Course Details in 2017/18 Session

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Module Title LC Advanced Analytical Techniques for Business Birmingham Business School Birmingham Business School 07 26361 Rob Fleming Certificate Level 20 Full Term None Lecture-44 hours Seminar-22 hours Tutorial-1 hours Practical Classes and workshops-8 hours Guided independent study-125 hours Total: 200 hours The role of this module is to develop skills that students will require elsewhere on the programme and in business. The module consists of the following:Semester 1 concerns the application of mathematics to a range of finance, accounting and business problems, including savings accumulation, loan repayment, project evaluation, depreciation and linear programming, project planning and inventory control.Semester 2 is an introduction to Statistics: Descriptive statistics and frequency distributions. Discrete probability distributions; Continuous distributions: the Normal and exponential distribution. Interval estimation. Simple hypothesis testing. Correlation and simple regression.Also included is the use of relevant Excel functions and routines. By the end of the module students should be able to:Execute a range of financial calculations;Formulate and solve Linear Programming problems;Solve a basic inventory model;Calculate and comment upon summarising statistics and plot appropriate graphs and charts;Use and interpret discrete and continuous probability distributions;Apply the basic principles of hypothesis testing;Carry out simple correlation and regression analysis. 26361-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (60%) 26361-02 : Multiple Choice Test : Class Test (15%) 26361-03 : Excel Data Test : Class Test (25%) Assessments: 2 hour exam (60%), Coursework (1) Multiple Choice test (15%), Coursework (2) Excel data summary task in semester 2 (25%)Re-assessed by a 2 hour written exam (100%).