Course Overview
This course emphasizes the use of decision-making models in business. Students will learn to use quantitative methods to choose alternatives in the decision-making process. Software applications (spreadsheets and databases) will be used to support the decision-making process.
Prerequisite(s)
- No prerequisites are required for this course.
Credits
4.0
Registration requirements
Departmental approval is required to register for this course. You must have approval from the department to register. Students accepted into a program can register directly.
Domestic fees
$815.82
International fees are typically 3.4 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Learning Outcomes
Upon successful completion of this course, the student will be able to:
- Apply descriptive statistics and basic probability theory to management science models.
- Compare decision-making techniques including: Decision Analysis, Forecasting Methods including Simple Regression, Time Series, Linear Programming and basic Inventory models.
- Construct and interpret a confidence interval estimates for a single population means or proportions using the appropriate standard normal or t distributions.
- Manipulate data between databases and spreadsheets.
- Carry out a hypothesis test comparing one or two population means or proportions.
- Import data into a spreadsheet and carry out a statistical analysis of the data.
- Manipulate data between databases and spreadsheets.
- Import data into a spreadsheet and carry out a statistical analysis of the data.
Effective as of Winter 2020
Related Programs
Quantitative Methods for Managers (OPMT 5515) is offered as a part of the following programs:
- Indicates programs accepting international students.
School of Business + Media
- Business Management - Advanced Diploma
Advanced Diploma Full-time/Part-time
Course Offerings
Fall 2026
Below is one offering of OPMT 5515 for the Fall 2026 term.
CRN 43648
Dates
Sep 02 - Dec 09 Loading
- CRN 43648
- $815.82 Domestic fees
Class meeting times
Duration
15 weeks
Instructor
TBD
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Important information
- This course is restricted to students enrolled in the Advanced Diploma in Business Management. For registration approval, please email your name and student ID to advdip@bcit.ca. This is a hybrid course. Lectures will be provided asynchronously for you to view on your own time, but labs will be held in-person on Wednesday nights at the Burnaby campus.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
No approval yet? Request approval You must have approval from the department to register. Students accepted into a program can register directly.
Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.