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Information and Communications
Technology Qualifications
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| Prescription: MB500 (MB100)Mathematics for Business & Computing |
| Aim of Module | Students will gain an understanding of the mathematics involved in a range of business and computing applications.
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| Credits | 7
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| Student Learning hours | 70
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| Content Revised | 1998
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| Prescription Expiry Date | Nov 2005
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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. |
CONTENT
| | | | > | Examples of the situations in which each depreciation method is used.
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| | | | > | 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.
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| | | | > | 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.
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| | | | > | Valid propositions; statements involving and, or, not, implication, converse, equivalence and contrapositive truth tables.
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| | | | > | Models include; eg payback period, net present value, and internal rate of return.
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| | | | Note | | LEARNING RESOURCES | | | | | > | Suggested Textbooks: | | | | | > | Applied Business Maths (1990), Paula Roberts, Pitman | | | | | > | Business Mathematics and Statistics, Peter Waxman, Prentice Hall |
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