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Course Detail Form

Postgraduate Unit, Faculty of Management, University of Peradeniya

Course Code MGT 5104

Course Title Business Mathematics and Statistics
Prof. S. Sivarajasingham (SS)
Panel of Lecturers Mr. A.M.A.S.M. Bandara (AB) [Lecturer in-charge]
Ms. Subagya Dasanayaka (SD)
Academic Year & Semester 2021/22 – Semester I
No of Credits 02
Day of the Week (Saturday or Sunday) Saturday
Time & Venue 8.30 am – 10.30 am
Status Compulsory/ Optional Compulsory
Pre-requisites NA
Maximum Number of Students Allowed NA
Assignment I – 10 marks
Assignment II – 10 marks
Method of Evaluation Class Test – 20 marks
End Semester Examination – 60 marks
Aim of the course
To provide students with knowledge in the fields of business mathematics and statistics encompassing
theories and applications in various business decision making environments.
Intended learning outcomes
At the successful completion of this course students should be able to:
• Evaluate the importance of mathematical and statistical applications in business decision making.
• Explain the applicable mathematical and statistical concepts for a given business problem.
• Interpret the results generated from various mathematical and statistical applications.
• Forecast future trends in business based on historical data.

Resource Continuous
Week Lecture Topic Person for Assessment
Lesson Schedule
1 Introduction to Business Mathematics and Statistics AB
2 Algebraic Functions AB
3 Progressions AB
4 Set Theories AB
5 Limits and Differentiation AB
6 Integration AB
7 Applications of Differentiation and Integration AB Class Test
8 Discounting, Compounding and Annuities SD
9 Organizing, Displaying and Interpreting Business Data SD
10 Measures of Central Tendency and Dispersion; SD Assignment I
11 Probability Theory SS
12 Discrete Probability Distributions SS
13 Continuous Probability Distributions SS
14 Time Series Analysis SS Assignment II
15 Correlation & Regression AB

Recommended Readings:
1. Bowerman, B., O'Connell, R., Murphree, E. & Orris, J.B., (2014), Essentials of Business Statistics, 5th
ed., Mc-Graw Hill Education, NY.
2. Clendenen, G. & Salzman, S.A., (2015), Business Mathematics, 3th ed., Pearson, NY.
3. Mcclave J.T., Benson P.G., Sincich T., (2018), Statistics for Business and Economics, Pearson.