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9780273607656

Foundation Quantitative Methods for Business

by ;
  • ISBN13:

    9780273607656

  • ISBN10:

    0273607650

  • Format: Paperback
  • Copyright: 1996-10-01
  • Publisher: Ft Pr

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Supplemental Materials

What is included with this book?

Summary

Students of business and management are expected to have basic numerical skills from GCSE maths. Often, these skills are forgotten in the two years or so between GCSE maths and the commencement of a degree. The aim of this text is to help students bridge the gap between school and university and to ensure that not only are the appropriate quantitative skills developed, but also that the student develops an understanding of the role of QM in a modern business environment. The text uses diagrams, illustrations and graphs from the real world to illustrate the application of techniques. Examples of output from common business software (Lotus, SuperCalc, Minitab etc) are included.

Table of Contents

Preface ix
Introduction
Learning objectives
2(9)
Information and decision-making
3(1)
Approach of the text
4(1)
Organization of the text
5(1)
Computers
6(1)
Terminology and vocabulary
6(5)
Summary
11(1)
Self-review questions
11(1)
Student exercises
11(2)
Tools of the Trade
Introduction
13(1)
Chapter structure
13(66)
Numbers
14(4)
Basic arithmetic
18(7)
Rounding
25(5)
Estimating
30(3)
Negative numbers
33(5)
Fractions
38(7)
Decimals
45(5)
Percentages
50(4)
Powers, exponents and scientific notation
54(4)
Symbols and equations
58(11)
Roots of numbers
69(2)
Logarithms
71(5)
Other mathematical operators
76(3)
Summary
79(1)
Solutions to self-assessments
80(1)
Data Collection and Data Sources
Introduction
81(1)
Learning objectives
81(14)
Stages in data collection
82(5)
Sampling methods
87(5)
Applications in business and management
92(1)
Data sources
93(2)
Summary
95(1)
Example
95(3)
Self-review questions
98(1)
Student exercises
98(2)
Tables in Business
Introduction
100(1)
Learning objectives
100(29)
Data and information
101(1)
The use of tables
102(2)
Constructing a table
104(4)
Other types of table
108(8)
Using complex tables
116(3)
Frequency tables
119(10)
Summary
129(1)
Example
129(2)
Self-review questions
131(1)
Student exercises
131(6)
Computer exercises
137(1)
Business Diagrams
Introduction
138(1)
Learning objectives
138(33)
Tools of the trade
139(7)
The need for diagrams in business
146(1)
Line graphs
147(6)
Bar charts
153(10)
Pie charts
163(3)
Scatter diagrams
166(3)
Using the different diagrams
169(2)
Summary
171(1)
Example
171(2)
Self-review questions
173(1)
Student exercises
174(2)
Business Diagrams: Histograms
Introduction
176(1)
Learning objectives
176(16)
Histograms
177(2)
Histograms with unequal intervals
179(4)
Frequency polygons
183(4)
Ogives
187(3)
Percentiles
190(2)
Summary
192(1)
Example
192(3)
Self-review questions
195(1)
Student exercises
196(4)
Management statistics
Introduction
200(1)
Learning objectives
200(37)
The need for statistics
201(1)
Averages
202(2)
Variability
204(6)
Skewness
210(1)
Using the statistics
211(3)
Statistics for aggregated data
214(9)
Populations and samples
223(1)
Weighted averages
223(2)
Index numbers
225(12)
Summary
237(1)
Example
237(4)
Self-review questions
241(1)
Student exercises
241(3)
Dealing with uncertainty in business
Introduction
244(1)
Learning objectives
244(40)
Probability and its terminology
245(2)
Measuring probability
247(2)
Laws of probability
249(5)
Some business examples
254(4)
Probability trees
258(3)
Expected value
261(3)
Probability distributions
264(3)
The binomial distribution
267(7)
The normal distribution
274(10)
Summary
284(1)
Example
285(3)
Self-review questions
288(1)
Student exercises
288(4)
The Principles of Market Research and Statistical Inference
Introduction
292(1)
Learning objectives
293(30)
Samples and populations
294(1)
The sampling distribution
295(9)
Confidence intervals
304(8)
Confidence intervals with percentages
312(1)
An introduction to hypothesis testing
313(6)
Other aspects of tests
319(2)
Tests on means
321(2)
Summary
323(1)
Example
324(2)
Self-review questions
326(1)
Student exercises
326(3)
Business Mathematics: Linear Equations and Graphs
Introduction
329(1)
Learning objectives
329(19)
Functions
330(1)
Linear equations
331(1)
Graphing a linear equation
331(4)
Parameters of a linear equation
335(4)
Equations from graphs
339(2)
Sets of linear equations
341(7)
Summary
348(1)
Example
349(1)
Self-review questions
350(1)
Student exercises
351(2)
Business Mathematics: Non-Linear Functions and Calculus
Introduction
353(1)
Learning objectives
353(30)
Quadratic functions
354(1)
Graphing a quadratic equation
355(5)
Parameters of a quadratic equation
360(1)
The turning point of a quadratic function
361(1)
The roots of a quadratic function
362(1)
Finding the turning point
363(3)
Sets of quadratic equations
366(6)
Other types of non-linear equations
372(1)
Differential calculus
373(7)
Finding the turning point using differential calculus
380(3)
Summary
383(2)
Example
385(1)
Self-review questions
386(1)
Student exercises
387(2)
Business Forecasting: Simple Linear Regression
Introduction
389(1)
Learning objectives
389(17)
Forecasting in business
390(1)
Simple linear regression
391(4)
Line of best fit
395(1)
Calculating the line of best fit
395(4)
Forecasting with the regression line
399(2)
The correlation coefficient
401(4)
Summary of simple linear regression
405(1)
Summary
406(1)
Example
407(7)
Self-review questions
414(1)
Student exercises
414(3)
Business Forecasting: Time Series Analysis
Introduction
417(1)
Learning objectives
417(18)
Seasonal variation
418(2)
Time series models
420(1)
Calculation of the trend
421(3)
Calculation of the seasonal variations
424(3)
Summary of method
427(1)
Seasonally adjusted series
428(1)
Using monthly data
429(1)
Additive and multiplicative models
430(2)
Summary of method
432(1)
Forecasting a time series
433(2)
Summary
435(1)
Example
436(5)
Self-review questions
441(1)
Student exercises
442(6)
Business Mathematics: Financial Decisions
Introduction
448(1)
Learning objectives
448(17)
Investments, return and interest
449(1)
Simple and compound interest
450(5)
Nominal and effective interest
455(1)
Discounting
456(1)
Time and preference
457(2)
Present value
459(2)
Investment appraisal
461(4)
Summary
465(1)
Example
465(4)
Self-review questions
469(1)
Student exercises
469(2)
Postscript
471(20)
Appendices
1 Answers to self-review questions
473(10)
2 Binomial distribution
483(6)
3 Areas in the tail of the normal distribution
489(2)
Index 491

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

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