INTRODUCTION TO QUANTITATIVE METHODS Module Code

FACULTY OF BUSINESS AND MANAGEMENT STUDIES UNDERGRADUATE BUSINESS PROGRAMME ACADEMIC YEAR 2020-2021, 2nd SEMESTER July – 2021 WRIT2 Programme Title: BMS, A&F, MM, BE, BIS Module Title: INTRODUCTION TO QUANTITATIVE METHODS Module Code: GRM3001 Assessment Method: COURSEWORK Level: 3 Block: 1 Module Credits: 20 Weighting: 50% Due Date: 15-Jun-2021, 09:00 PM Word Count: 2,000 Examiner(s): Dr. Romeo & Mr. Faisal Version: 1 Gulf College – Faculty of Business and Management Studies – In academic Affiliation with CARDIFF SCHOOL OF MANAGEMENT A.        B.  Written work A signed declaration that the work is your own (apart from otherwise referenced acknowledgements) must be included after the reference page of your assignment Each page must be numbered. Where appropriate, a contents page, a list of tables/figures and a list of abbreviations should precede your work. All referencing must adhere to School/Institutional requirements. A word count must be stated at the end of your work. Appendices should be kept to the minimum and be of direct relevance to the content of your work. All tables and figures must be correctly numbered and labelled. Other types of coursework/assignments Where coursework involves oral presentations, discussions, poster presentations, etc., specific instructions will be provided by your module leader/team. ——————————————————————————————————————————————–Rewrite below part just after the References of your assignment. WORK DECLARATION I, [Name of Student], hereby declare that the uploaded COURSEWORK through Turnitin is my own work. I affirm that this has been researched and completed in accordance with the college rules and regulations on plagiarism. I acknowledge the advice given by the module tutors on proper referencing to avoid plagiarism and the rules on the academic unfair practice. I acknowledge that I read and understand the plagiarism guide written at the end of this assessment. Any academic misconduct will be handled according to the rules and regulations of the university. [Name of Student] Pg. 2 Version 1 General instructions COURSEWORK must be submitted online through Turnitin before due date. An acknowledgement will be given to you by your teacher upon presentation of the finance clearance. This is your receipt, keep it. The only circumstance in which assignments can be uploaded late via Turnitin is if a Mitigating Circumstances (MC) form is submitted at the same time. In these circumstances work may be submitted within five (5) working days. Make sure to secure MC form and submit the same to the concerned staff. Write the number of words used, excluding references, at the end of your assignment. Provide the list of sources you used at the last page of your assignment with proper label ‘References’. You may include diagrams, figures etc. without word penalty. The number of words will be + or – 10% of the total words allowed. A work declaration must be included just after the reference page of your assignment. This ensures that you prepare your work in good faith. Any form of collusion and/or academic unfair practice will be dealt with according to the pertinent rules and regulations of the partner university. Please read carefully the plagiarism guide. Assessment Details This COURSEWORK comprises 50% of the total assessments marks. This will develop the following skills:   Analytical skills: The assignment enables the students to analyse and evaluate the benefits of the different activities done in the class. Research skills. This skill will eventually help them understand and evaluate the meaning, concept and solution of gradient of line, measure of central tendency and probability In addition, the COURSEWORK will test the following learning outcomes:   Use a range of techniques to represent and manipulate data, as well as using statistical techniques to analyse data. Apply appropriate techniques to solve quantitative problems in business, management, science and computing. Pg. 3 Version 1 Assignment Task Using references to relevant theories, concepts about gradient of the line and its correlation, probability, estimation of the mean, and standard deviation, write an assignment of 2000 words by answering the following. Question 1 Discuss the procedure how to calculate the gradient of a line and the correlation between the independent and dependent variables given an equation of a line in the slope-intercept form. Question 2 Discuss the concept of the basic probability theory and the formula for probability. Apply the formula by providing at least two examples to calculate probability. Question 3 The following table gives the age group for 80 persons in a glee club. Age group 10 ≤ 20 No. of persons (f) ? 20 ≤ 30 ? 30 ≤ 40 ? 40 ≤ 50 16 50 ≤ 60 ? 60 ≤ 70 ? 70 ≤ 80 ? Ʃf=80 From the table above A. Prepare a table of values and calculate an estimate for the mean and standard deviation. B. Construct a histogram for the data above. C. Use the histogram to estimate the mode. Pg. 4 Version 1 Your report should contain the following:  Introduction: Introduction which will include the overview related to the concept of gradient of a line, probability, estimation of the mean, and standard deviation.