THE UNIVERSITY OF SOUTH AUSTRALIA 
MATH 1053: Quantitative Methods for Business 
Final Examination Guide and Notes 2024 
 
Part 01. Topic Summary and Exam Tips 
Part 02. Practice Exam Questions and Answers 
Part 03. Sample Final Examination Paper 
Part 04. Suggested Solutions to Final Exam Paper 
 
The 24/7 Online Support You Deserve 
Need to reach out to us with questions or for help? You’ll connect with a private tutor who is extremely passionate about the course to provide assistance and help ensure that you’re on the right track to graduating.
 
Looking for more study resources? 
Find out about all the services and resources available for students at the 
University of South Australia

MATH1053: Quantitative Methods for Business - University of South Australia

$35.00

ACADEMIC YEAR 2023 - 2024

University	University of South Australia
Study Level	Undergraduate
Area/ Catalogue	MATH 1053
Course Name	Quantitative Methods for Business
Notes Title	Final Examination Guide and Notes
Page Length	61

This concise MATH 1053: Quantitative Methods for Business, University of South Australia - Final Examination Guide and Notes 2024 covers essential steps to understand the relevant theories in this course. The illustrations and worked examples show essential workings to apply those theories. And when you are through with your course materials, you can take a sample exam with solutions and explanations provided, created specifically to simulate the real test-taking experience. With this guide, you can aim for the best grade with the help of relevant and accessible notes, examiner advice plus questions and answers on each key examinable topic.

This course, Quantitative Methods for Business (MATH 1053) - aims to develop students’ mathematical and statistical skills and a knowledge of the use and relevance of those skills in business and management.

Main topics to be covered:

Business Mathematics and Statistics for decision making:
- Time value of money and net present value calculations with applications
- Working with equations and graphs of straight lines
- Linear programming for decision optimization
- Quantitative research principles in collecting, summarizing, and displaying business data
Index numbers and their applications
Relations in categorical data and measures of association
Fitting straight lines to data for trend analysis
Elementary probability concepts and their application in business scenarios
The normal distribution and its business applications for risk analysis and forecasting
Elementary estimation and hypothesis testing for decision-making support
Elementary decision making with Excel spreadsheets for practical application

AREA / CATALOGUE	COURSE NAME
ACCT 1006	Financial Accounting 1
ACCT 1008	Accounting for Business
ACCT 2005	Financial Accounting 2
ACCT 2006	Management Accounting
ACCT 3002	Taxation Law 1
BANK 1005	Financial Markets and Institutions
BANK 2007	Business Finance
BANK 3004	Portfolio and Fund Management
BANK 3009	Corporate Valuation and Risk Management
BANK 3011	International Currency and Banking Markets
BUSS 2068	Management and Organisation
ECON 1007	Macroeconomics
ECON 1008	Principles of Economics
ECON 2007	Empirical Business Analysis
ECON 2010	Economic Analysis of Business Decisions
LAWS 1018	Business Law
MARK 1010	Marketing Principles: Trading and Exchange
MATH 1053	Quantitative Methods for Business
MATH 1068	Statistical Methods

MATH1053: Quantitative Methods for Business - University of South Australia

INFORMATION

COURSE DESCRIPTION

RELATED COURSES