Diploma in Business Mathematics

It is essential to have a basic knowledge of a wide range of mathematical techniques in order to use business data effectively.

This course introduces and builds on a range of mathematical concepts and techniques. Students will be able to develop their analytical skills in order to make informed business decisions based on a wide range of data sources. The course also develops a student’s ability to present data in a meaningful and systematic way.

Learning Outcomes

Use a range of mathematical and statistical techniques and concepts

  • Solve simple equations using the BODMAS rule
  • Express numbers to a given number of significant figures
  • Convert numbers into standard form
  • Solve equations involving fractions
  • Calculate percentages, ratios, and proportions
  • Solve equations containing brackets
  • Solve equations containing numbers with powers
  • Calculate simple and compound interest
  • Solve linear equations
  • Draw and calculate the equation of straight lines
  • Solve simultaneous equations
  • Solve quadratic equations
  • Draw and recognize non-linear graphs
  • Change the subject of an equation or formula
  • Manipulate surds

Describe and summarize data

  • Distinguish between different types of data
  • Present data using a variety of charts and graphs
  • Calculate and interpret the mean, mode, median, standard deviation and quartiles of a data set

Apply the laws of probability to a range of scenarios

  • Calculate probability using a number of methods
  • Distinguish between mutually exclusive and independent events

Use data for the purposes of forecasting

  • Understand and interpret time series graphs
  • Calculate moving averages

 Study Language: this study program taught entirely in English.

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