QUANTITATIVE METHODS I

Students use various types of graphs to present information. Students are introduced to basic measures of central tendencies and dispersions for both sample and population. Students are able to use these basic statistical measures to make reasonable business decisions. Students are also able to use time-series and simple linear regression knowledge to perform short-term forecasting using a statistical package as a tool. They also use the consumer price index to find the purchasing power of a dollar and real wages. Students use knowledge of basic mathematical functions to describe business relationships and build models. Students engage in a review of basic mathematics concepts. They are able to apply knowledge of linear and quadratic functions and constrained optimization to practical business situations. Students are able to apply linear programming techniques to business applications. Students integrate business functions with Excel functions.