Business Mathematics & Statistics: Course Outline
The scope of the course is to see the horizon of Mathematics & Statistics application in business and financial affairs. The course stresses business applications using arithmetic, algebra, and ratioproportion and graphing.
Course Contents
SET THEORY AND SYSTEM OF LINEAR EQUATIONS
 Set Theory, Types of sets
 Methods of Representing sets ,Venn Diagram
 System of Linear Equations and its Applications
 Solution of Linear system of equations as well as solution by graphically method
 Quadratic Inequalities
 Sets and properties of sets
 Slopes, distance between two points, graphical understanding
 Rate, Ratio, proportion, percentage, Interest, depreciation and fraction.
 Pie chart, bar chart and word problems
 Real number and real line
 Solution of linear equations involving one and two variables and presenting them in real line
 Mathematical concepts in Business
 Discount, profits and general understanding of business
 Mathematics of merchandise
Matrices:
 Introduction of matrices, addition, subtraction and multiplication of matrices
 Inverse of matrices and linear solution
 Exponents and radicals
 Solution of linear equations involving more than two variables
 Introduction to optimization and linear programming
Descriptive Statistics
 Introduction to Statistics
 Constructing a Frequency Distribution
 Graphing Frequency Distribution
 Measures of Central Tendency
 Percentiles, Declines and Quartiles
 Measures of Dispersion and skewness
 Range and SemiInter quartile Range
 Coefficient of Variation
 Chebysshev’s Inequality
Course Contents
Probability:
 Definitions of Probability
 Addition and Multiplication Rules of Probability
 Probability Distribution
 Discrete Probability Distribution
 Expected Values and Variance
 Continuous Probability Distribution
 The Binomial Distribution
 The Poisson Distribution
 Hyper geometric Distribution
 The Normal Distribution
SAMPLING AND SAMPLING DISTRIBUTION
 Population and Sample
 Parameters and Estimators
 Reasons for Sampling
 Random Sampling
 Stratifies Random Sampling
 Systematic Sampling
 Cluster Sampling
 Sampling Distributions
 Point and Interval Estimation
 Determination of Sample Size
TESTING OF HYPOTHESIS
 The rationale of Hypothesis
 Testing Type of Errors
 Testing Hypothesis about One Mean
 Testing Hypothesis about Two Means
 Testing Hypothesis about Proportions
 Goodness of Fit
 Contingency Table Analysis
REGRESSION AND CORRELATION ANALYSIS
 The Functional Relationship between Two Variables
 Scatter Diagram
 Linear Correlation
 Inferences Concerning Correlation Coefficient
 The Linear Regression Equation
 The Principle of Least Squares
 Estimating Regression Equation
 Coefficient of Determination
 Multiple Regression and Correlation Analysis
Related Books

Business mathematics and statistics including solutions/hints of all exercise problems byCall Number: 650.01513 NAGISBN: 9788127239336Publication Date: 2003


EBooks

ISBN: 9781934404010
Publication Date:2007 
ISBN:9780470710586
Publication Date:2012 
ISBN:9781560524489
Publication Date:1997