School of Business

BM in Accounting and Finance (Special) Degree

Module Handbook

Module Basics

Module title Business Mathematics and Statistics II

Module code ACT 2302 Version 4
Year 2 Version date 1st November 2022
School Business Updated by: Anne Pathiranage

Module pathway
BSc in Business Management (Special) Degree

Module objectives

- To enhance the student’s confidence in the application of mathematics and statistics in

a business and ensure the understandability of statistical applications in business
decision making
- To encourage analytical and logical thinking in decision making

Learning outcomes
Learning outcome

LO01 Understand the difference between normal and non-normal populations

LO02 Understand how to establish normality

LO03 Further knowledge of hypothesis testing and confidence intervals

L004 Understand non-parametric testing

L005 Understand advance concepts of probability
L006 Comprehend advance topics in time series

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 L007 Understand basic Uniform and other useful distributions
L008 Compute Binomial probabilities
L009 Compute Poisson probabilities
L010 Understand Normal Probability

Module delivery

Name Email
Module leader/lecturer Anne Pathiranage anne.k@nsbm.ac.lk

Pre-requisites (i.e. modules/courses to complete prior to joining this module)

Obtain three passes from G.C.E Advance Level Examination

Delivery pattern

Credits Contact hours Independent study hours Total learning hours

3 45 15 60

Learning method

Lectures 2 hrs per week

Assessment
Details Weight (%)
Written (final) examination 3-Hour End-of-Term Examination 60%
Spot test 1 In-class spot test 15%
Spot test 2 In-class spot test 15%
Mid Quiz N-Learn Base quiz 10%

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 Session plan

Order Topic Discussion areas

1. Refreshing Session Recall most important facts in statistics

2. Normal Distribution Computing Probabilities Mean and Variance

3. Sampling distribution Central Limit Theorem

4. Introduction to Hypothesis Testing The steps involved in hypothesis testing and
the P-value
5. z - tests Boundaries in using it. Why is it useful?

6. t - tests Boundaries in using it. Why is it useful?

7. Tests for normality Visual interpretations and corroborating tests:

Shapiro-Wilks and Kolmogorov-Smirnov
tests
8. Non-Parametric Tests Wilcoxon and Mann-Whitney Tests
9. Analyzing categorical data Chi-square test for the difference between
proportions
Chi-square test of independence
10. Analysis of Variance One-way analysis of variance

11. Analysis of Variance Two-way analysis of variance

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 Rules and regulations (particularly applied to this module)

80% attendance for the in class lectures is required.

Recommended test books

• Berenson, M.L., Levine, D.M., Szabat, K. A., Watson, J., Jayne, N., and O’Brien, M.,
(2019), Basic Business Statistics: Concepts and Applications 5h ed Pearson Australia

Other resources

• Aaker, D, Kumar, V, Leone, R and Day, G (2016), Marketing Research, 12th edition, Wiley,
USA.
• Hair, J. F. Jr. et al., (2010), Multivariate Data Analysis: A Global Perspective, 7th Edition,
Pearson, USA.
• Hildebrand, D.K. and Ott, L., (1998), Statistical Thinking for Managers, Duxbury, Boxton.
Norusis, M.J., (2008), Guide to Data Analysis SPSS 16.0, NJ, Prentice Hall.
• Field, A., (2009), Discovering Statistics using SPSS, #rd Edition, Sage Publication, London.

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