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MTH302 : Business Mathematics & Statistics

Course Overview

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 Calendar

 Topic Lecture Resource Page Overview 1 Handout 3-11 Arithmetic Operations & Using Microsoft Excel 2 Handout 12-21 Calculate Gross Earnings & Using Microsoft Excel 3 Handout 22-28 Calculating Simple & Weighted Averages 4 Handout 29-38 Basic Calculations of Percentages, Averages, Commission, Brokerage and Discount 5 Handout 39-48 Discount & Simple and Compound Interest 6 Handout 49-59 Present Value & Furute Value & Solve Linear Equations in One Variable 7 Handout 60-69 Compound Interest, