Module Details

Module Code: MATH H1R13
Module Title: Quantitative Techniques 1 – Data Analysis
Title: Quantitative Techniques 1
Module Level:: 6
Credits:: 5
Module Coordinator: Martin Meagher
Module Author:: Damien Raftery
Domains: Carlow Lifelong Learning
Module Description: The aim of this module is to develop students’ mathematical and statistical reasoning and skills, including how to collect, analyse, interpret and present data. Students will be introduced to the areas of descriptive statistics, surveying, sampling, linear correlation and regression, and forecasting. The module's emphasis on both the conceptual and practical will assist students to confidently and fluently use mathematical and statistical thinking and techniques to enquire using data, solve problems and make better business decisions.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Describe basic concepts in data analysis, descriptive statistics, surveys, sampling, linear correlation and regression, and time series
LO2 In business scenarios, calculate and interpret statistics
LO3 Apply statistical skills and thinking to explore data numerically and graphically
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Introduction to Quantitative Techniques (10%)
Use an electronic calculator; Undertake basic arithmetic operations; Rearrange equations; Work with decimals and percentages; Calculate and interpret absolute and relative change
Introduction to Statistics, Surveys and Samples (30%)
Describe statistics and data analysis; Appreciate the importance of statistical reasoning in business and everyday life; Interpret critically numbers and statistics: draw warranted conclusions and spot flaws in arguments based on numbers and statistics; Appreciate the statistical investigative cycle; Distinguish between categorical (nominal, ordinal) and numerical (discrete, continuous) data, and between primary and secondary data; Tabulate data and interpret tables; Draw conclusions from tables, including Simpson's Paradox; Interpret different types of charts and graphs; Explain the terms population, sample and inference; Distinguish between and describe random and non-random sampling methods; Design a questionnaire; Outline the procedure to follow in conducting a sample survey; Describe experiments; Appreciate the business applications of big data and analytics; Appreciate ethical issues; Appreciate the role of information technology in collecting data
Averages and Dispersion (25%)
Recognise and explain variability; Calculate and interpret the mean, median and quartiles; Calculate and interpret the range and interquartile range; Calculate and interpret the variance and standard deviation; Interpret the shape of histograms and boxplots; Interpret output from spreadsheet and statistical software
Linear Correlation and Regression, and Time Series (35%)
Draw and interpret scatter diagrams, calculate and interpret the coefficient of linear correlation, the coefficient of determination and the line of linear regression, make and interpret predications using the line of linear regression, calculate and interpret correlation coefficient for ranked data; Identify the factors which affect a time series, calculate a moving average trend and seasonal variation, and forecast future values; Interpret output from spreadsheet and statistical software
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment50.00%
End of Module Formal Examination50.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Written Report % of Total Mark 20
Timing Week 10 Learning Outcomes 2,3
Non-marked No
Assessment Description
Data analysis assignment (integrated project)
Assessment Type Other % of Total Mark 30
Timing n/a Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Online quizzes
No Project
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 50
Timing End-of-Semester Learning Outcomes 1,2,3
Non-marked No
Assessment Description
n/a
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 3.00 3
Independent Learning Non Contact No Description Every Week 6.00 6
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact No Description Every Week 1.50 1.5
Independent Learning Time Non Contact No Description Every Week 7.50 7.5
Total Weekly Contact Hours 1.50
 
Module Resources
Recommended Book Resources
  • Burdess, N.. (2010), Starting Statistics, eBook.
Supplementary Book Resources
  • Oakshott, L.. (2020), Essential Quantitative Methods for Business, Management and Finance, 7th/6th. Book/eBook.
  • Luca, M. and Bazerman, M. H.. (2020), The Power of Experiments: Decision Making in a Data-Driven World, eBook.
  • Rumsey, D. J.. (2015), U Can: Statistics For Dummies, eBook.
  • Swift, L. & Piff, S.. (2014), Quantitative Methods: for Business, Management and Finance, 4.
  • Moore D. and Notz W.. (2019), Statistics: Concepts and Controversies, 10th. eBook.
  • Shield, M.. (2020), Statistical Literacy for Decision Makers.
  • Jacques, I.. (2018), Mathematics for Economics and Business, 9th. eBook.
  • MacInnes, J.. (2019), See numbers in data.
  • Kara, H.. (2019), Write a questionnaire.
  • Nussbaumer Knaflic, C.. (2015), Storytelling with Data: A Data Visualization Guide for Business Professionals, eBook.
  • Nussbaumer Knaflic, C.. (2019), Storytelling with Data: Let's Practice!, eBook.
  • Best, J.. (2013), Stat-Spotting : A Field Guide to Identifying Dubious Data, eBook.
  • Spiegelhalter, D.. (2019), The art of statistics: learning from data.
  • Rosling, H.. (2018), Factfulness: Ten Reasons We're Wrong About The World - And Why Things Are Better Than You Think.
  • Kahneman, D.. (2012), Thinking, fast and slow.
  • Blastland, M. & Wilnot, A.. (2007), The Tiger that Isn’t London.
  • Paulos, J. A.. (1996), A mathematician reads the newspaper.
This module does not have any article/paper resources
Other Resources
Discussion Note: