Quantitative Methods for Business

Course aim

To develop students’ mathematical and statistical skills and a knowledge of the use and relevance of those skills in business and management.

Course content

Business Mathematics and Statistics for decision making: time value of money and net present value calculations with applications, working with equations and graphs of straight lines, linear programming, quantitative research principles in collecting, summarising and displaying business data, index numbers, relations in categorical data, measures of association, fitting straight lines, elementary probability concepts, the normal distribution and its business applications, elementary estimation and hypothesis testing, elementary decision making with Excel spreadsheets.

Textbook(s)

Chiera, B., & Fewster-Young, N. (Eds.) 2021 2021, Quantitative Methods for Business, 3rd Edition (custom edition for the University of South Australia), Pearson Education, Australia

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 hour x 1 week
Seminar	2 hours x 10 weeks
Online (pre-recorded material)	1 hour x 10 weeks
Tutorial	2 hours x 10 weeks
INTERNAL, WHYALLA
Seminar	3 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	N/A x 10 weeks
INTERNAL, MT GAMBIER
Seminar	3 hours x 10 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Case study, Examination, Test/Quiz

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 1)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.