Course

Statistics and Financial Mathematics for Business


Course code 430

In this course you will learn about the concepts and methods of data analysis, statistical inference and financial mathematics.

How to enrol

Before enrolling in this course you need to:

  • Choose the qualification you will study the course under. See the Work towards tab below for qualification options.
  • Check the order that courses in the qualification should be studied in the Qualification Structure table. This is in the Choose courses tab on the qualification page.
  • Level 4  
    Credits 20 
  • Study type Trimester  
    EFTS 0.1667  
  • Availability
    2019 :  
    Trimester 1 enrol by 12 Feb 2019 to start 25 Feb 2019
    Trimester 2 enrol by 23 Jun 2019 to start 1 Jul 2019
  • Exam details
    2019 :  
    Trimester 1, 11 Jun 2019
    Trimester 2, 14 Oct 2019
  • Delivery type
    2019 :  
    Trimester 1 & 2 2019 Online/Print   
  • Workload

    Allow approximately 10-12 hours study time per week for each 20 credit course. This may be higher around assessment due dates or exam time.

  • Fees
    2019 :  
    NZ students $730 + $60 annual administration fee
    International students $2,254 + $60 annual administration fee
  • Prerequisites Check entry and other requirements under the qualification you are studying  

Once you have completed your study of this course you should be able to

  • calculate summary statistics, use software to present data clearly and interpret data
  • use methods of correlation and regression to analyse and interpret a given data set and make predictions
  • use computer software to plot time series, identify their features, then produce and explain forecasts
  • demonstrate the correct use of random sampling techniques to select samples, and identify potential sources of bias
  • describe the Consumer Price Index (CPI), and use index numbers to compare time series, and to remove the effect of price changes from (deflate) financial time series
  • apply financial mathematics to lump sums and annuities
  • apply probability distributions, estimate population means and proportions, interpret confidence intervals and calculate sample sizes to achieve the required margin of error
  • identify types of process variation and create and interpret control charts to achieve quality control.

Other requirements

If you don’t have Mathematics to Year 12 (6th form) level, or an equivalent, or you have not studied maths for some time, please contact the course lecturer before you enrol.

You will require internet access and Excel to complete this course.

Assessment

50% internally assessed

50% exam

For more information and a full list of exam times see our examinations page.

Textbooks

No textbooks are required for this course

Lecturer / Tutor