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Introduction in Quantitative Methods
Introduction in Quantitative Methods
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Learn About Introduction in Quantitative Methods
Quantitative Methods Online Course
This Quantitative Methods Online Course forms part of the Level 4 Diploma in Business, which will allow you to use the qualification you receive, to support an application for a university degree program in business.
Pre-Requisite Modules: Academic Writing and Introduction to Business.
- Module 3 of the Level 4 Diploma in Business (4 modules – 2, 3 and 4 can be done in any order.)
- Course Code: ADL 4IQM.
- Level 4.
- 12 Learning Credits.
- Hours 120.
- Entry requirement: GCSE maths and English (grade C or better) or equivalent
This course is ideal if you:
- wish to attend university and complete a business degree, but haven’t achieved the required “A” level grades.
- have the required “A” levels, but want to save money on tuition fees and accommodation costs, by also completing level 5 and level 6 courses currently under construction.
- are a graduate wanting an introduction to business systems and theories.
- have no desire to attend university and are already working in a business organisation, wanting to progress up the ladder
- wish to pursue a career in business as soon as possible.
1. Understand the rules of numeracy.
- Apply the four rules of numeracy to whole numbers, fractions and decimals.
- Express numbers in standard form.
- Multiply and divide negative numbers.
2. Be able to make and apply calculations relevant to business.
- Compare numbers using ratios, proportions and percentages in a business context.
- Approximate data using rounding, significant figures.
- Obtain values for simple financial transactions involving purchases, wages, taxation, discounts.
- Determine values for simple and compound interest, and for depreciation of an asset using the straight line method and the reducing balance method.
- Convert foreign currency.
- Make calculations using a scientific calculator including roots and powers; logarithms and exponential values.
- Interpret, transpose and evaluate formulae.
- Evaluate terms involving a sequence of operations and use of brackets.
3. Be able to use algebraic methods to solve business problems.
- Solve linear and simultaneous equations.
- Solve quadratic equations using factorisation and formulae.
- Solve and simplify equations using roots or logarithms.
- Determine the equation of a straight line through two points and also when given one point and its gradient.
- Determine the gradient and intercepts on the x or y axes for a straight line.
4. Be able to construct and use graphs, charts and diagrams in a business context.
- Draw charts and diagrams derived from tabular data: e.g. bar charts, pie charts, scatter diagrams.
- Plot graphs applying the general rules and principles of graphical construction, including choice, range and scale of axes.
- Plot and interpret mathematical graphs for simple linear, quadratic, exponential and logarithmic equations.
- Identify points of importance on graphs e.g. points of maximum and minimum; points of intercept with the x and y axes.
5. Be able to apply statistical methods to provide business and management information.
- Distinguish between quantitative and qualitative data.
- Distinguish between continuous and discrete data.
- Represent and interpret data using histograms, stem and leaf diagrams and cumulative frequency curves.
- Determine and interpret summary statistics, including measures of location (e.g. mean, mode and median), measures of dispersion (e.g. range, interquartile range and standard deviation) and measures of skewness.
- Recognise and use the sigma notation for summation.
6. Understand and be able to apply the laws of probability to find solutions to business problems.
- Recognise outcomes which are equally likely, not equally likely or subjective.
- Use appropriate formulae to determine probabilities for complementary, mutually exclusive, independent and conditional events.
- Determine probabilities, using a sample space, two way table or tree diagram.
- Use probabilities to calculate the expected value of an outcome.
- Determine probabilities using the normal distribution, by making use of standard normal distribution tables.
- Represent normal probabilities as areas under the standard normal distribution curve.
Unit overview: This unit aims to give learners a sound understanding of:
- Numeracy and business calculations.
- Algebraic methods.
- Graphs, charts and diagrams.
- The use of statistical methods to supply business and management information.
- The laws of probability.
- The learner will: Understand the rules of numeracy.
- The learner will: Be able to make and apply calculations relevant to business.
- The learner will: Be able to use algebraic methods to solve business problems.
- The learner will: Be able to construct and use graphs, charts and diagrams in a business context.
- The learner will: Be able to apply statistical methods to provide business and management information.
- The learner will: Understand and be able to apply the laws of probability to find solutions to business problems.
