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Quantitative Managerial Decision-Making

starts 01.28 - 09:00
Hedy Broome, BSc, MSc

A sound understanding of the basic mathematics and statistics used in today’s business environment would be an asset to any person. This is a practical course which would be of benefit to individuals in commerce, industry, government and service operations who need to be familiar with mathematical calculations and who must make decisions based on numerical data.

Topics covered include:

  • Numeral Systems
  • Whole Numbers
  • Introduction to Common Fractions
  • Decimals
  • Introduction to Percentages
  • Base, Rate and Percentage
  • Percentage Calculations in Business
  • Introduction to Simple and Compound Interest
  • Sampling and Data Collection
  • Frequency Distribution Charts
  • Charts and Graphs
  • The Arithmetic Mean, Median and Mode
  • Measures of Dispersion and Skewness
  • The Standard Deviation
  • Linear Functions and Graphs
  • Regression Techniques
  • Time Series Model
  • Seasonal Variation and Forecasting