Unit 5: Quantitative Techniques for Business
Use statistical techniques to collect and analyse data
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This unit develops the students' ability to deal with numerical and quantitative issues found in business. The student will be able to use statistical, graphical and algebraic techniques to address business problems using appropriate IT software where relevant. The reliable evaluation of numerical results, with and without the use of IT. will enable effective decisions to be made.
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Data collection
Primary & secondary sources, survey methodology -
Charts and graphs
Different uses of different graphs. -
Data collection
Sampling, questionnaire design -
Frequency (1)
Generation from raw data. Grouping and class boundaries. Irregular intervals -
Frequency (2)
Histograms and frequency polygons Calculation of mean, median, mode, from raw data and frequency distributions. Appropriate uses. Cumulative frequency tables and charts -
Frequency (3)
Calculation & use of inter quartile range, percentiles Standard deviation
Download and read the handouts.
HNC/HND Business Core Unit
5: Quantitative Techniques for Business : Study Text (2000) - Buy
it
Part of the HNC/HND business series, this text on quantitative techniques
features a blend of topic coverage and practice opportunities with
BTEC guidelines, key definitions, timed activities and assignments,
and topics for class discussion. It is suitable for both classroom
and individual study. Buy
it from amazon.co.uk
