study guide Nov 2017.pdf - Module Study Guide Taylors...

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1 | P a g e Module Study Guide Taylor’s University Undergraduate Business Programs STA60104 Quantitative Methods for Business March Semester 2017
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2 | P a g e CONTENTS INTRODUCTION THE READING MATERIAL THE WEEKLY PROGRAM
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3 | P a g e INTRODUCTION Welcome to the subject of Quantitative Methods for Business. This course is dealing with the application of statistics and mathematics in solving business problems. There will be no prerequisites for this subject, even though you have struggled with mathematics or statistics in the past or have not taken any Mathematics subject in the pre-university, you still be able to do well in this course. Make use that all the resources at your disposal such as lecture notes, textbooks, tutorial questions and solutions to exercises. To prepare for your tutorial, read the material, attempt the exercise questions and keep notes on points of importance. Solutions will be available during tutorials, via TIMeS and in the main textbooks. Set up a regular weekly routine, keep an organize study timetable and spend at least 6- 8 hours a week for this subject. If you encounter any difficulty, do feel free to see your lecturer or tutors during his/her consultation hours.
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4 | P a g e THE READING MATERIAL Three primary sources of reading material for this course: 1. Main Textbook: Groebner D. F., Shannon P.W., Fry P. C., Smith K. D; Business Statistics - A Decision Making Approach; 9th Edition (International Edition) ; Prentice Hall. 2014. (GSFS) and “Chapter 3 and 5” of Barnett RA, Zieglar MR & Byleen KE, College Mathematics for Business, Economics, Life sciences, and Social Sciences, 12 th International Edition. Pearson Publication. 2011. ( BZB ) 2. The Weekly Program . These notes provide a condensed guide to the main ideas, formulas and themes for each week of study. 3. In addition, there is TIMeS. The course website also contains many valuable materials such as lecture overhead slides, and solutions to weekly tutorial exercises and tests.
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5 | P a g e THE WEEKLY PROGRAM
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6 | P a g e Quantitative Methods for Business Tutorial 1 Text: Groebner DF, Shannon PW, Fry PC, Smith KD, Business Statistics - A Decision Making Approach, 9 th Edition (International Edition). Prentice Hall. 2014. ( GSFS ) Chapter 2 Question 2.5 pp 51 Chapter 3 Question 3-1: Pg 104 Question 3-4: Pg 105 Question 3-28: Pg 117 Question 3-36 pg 117 Question 3-57 pg 126 Question 3-59 pg 126 Question 3-82 pg 133 Extra questions Question 3-26 Answers: (a) 5 (b) 3.1389, 1.7717 (c) 3.7667, 1.9408 Question 3-35 Question 3-58 Question 3.78 (do not do part f) Quantitative Methods for Business Tutorial 2 Text: Chapter 4 (GSFS) Tutorial Exercises Chapter 4: Question 4-30 pp 183 Question 4-32 pp 184 Question 4-33 pp 184 Question 4-41 pp 185 Question 4-73 pp 191
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7 | P a g e Extra questions: Question 4-8 Answers: a) 0.404 b) 0.158 c) 0.104 Question 4-9 Extra Practice Exercises 1. A small supermarket would like to know if the number of items purchased by a customer is dependent on the type of payment method the customer chooses to use.
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