Module: Business Informatics

Module details

  • Module code

    1417
  • Module leader

    TBC
  • Module Level

    4
  • Module credits

    15
  • Min study time

    150 hours
  • Contact hrs

    36 hours

Module content

The module will include:

  • Maths and statistical skills for business; revision of algebra and basic mathematical functions;
  • Summarising data with histograms, bar charts, frequency distributions, measures of central tendency and dispersion;
  • Spreadsheets: features and functions of commonly-used spreadsheet software including: workbook, worksheet, rows, columns, cells, data, text, formulae, formatting, printing, , charts and graphs, data management facilities;
  • Probability: The relationship between probability, proportion and percent, addition and multiplication rules in probability theory and Venn diagrams;
  • Common Probability Density Functions;
  • Sampling and its use in inference, and applications of sampling in business management;
  • Regression and correlation: scatter plots; simple regression; interpreting computer output;
  • Forecasting using spreadsheets;
  • Hypothesis testing using z-scores and t-scores; and
  • Simulations- random number generation.

Module outcomes

On successful completion of this module a student should be able to:

  1. Analyse models and approaches which underpin knowledge management in organisational contexts;
  2. Identify sources of published statistics, understand their context and report on their wider relevance;
  3. Summarise and analyse data and present it effectively to others; and
  4. Use statistical techniques to draw inferences from quantitative data.

Assessment

Assessment Description Weighting
Report Report on the sources and models used in knowledge management (1000 words) 40%
Poster Poster on data decision making (2000 words) 60%

Assessments may differ in 2020/21 due to adjustments for Covid-19. Please check Gateway for the latest regulations.

Key texts

  • Anderson, D., Sweeney, D., & Williams, T. (2017). Statistics for business and economics (4th ed.). Cengage Learning EMEA.
  • Swift, L., & Piff, S. (2014). Quantitative methods for business, management and finance (4th ed.). Palgrave Macmillan.