: 10.0
European Credit Transfer System

Aims

To introduce students to the quantitative techniques necessary for modern business decision making.
To enable students to present data in an appropriate format.
To introduce students to the concept of uncertainty.

Outline Of Syllabus

Sampling methods; Data presentation - graphical methods and summary statistics; Probability ideas; Decision making; Probability distributions; Discrete and continuous distributions, e.g. Binomial, Poisson, Exponential and Normal; Estimation; Confidence intervals; Hypothesis testing; Goodness of fit tests; Regression; Forecasting; Resource Allocation; Market research and Quality control.

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Structured Guided LearningLecture materials221:0022:00Problem classes
Scheduled Learning And Teaching ActivitiesLecture181:0018:00tutorials/lectures
Guided Independent StudyAssessment preparation and completion301:0030:00N/A
Scheduled Learning And Teaching ActivitiesLecture22:004:00Revision lectures
Scheduled Learning And Teaching ActivitiesPractical41:004:00Computer practical
Scheduled Learning And Teaching ActivitiesDrop-in/surgery221:0022:00Office hour or discussion board activity
Guided Independent StudyIndependent study178:0078:00N/A
Guided Independent StudyIndependent study221:0022:00Non synchronous activities
Total200:00
Teaching Rationale And Relationship

The teaching methods are appropriate to allow students to develop a wide range of skills, from understanding basic concepts and facts to higher-order thinking. Lectures are used for the delivery of theory and explanation of methods, illustrated with examples, and for giving general feedback on marked work. Problem classes are used to help develop the students' abilities at applying the theory to solving problems.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Exams
Description Length Semester When Set Percentage Comment
Digital Examination1502A60N/A
Other Assessment
Description Semester When Set Percentage Comment
Prob solv exercises1M10N/A
Computer assessment1M5CBAs
Prob solv exercises2M10N/A
Computer assessment1M5CBAs
Computer assessment2M5CBAs
Computer assessment2M5CBAs
Assessment Rationale And Relationship

The coursework in each semester consists of a written assignment counting for approximately 10% and approximately three computer based assessments of equal weight counting for approximately 10% in total. The written assignments and CBA are designed to ensure that the students are following the module and to give feedback on how well they are coping. The exam tests a student's ability to apply the theory to relevant questions.

Reading Lists

Timetable