| Aim of Module | Students will gain an understanding of the mathematics involved in a range of business and computing applications. |
| Credits | 7 |
| Student Learning hours | 70 |
| Content Revised | 1998 |
| Prescription Expiry Date | Nov 2007 |
| Topics | Highest Skill Level | Suggested Assessment Percentage | |
| 1 Depreciation | A | 10 | |
| 2 Graphs & Statistics | A | 25 | |
| 3 Problem Solving | A | 25 | |
| 4 Logic | A | 20 | |
| 5 Cost Benefit Analysis | A | 20 | |
| 100 | |||
| LEARNING OUTCOMES The Student Will | ||
| The emphasis in this paper is the application of mathematics to business and computing. (ie. applied mathematics rather than pure mathematics) | ||
| A | 1 | Use straight line and declining balance methods to calculate the depreciable amount of an asset, and use a spreadsheet package to build an asset register. |
| A | 2 | Use a spreadsheet package to present raw data in an appropriate graphical format; |
| Give examples of the business use of graphs and statistics, and common misuse of these tools; | ||
| Use a variety of statistical functions to solve given problems and use a computer model to solve experimental probability problems. | ||
| A | 3 | Solve a variety of appropriate problems which are presented in mathematical or word format by developing equations, using formula transposition, or using linear programming techniques; |
| Use an appropriate variety of methods to carry out calculations using matrices and describe how an array may be used in data processing. | ||
| A | 4 | Use logic principles, symbols and terms to develop and represent logic statements and to check the validity of such statements. |
| A | 5 | Use a spreadsheet package to build various cost/benefit analysis models for typical business projects. |
| 1 | Depreciation |
| > | Examples of the situations in which each depreciation method is used. | |
| 2 | Graphs & Statistics |
| > | Descriptions of the stages of data collection, analysis and presentation. | |
| > | Calculations of the following types: mean, median, mode, standard deviations. Create stem & leaf diagrams for a set of data and group using box and whiskers. | |
| 3 | Problem Solving |
| > | Use appropriate equations and formulae to solve word problems. | |
| > | Matrix terms such as dimension, row vector, column vector and elements. | |
| > | Matrix multiplication, calculation of determinants and inverses of matrices. | |
| > | Solution of systems of linear equations using matrix methods. | |
| 4 | Logic |
| > | Valid propositions; statements involving and, or, not, implication, converse, equivalence and contrapositive truth tables. | |
| 5 | Cost Benefit Analysis |
| > | Models include; eg payback period, net present value, and internal rate of return. | |
| Note | ||
| LEARNING RESOURCES | ||
| > | Suggested Textbooks: | |
| > | Applied Business Maths (1990), Paula Roberts, Pitman | |
| > | Business Mathematics and Statistics, Peter Waxman, Prentice Hall | |