Practical (Set Tasks)
Your learning experience with ADL will not only depend on the quality of the course, but also the expertise of the person teaching it. This course has been written by Michael Booth and your course fee includes unlimited tutorial support from him throughout your studies with us. Here are Michael’s credentials:
Michael Booth – Course Writer and Tutor
B.Sc (Hons) Chemical Engineering, (University of Leeds), MSc with Merit Computer Science, (University of Kent), Executive Associate, Institute of Independent Business International
Michael has over 20 years experience in industry with a diverse academic background incorporating executive management, chemical engineering, and computer science. Michael has an international background and has worked as a technical director, production manager, and operations manager throughout companies across the world. He recently completed his MSc in Computer Science from the University of Kent, and is an executive associate of the Institute of the Independent Business International.
Assessment is based on a combination of completing all assignments and sitting for a final short one and a half hour exam, in your own location.
If you don’t cope well with exams then you may elect to undertake a project instead. This is a popular option.
In addition, most modules have a Set Task at the end of each lesson placed before the assignment. This is an opportunity to undertake practical work to help you acquire knowledge and skills and practical experience. This ADL feature is an added bonus not found at most online schools. Set Tasks are not required for assessment.
Some courses also have optional Self-Tests which are available on our online learning platform. These are not available by correspondence or by USB, and do not form part of your overall grade.
How our courses work
- Choose Your Learning Method
You choose how you would like to receive your course material, i.e., Online, USB or Correspondence. The choice is yours. You may also work on online or offline.
- Tutor Allocation
Every student is assigned their own dedicated tutor who is an expert in their subject area. They provide as much or as little individual contact as you require. You can contact your tutor whenever you need – your hours are not limited.
- Feedback and Assignments
Tutor Feedback is an essential component in helping you understand the subject matter. Tutor feedback is given in the form of notes written on the assignment. We encourage you to contact your Tutor where help with clarification and understanding of course material may be required.
Your assignments are located at the end of each lesson. You submit them for marking whenever you are ready. There is no time limit.
- Set Tasks and Self-Tests
Most modules have a Set Task at the end of each lesson before for the assignment. This is where you get the opportunity to undertake practical work to help you acquire knowledge, skills and practical experience. Many modules also have short Self-Tests.
Once all assignments have been completed you may then elect to sit for a one and half hour exam in your own location. If you prefer not to take the exam you do have the option to undertake a project instead.
Once the exam or project part of the course is completed, your Certificate is then processed. Please allow approximately 4 weeks for this.
- Design Your Own Qualification
ADL offers students the flexibility to self-design their own qualification – bundling together a combination of 100-hour modules into a qualification higher than a certificate.
FREQUENTLY ASKED QUESTIONS
Here is a list of the most often asked FAQ’s.
Q. Why should I enrol with the Academy for Distance Learning?
A. Here at ADL, our students are our priority – we treat everyone as a unique individual.
Q. Do I need to buy text books?
A. No, as each module has been written by highly qualified industry professionals. The content of the material is presented in such a way that text books are not required. However, if you require additional reading your tutor will be able to supply a list.
Q. What happens if I have to stop studying for a while? (eg. become sick, go on holidays, have a baby, move house, etc)
A. It’s OK to take a break and start up your study at a later point in time. Just let us know.
Q. Is there an age limit?
A. There is no maximum age limit. We do however, have a minimum age limit of 18 years. Below that age parental consent would be required.
Q. Are your courses up-to date?
A. Our courses are revised and updated on a rotation system.
Q. Do you have a Cancellation policy?
A. Yes. We have a cancellation policy that is fair and equitable. For further details please click here.
Q. Will I have any opportunity to engage with other students?
A. We have a Student Community group based on facebook! If you don’t have a facebook account already, you could make one just for talking with fellow students on the group.
Q. When can I enrol/start?
A. You may enrol and start at any time of the year – it’s all self- paced.
Q. Can I study from anywhere in the world?
A. Our courses are available to anyone, anywhere in the world from the comfort of your own home. The course content is relevant to any country, culture or economy.
Q. How long do I have to complete the course?
A. You complete the course at any time that is convenient for you.
Q. Completing a 100 hour module – how long will it take?
A. For some students a 100 hour module will take approximately to 3- 6 months to complete. Others take less time and some even longer.
