Swinburne University of Technology - Melbourne Australia
Future Students - Courses
Duration
Contact Hours
Campus
Prerequisite
Corequisite
One Semester or Term
36 Hours
Hawthorn, Sarawak
at least a D in VCE mathematics unit or equivalent
Nil
Credit Points: 12.5 Credit Points
A unit of study in the Bachelor of Business (only available to students with a pass in VCE Mathematical Methods or equivalent). Note: Students may only receive credit for one of: HMA103, HMA104, HMB110, HMB111 or HMS102.
After completing this unit students should be able to: Solve financial problems concerning compound interest, mortgages, annuities, loans and investment Summarise quantitative and qualitative data in graphical and numerical forms Interpret cross-tabulations of two and three variables Calculate and interpret simple probabilities using tree diagrams and contingency tables using the ideas of mutually exclusive events, independent events and conditional probability Understand the concept of a random variable and the probability distribution of a random variable and calculate and interpret the expected value and standard deviation of a discrete random variable Understand and apply the basic properties of the normal probability distribution Find point estimates of population parameters using sample statistics Calculate and interpret confidence intervals for a mean and for a proportion. Carry out and interpret tests of hypotheses concerning population means and proportions from one population or from two populations, using a z-test or t-test, as appropriate Test for a relationship between two categorical variables using a Chi-square test Calculate and interpret coefficients of correlation and of determination Calculate the line of best fit for a set of bivariate data, test for the significance of the gradient and, if significant, use the line for prediction Analyse the time series using the multiplicative model, including fitting linear and exponential trend lines, deseasonalising using seasonal indices and forecasting Calculate index numbers using base period and current period
Lecture/seminars (2 hours), Tutorials (1 hour)
Assignment (15%), Test (25%), Examination (60%)
The graduate attributes which relate to this unit help to produce graduates who are: Capable in their chosen professional, vocational or study areas Entrepreneurial in contributing to innovation and development within their business, workplace or community Effective and ethical in work and community situations Adaptable and able to manage change Aware of local and international environments in which they will be contributing (eg socio-cultural, economic, natural)
Financial Mathematics Descriptive Statistics Introduction to Probability The Normal Distribution Sampling and Estimation Testing Hypotheses Correlation and Regression Time Series and Index Numbers
Comprehensive student notes will be available from the Swinburne bookshop. HMB110/HMB111 Quantitative Analysis Notes A specialist calculator will be required: the Texas TI-83, or approved equivalent.
Anderson, DR et al., Statistics for Business and Economics, Aust. edn, Artarman, Harper Educational Publishers, 1991.
