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 ratio-proportion and graphing.

**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 Semi-Inter quartile Range
- Coefficient of Variation
- Chebysshev’s Inequality

**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

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

- Mathematics for Business, Science, and TechnologyISBN: 9781934404010

Publication Date:2007 - Financial Statistics and Mathematical Finance : Methods, Models and ApplicationsISBN:9780470710586

Publication Date:2012 - Basic Business Math : A Life-Skills ApproachISBN:9781560524489

Publication Date:1997