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Business

ENT 30: Quantitative Methods for Business


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About

This course introduces the basic concepts in time value of money, capital budgeting, probability and statistics and optimization techniques for decision making. It includes topics and systems of linear equations and their equations in business such as demand and supply equations and their curves, break-even analysis and market equilibrium analysis with additive tax. Topics on linear programming, Markov’s chain, Forecasting, and Decision Theory are also included.

 

Course Objectives:
At the end of the course, the students should be able to:
  1. Define and discuss the quantitative methods used in business practice.
  2. Describe the role and situations where quantitative methods contribute in the decision-making process.
  3. Explain, apply and interpret the results of the quantitative procedures used to assist in decision-making.
  4. Determine the optimal strategies in uncertain or risk-filled circumstances.
Value Aims:
At the end of the course, the students should be able to:
  1. Appreciate the value of mathematical reasoning and analysis
  2. Develop critical and analytical thinking
  3. Develop the values of accuracy, neatness, patience, courage, perseverance, cooperation and discipline
  4. Read and understand the subject matter with focus and discipline
  5. Develop in the students an awareness of the importance of basic mathematics skills in business.
  6. Develop personal integrity and intellectual honesty during examination
  7. Show awareness that knowledge in mathematics is helpful in understanding and solving contemporary problem on environment and other social concerns.
  8. Recognize the competencies required in applying the most appropriate quantitative technique in decision-making
  9. Appreciate the flexibility in the use of problem-solving tools
References:
Render and Stair: Quantitative Analysis for Management (latest edition)
Anderson, David and Sweeney, Dennis. Quantitative Methods for Business (latest Edition)
 
Allowable Number of Cuts:
Maximum of 7 for a weekday class, any cut in excess of these is automatically given a grade of FA. Tardiness beyond 15 minutes for a weekday class is considered an absence. You are held responsible for keeping track of your cuts!! Do not wait for your professor to update you of this! She won’t!
 
Expectations from Each Student:
The student’s responsibility is to come to each class prepared. She is also expected to take all examinations on the dates scheduled. She should read the assigned materials and solve assigned problem materials prior to class. She is expected to attend each class and participate actively in the discussions.
 
Academic Dishonesty:
All ENT students are expected to be academically honest. Cheating, lying and other forms of immoral and unethical behaviour will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will (at a minimum) receive an F (or 0.00) or failure in the course. Plagiarism and cheating refer to use of unauthorized books, notes or otherwise; securing help in a test, copying tests, assignments, reports, or term papers; representing the work of another person as one’s own collaborating, without authority, with another student during an examination or in preparing academic work; signing another student’s name on attendance sheet; or otherwise practicing scholastic dishonesty.
 
Transmutation Table of Grades:
0 – 49%   = F                           74 – 78% = 3.0
50 – 55% = 1.0                                    79 – 84% = 3.5
56 – 61% = 1.5                                    85 – 90% = 4.0
62 – 67% = 2.0                                    91 – 95% = 4.5
68 – 73% = 2.5                                    96 – 100% = 5.0