Mathematics MTH001 Elementary Mathematics MTH100 General Mathematics MTH101 Calculus And Analytical Geometry MTH201 Multivariable Calculus MTH202 Discrete Mathematics MTH301 Calculus II MTH302 Business Mathematics & Statistics MTH303 Mathematical Methods MTH401 Differential Equations MTH501 Linear Algebra MTH601 Operations Research MTH603 Numerical Analysis
 MTH302 - Business Mathematics & Statistics Course Page Mcqs Q & A Video Downloads Course Category: Mathematics Course Level: Undergraduate Credit Hours: 3 Pre-requisites: N/A

# Course Synopsis

The purpose of the course is to provide the student with a mathematical basis for personal and business financial decisions through eight instructional modules. The course stresses business applications using arithmetic, algebra, and ratio-proportion and graphing. Applications include payroll, cost-volume-profit analysis and merchandising mathematics. The course also includes Statistical Representation of Data, Correlation, Time Series and Exponential Smoothing, Elementary Probability and Probability Distributions. This course stresses logical reasoning and problem solving skills.

# Course Learning Outcomes

At the end of the course, you should be able to
• Apply arithmetic and algebraic skills to everyday business problems
• Use ratio, proportion and percent in the solution of business problems
• Solve business problems involving commercial discount, markup and markdown
• Solve systems of linear equations graphically and algebraically and apply to cost volume-profit analysis
• Apply Statistical Representation of Data, Correlation, Time Series and Exponential Smoothing methods in business decision making
• Use elementary probability theory and knowledge about probability distributions in developing profitable business strategies

# Course Contents

Perform arithmetic operations. Simple and compound interest. Perform basic calculations of the percentages, averages, commission, brokerage and discount. Solve linear equations in one variable, Matrices, Mathematics of Merchandising, Break-even Analysis, Measures of central tendency. Measures of dispersion and skewness, Line fitting. Time series and Exponential smoothing. Permutations and Combinations. Elementary Probability, Chi-Square, Binomial Distribution, Normal Distributions, Estimating from Samples, Hypothesis testing: Chi-Square Distribution.

 Course Instructor Dr. Zahir Fikri Ph.D, Electric Power Engineering Kungliga Tekniska högskolan Javascript is disable - Webestools - Vote Service (notation module) Books Business Mathematics & Statistics by Prof. Miraj Din Mirza Elements of Statistics & Probability by Shahid Jamal Business Mathematics and Statistics by A. Francis Quantitative Approaches in Business Studies by Clare Morris