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Course Code: C C M A 4 0 0 1
This course is designed to provide students with an introduction to statistical knowledge as applied to
business and daily situations and to equip them with the essential skills to identify and apply appropriate
techniques to solve problems. Students will be exposed to concepts such as sampling techniques,
graphical presentations, statistical measures, counting rules and classical probability distribution.
ILO1. distinguish between population and sample; apply the different sampling techniques to
select a sample;
ILO2. compute central tendency measures as the arithmetic mean, median and mode;
ILO3. compute dispersion measures as the range, interquartile range, standard deviation and variance;
ILO4. define probability of a simple event; correctly use the concepts of conditional, independent,
mutually exclusive events, and apply the multiplication and addition rules to perform
probability computations;
ILO5. compute binomial and Poisson probabilities, the expected value and standard deviation of a
binomial and Poisson experiment;
ILO6. compute probabilities for a normal distribution and determine normal scores from specific
probability requirements.
Syllabus
1. Data collection and sampling
l Data collection
l Taking a census
l Sampling
l Methods of selection a sample
l Simple random sample
l Systematic sampling
l Stratified sampling
2. Summarizing Data
l Dot Diagrams
l Stem-and-Leaf Displays
l Frequency Distributions
l Graphical Presentations
3. Statistical Descriptions
l Measures of Location
l The mean
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l The weighted mean
l The median
l The mode
l Measure of Variation
l The range
l The standard deviation
l Quartiles
l Box-and-Whisker Plots
5. Probability Distributions
l Random Variables
l Expectation
l Variance and Standard Deviation
Assessment
Assignments (20%)
Continuous Assessment (40%)
Written Test (20%)
This study source was downloaded by 100000851957669 from CourseHero.com on 09-07-2022 19:22:27 GMT -05:00
https://www.coursehero.com/file/40124964/CCMA4001-Quantitative-Analysis-I-v1pdf/
Pre-requisite(s)
Nil
1. John E. Freund & Benjamin M. Perles (2005), Statistics, A First Course, 8th edn, Prentice
Hall.
2. Levin & Rubin (2000), Statistics for Management, 7th edn, Prentice Hall.
3. Burton, Carrol & Wall (2000), Quantitative Methods for Business and Economics, 2nd edn,
Longman
15.06.2017
This study source was downloaded by 100000851957669 from CourseHero.com on 09-07-2022 19:22:27 GMT -05:00
https://www.coursehero.com/file/40124964/CCMA4001-Quantitative-Analysis-I-v1pdf/
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