REF: KTTC/TP/LP/F07

LEARNING PLAN TEMPLATE

DIPLOMA IN BUSINESS MANAGEMENT

Unit of Competency: QUANTITATIVE TECHNIQUES Unit Code: BUS/CU/AC/CC/03/6

Name of Trainer: CLIFFTON, COLLINS AND CYNTHIA TRAINER Number:

Institution: ICS TECHNICAL COLLEGE Level: LEVEL 5

Date of Preparation: 26/3/25 Date of Revision:

Number of Trainees: 30 Class: BM/2025

TOTAL UNIT HOURS: 140 HOURS NUMBER OF SESIONS: 70 OF 2HRS

Skill or Job Task:

This unit specifies the competencies required to apply principles of quantitative techniques. It involves carrying out quantitative techniques,
applying correlation and regression analysis, formulating linear programming models, carrying out operational matrices, applying time
series, analysing project networks, applying calculus, formulating inventory control models, determining probability and probabilistic
distribution, testing hypothesis.
Benchmark or Criterial to be used

1. Carry out quantitative techniques

Meaning of terms
Development of quantitative techniques
Role of quantitative techniques in business and industry
Types of quantitative techniques

2.Apply Correlation and regression

Meaning of terms
Differences and similarities between correlation and regression analysis
Methods of calculating correlation
Interpretation of correlation coefficient
Methods of calculating regression
application of regression analysis
3.Formulate linear programming models
Meaning of terms
Assumptions of linear programming models
Formulation of linear programming model
Solving linear programming problems
Application of linear programming
4.Carry out Operational Matrices

Meaning of terms
Types of matrices
Determinants of order of a matrix (2*2 and 3*3)
Inverse of a matrix
Application of matrices

5.Apply time series

Meaning of terms
Objectives of time series analysis
Components of time series analysis
Application of time series
6. Analyze project Networks
Meaning of terms
Rules applicable when drawing networks
Construction of project network
Critical path and project duration
Application of network analysis
7. Apply Calculus
Meaning of terms
Differentiation of simple functions
Integration of simple functions
Application of calculus
8. Formulate Inventory control models
Meaning of terms
Setting Inventory control levels
Minimization of cost of inventories
Inventory control models
9. Determine Probability and probabilistic distribution
Meaning of terms
Basic concepts of probability
Laws of probability
Probability distribution
Application of probability distribution functions
10. Test hypothesis
Meaning of terms
Types of hypothesis
Type 1 and 2 errors
Critical and acceptance regions
Z-test and T-test
 Session Session Title Session Learning Trainer Trainee Activities Resources & Learning Re
No. Outcomes Activities Refs Checks/Assessments Da

1 1(2 hrs) Introduction to By the end of the Discuss and Write definitions and Handouts, Oral questioning,
Quantitative session, trainees confirm participate in smart devices written responses.
Techniques should be able to: a) definitions. discussions. for research,
Define quantitative Group charts
techniques) Explain discussions on
the role in business) roles and
Identify types of types.
techniques.

2 2(2 hrs) Correlation and a) Understand Explain terms; Calculate in pairs, share Learning Problem-solving
Regression Analysis correlation vs calculate results. guides, assessment.
regression coefficients in statistical
groups. software
b) Calculate and
interpret correlation
coefficients

c) Use regression for

prediction.
3 3(2 hrs) Linear Programming a) Identify Guide through Work through LP Handouts, Quiz on LP concepts.
assumptions of LP. formulation; examples. software for
solve example simulations
b) Formulate and
problems.
solve LP problems

c) Apply LP in real
scenarios.

4 4(2 hrs) Operational a) Define matrices. Demonstrate Calculate and solve Learning Assessment on matrix
Matrices calculations; matrix problems. guides, operations.
b) Calculate
group calculators
determinants and
exercises.
inverses.

c) Apply matrices in
operations.

5 5(2 hrs) Time Series Analysis a) Identify Group Present findings and Handouts, Assessment on
components of time analysis of trends. software for analysis accuracy.
series. time series analysis
data.
b) Analyze data
trends.

c) Apply time series

for forecasting.
6 6(2 hrs) Project Network a) Understand project Guide group Construct networks and Learning Case study analysis.
Analysis networks simulations of identify critical paths. guides, project
project management
b) Identify critical
networks. software
path methodology

c) Apply network
analysis to projects.

7 7(2 hrs) Introduction to a) Differentiate simple Explain Practice calculation Calculators, Problem set
Calculus functions differentiation exercises. handouts assessment.
and
b) Integrate functions
integration
c) Apply calculus in methods.
optimization.

8 8(2 hrs) Inventory Control a) Set inventory Discuss Calculate control levels Learning Assessment on model
Models control levels. inventory and costs. guides, application.
levels; apply software for
b) Minimize inventory
models in simulations
costs
examples.

c) Apply models
effectively.

9 9(2 hrs) Probability and a) Understand basic Group work Calculate probabilities Statistical Quiz on probability
Distributions probability concepts on probability and distributions. software, concepts.
scenarios. handouts
b) Apply distributions.

c) Analyze
 probabilistic
outcomes.

10 10(2 Hypothesis Testing a) Identify hypothesis Demonstrate Perform tests on sample Handouts,
hrs) types testing data. statistical
methods; software
b) Apply z-tests and t-
group
tests
practice.
c) Analyze errors in
hypothesis testing.

PREPARED BY……CYNTHIA, CLIFFTON, COLLINS ……..DATE……26/03/2025………SIGN……………

VERIFIED BY………………………………..DATE…………………………..SIGN……….

APPROVED BY……………………………...DATE…………………………...SIGN…………