(200 words equivalent)  Solution and Discussion Solution and discussion in question one. Student needs to provide an equation of the line in slopeintercept form. Draw the graph of the equation using the y-intercept and its slope. The discussion of plotting the y-intercept and the value of the slope will trace/draw the line. The inclusion of the calculation of the gradient using any two points is a must to verify the nature of the inclination of the line. (400 words equivalent) Solution and discussion in question two. Student needs to give the meaning of the basic probability theory as well as the probability formula. It is important to include at least two examples to calculate probability using the probability formula. The discussion of the calculation should be included. (500 words equivalent) Solution and discussion in question three. Student needs to provide the table of values to be able to calculate the mean and the standard deviation. Furthermore, the student needs to provide frequency density data to be able to construct histogram and to estimate the mode. The discussion of the completion of the table of values, construction of the histogram and the estimation of the mode should be included. (700 words equivalent)  Conclusion – Student needs to summarise the key points in the discussion. (200 words equivalent) ***END OF ASSIGNMENT TASK*** Guidelines to Students:  Diagrams are an effective and efficient method of conveying information. To obtain good marks it will be necessary to include diagrams where relevant to illustrate your discussion.  Make sure that you incorporate these diagrams fully into your reports. In other words make sure you refer to them in your text. Information should be drawn from respected reputable academic sources such as textbooks and academic journals, and reports from economic think tanks. Pg. 5 Version 1 GRM3001 – INTRODUCTION TO QUANTITATIVE METHODS AY: 2020-2021 / 2nd SEMESTER Marking Scheme Question No. Description Marks Allocated 1 Introduction 5 2a The equation of the line in slope-intercept form (3 marks) The graph of the equation using the y-intercept and its slope (10 marks) The calculation of the gradient using any two points (2 marks) The discussion of plotting the y-intercept and the value of the slope to trace/draw the line (10 marks) 25 2b The meaning of the basic probability theory (5 marks) The probability formula (5 marks) Two examples and calculation of the probability using the probability formula (10 marks) The discussion of the calculation (5 marks) 25 2c Completion of the table values of the mean (3 marks) Formula of mean (2 marks) Calculation of mean (2 marks) Completion of the table values of standard deviation (4 marks) Formula of Standard deviation (2 marks) Calculation of standard deviation (3 marks) Discussion (10 marks) Table of frequency data (3 marks) Construction of the histogram (4 marks) Discussion (3 marks) The traced value of the mode (2 marks) Discussion (2 marks) 40 3 Conclusion 5 Total Pg. 6 Version 1 100 Plagiarism 1. Plagiarism, which can be defined as using without acknowledgement another person’s words or ideas and submitting them for assessment as though it were one’s own work, for instance by copying, translating from one language to another or unacknowledged paraphrasing. Further examples of plagiarism are given below: Use of any quotation(s) from the published or unpublished work of other persons, whether published in textbooks, articles, the Web, or in any other format, which quotations have not been clearly identified as such by being placed in quotation marks and acknowledged. Use of another person’s words or ideas that have been slightly changed or paraphrased to make it look different from the original. Summarising another person’s ideas, judgments, diagrams, figures, or computer programmes without reference to that person in the text and the source in a bibliography or reference list. Use of services of essay banks and/or any other agencies. Use of unacknowledged material downloaded from the Internet. Re-use of one’s own material except as authorised by the department. 2. Collusion, which can be defined as when work that has been undertaken by or with others is submitted and passed off as solely as the work of one person. This also applies where the work of one candidate is submitted in the name of another. Where this is done with the knowledge of the originator both parties can be considered to be at fault. 3. Fabrication of data, making false claims to have carried out experiments, observations, interviews or other forms of data collection and analysis, or acting dishonestly in any other way. Plagiarism Detection Software (PDS) As part of its commitment to quality and the maintenance of academic standards, the University reserves the right to use Plagiarism Detection Software (PDS), including Turnitin. Such software makes no judgment as to whether a piece of work has been plagiarised; it simply highlights sections of text that have been found in other sources. The use of plagiarism detection software fulfills two functions. The first is to enhance student learning (i.e. as a developmental tool); the second is to guard against and identify unfair practice in assessment. Further information and guidance can be found in the University’s policy on the Use of Plagiarism Detection Software. Pg. 7 Version 1
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