Q. Assessment – how does it work?
A. For each 100 hour module you are assessed by assignments (at the end of each lesson) and a final one and a half hour exam (or you may elect to complete a Project, instead of sitting the exam) – the choice is yours – you sit for the exam in your own location.
Q. I don’t cope well with exams – what can I do?
A. You may elect to undertake a Project (set by your tutor) instead of sitting the exam. Projects are completed from your home and can usually take a couple of weeks to complete.
Q. If my assignment is not up to standard is there an opportunity to resubmit my work?
A. Yes –
Q. How many assignments do I need to complete for each module?
A. At the end of each lesson, there is an assignment – so if a course has say, 10 lessons, there would be 10 assignments.
Q. I am having difficulty attending workshops/industry meetings, what can be done?
A. If your course requires attendance at workshops, conferences, or industry meetings; alternative arrangements can be made in your country.
Q. What qualification will I receive?
A. For individual modules, you would be awarded a Certificate endorsed by TQUK (Training Qualifications, UK), providing you complete all assignments and the exam. If you just want to complete only the assignments and not sit for the exam or finish a Project, then a Letter of Achievement would be awarded. For more details on qualifications available please click here.
Q. Can I customize my diploma/higher qualification?
A. Not all educational institution’s certificates /diplomas meet everyone’s needs. The opportunity to Design Your Own Diploma at the Academy (subject to our approval) is an added bonus, not found at other colleges. You choose modules that you think will help you in achieving your goal.
Q. What do I get when I complete the course? Will I receive a transcript?
A. At the completion of all courses and providing all assignments and exam requirements have been met, you will receive your Award and a Transcript.
Q. Our tutors – who are they?
A. We appoint Tutors and require that they must be currently active in their industry, with at least 5 years’ experience in their chosen profession.
Q. Can I contact my tutor at any time?
A. Yes – you have unlimited access to your tutor via email through our Online Classroom. You can always leave a message with ADL requesting your tutor to contact you. You decide on how much or how little contact you wish to have.
Q. Practical work – How is this done?
A. To find out more about this part of the course please visit the section on How Our Courses Work here.
What your tuition fees include
There are no hidden extras
FAQ - RHS Theory Qualifications
If you require further details about any of the RHS industry recognised qualifications please, call one of our friendly RHS Course Advisors on +44 (0)1227 789 649 or email: [email protected]
Q: When can I Enrol/Start My RHS Course With ADL?
A: Anytime, Anywhere. There are no enrolment deadlines.
Q: I live Overseas. Can I Study From Overseas?
A: You can study any of the RHS theory qualifications overseas. All courses are offered in English. You will need to email RHS Qualifications direct to arrange sitting for your examination overseas.
Q: Is There a Time Limit for Completing an RHS Qualification?
A: At present there are no time limits. However, RHS is contemplating in the future, the introduction of course time-lines.
Q: Are There Any Entry Requirements (Pre-Requisites)?
A: The RHS Theory courses do not require prerequisites, previous experience or any knowledge of horticulture. You just need passion for all things horticulture.
Q: What Course Should I Start With First? I Am New To RHS Qualifications.
A: We highly recommend that you start with Level 2 – Principles of Garden Planning, Establishment and Maintenance.
Q: What Does ADL Course Material Include?
A: Includes Power Point Presentations, Videos and written course lessons.
Q: When Do Exams Take Place?
A: Exams are held on fixed dates in February and June of each year. You should register as a candidate at least 3 months before these dates, so please do not leave exam registration to the last minute
Q: Where Do I Take My Exams?
A: UK: You take the exams at the RHS Wisley Centre, located between Cobham and Ripley in Surrey or at other authorised RHS centres around the UK.
Overseas: please email RHS qualifications direct for centre information.
Q: Exam Pass Marks?
A: Module – pass 50%. Commendation 70%.
Qualification: 50% pass for all modules.
Commendation awarded for all modules.
Each question carries a value of 10 marks.
Q: I’m Not Happy With My Exam Results?
A: You have the opportunity to re-sit your exam at the next opportunity.
There are no restrictions on the number of re-sits you can take. The highest mark you achieve will remain.,