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Business Mathematics and Statistics (3 cr)

Code: KC00CK11-3008

General information


Enrollment

13.11.2023 - 17.01.2024

Timing

08.01.2024 - 25.02.2024

Credits

3 op

Teaching languages

  • Finnish

Degree programmes

  • Bachelor of Engineering, Mechanical Engineering

Teachers

  • Pasi Mikkonen

Student groups

  • AUTO22

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

to be announced at the beginning of the course

Teaching methods

lectures and exercises

Student workload

81 h
lectures and exercises 28 h
independent work 54 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