Stats Course Outline
AB1202 – Statistics and Quantitative Methods
Nanyang Business School
AB1202 – STATISTICS AND QUANTITATIVE METHODS
Academic Year
: 2014– 2015
Course Coordinator
: Chin Chee Kai
Pre-requisites
: -
No. of AUs
Semester : S1
: 3
Course Description and Scope
In almost every form of business, we routinely deal with uncertain business outcomes, risky decisions, unknowable parameters, imprecise opinions and measurements, and most importantly, the elusive element called “chance”. A firm mastery of statistics and quantitative methods will, thus, provide foundation to deal more intelligently in these situations.
In AB1202, we will examine concepts, theory and quantitative methods of applications to statistics, especially when applied in business situations. As a first course in statistical study, the emphasis will be on broad coverage of important statistical concepts, and sufficient depth to allow for creative applications of topics to new business situations.
Provision is also made to expose students to use of advance calculator features and computer software such as spreadsheets. Ability to exploit these computational tools will lift the student’s ability to deal with more conceptually complex problems in which precise calculations and mechanical applications of formulas will be relegated to calculators and computer software.
Course Learning Objectives
At the end of the course, students should have mastered the syllabus topics, which cover fundamental probability and statistical concepts, theory, solution methods and application areas,. Students will also learn to infer from the quantitative results to give a real-life interpretation to what the numbers mean, and how the results impact the decisions.
Learning & Teaching Methods:
One 1.5-hour lecture starting in first week, and one 1.5-hour tutorial session per week starting in second week.
Students must read the assigned chapters and pages ahead for each
Nanyang Business School
AB1202 – STATISTICS AND QUANTITATIVE METHODS
Academic Year
: 2014– 2015
Course Coordinator
: Chin Chee Kai
Pre-requisites
: -
No. of AUs
Semester : S1
: 3
Course Description and Scope
In almost every form of business, we routinely deal with uncertain business outcomes, risky decisions, unknowable parameters, imprecise opinions and measurements, and most importantly, the elusive element called “chance”. A firm mastery of statistics and quantitative methods will, thus, provide foundation to deal more intelligently in these situations.
In AB1202, we will examine concepts, theory and quantitative methods of applications to statistics, especially when applied in business situations. As a first course in statistical study, the emphasis will be on broad coverage of important statistical concepts, and sufficient depth to allow for creative applications of topics to new business situations.
Provision is also made to expose students to use of advance calculator features and computer software such as spreadsheets. Ability to exploit these computational tools will lift the student’s ability to deal with more conceptually complex problems in which precise calculations and mechanical applications of formulas will be relegated to calculators and computer software.
Course Learning Objectives
At the end of the course, students should have mastered the syllabus topics, which cover fundamental probability and statistical concepts, theory, solution methods and application areas,. Students will also learn to infer from the quantitative results to give a real-life interpretation to what the numbers mean, and how the results impact the decisions.
Learning & Teaching Methods:
One 1.5-hour lecture starting in first week, and one 1.5-hour tutorial session per week starting in second week.
Students must read the assigned chapters and pages ahead for each