Course details
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
Cost
$755.63
Course offerings
Fall 2023
Below is one offering of OPMT 5515 for the Fall 2023 term.
CRN 43648
Duration
Wed Sep 06 - Wed Dec 13 (15 weeks)
- 15 weeks
- CRN 43648
- $755.63
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Sep 06 - Dec 13 | Wed | 18:00 - 20:00 | Burnaby SE12 Rm. 318 |
| Sep 06 - Dec 13 | Wed | N/A | Online |
Instructor
Armarn Roland
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Cost
$755.63
Important information
- Departmental approval needed
-
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.
Status
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:
School of Business + Media
- Business Management - Advanced Diploma
Advanced Diploma Full-time/Part-time
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Programs and courses are subject to change without notice.