Business Mathematics and Statistics (3 cr)
Code: KC00CK11-3003
General information
Enrollment
16.07.2021 - 31.10.2021
Timing
16.08.2021 - 19.12.2021
Credits
3 op
Teaching languages
- Finnish
Degree programmes
- Bachelor of Engineering, Mechanical Engineering
Teachers
- Heikki Kokkonen
Student groups
-
MKONE20
Objective
Students are competent in basic percentage calculation. They know how to calculate simple and compound interests. Students apply various investment calculation. They know common statistical indicators and use them in the analysis of measurement results.
Content
Business mathematics
- Basic percentage calculations
- Simple and compound interest
- Methods of investiments
Statistics
- Statistical indicators
- Common statistical distributions
- Measurement errors and their management
Materials
The learning material is in the moodle
Teaching methods
Lectures and independent study
Student workload
Lectures 20 h and independent study 61 h
Evaluation scale
1-5
Assessment criteria, satisfactory (1)
Satisfactory (1-2): The student knows the basics of simple calculation of interest and compound interest. They are able to calculate indicators needed in statistical analysis from measuring data.
Assessment criteria, good (3)
Good (3-4): The student is able to use methods of calculation of interest to solve practical problems. They are able to use statistical analysis methods needed in the processing of measuring data.
Assessment criteria, excellent (5)
Excellent (5): The student masters calculation of interest well and is able to use investment calculation methods in investment profitability calculations. They are able to search for information about statistical analysis methods to solve practical problems of different types.
Assessment methods and criteria
Exam