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PSM823 Management Sciences 2 Units intermediate

Operations Research And Statistics

This course exposes students to the fundamental principles and applications of statistics and operations research. It covers descriptive statistics, sampling techniques, data presentation, measures of central tendency and dispersion, probability, and hypothesis testing. Students will also learn about correlation, regression analysis, linear programming, transportation problems, games theory, network analysis, and simulation. The course aims to equip students with the knowledge and skills necessary for data analysis and optimization in organizations.

Take a practice test or generate AI study notes to help you excel in this course.

150h
Study Time
13
Weeks
12h
Per Week
intermediate
Math Level
Course Keywords
StatisticsOperations ResearchLinear ProgrammingHypothesis TestingRegression Analysis

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
📊
Math Level
Moderate Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Descriptive Statistics

2

Sampling Techniques

3

Probability Theory

4

Hypothesis Testing

5

Regression Analysis

6

Linear Programming

7

Transportation Problem

8

Games Theory

9

Network Analysis

10

Simulation

Total Topics10 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assessments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Data Analyst

Apply your skills in this growing field

Business Analyst

Apply your skills in this growing field

Operations Manager

Apply your skills in this growing field

Statistician

Apply your skills in this growing field

Management Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

FinanceManufacturingLogisticsHealthcareGovernment

Course PDF Material

Download the complete course material as provided by NOUN.

Download PDF Material

Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all key definitions and formulas from each unit.

2

Practice solving numerical problems from the TMAs and examples in the course material.

3

Create concept maps linking statistical concepts (e.g., central tendency, dispersion, probability).

4

Focus on understanding the assumptions and limitations of each statistical test.

5

Practice formulating linear programming problems and solving them graphically.

6

Review the steps involved in hypothesis testing and decision-making.

7

Allocate study time proportionally to the weight of each module in the final examination.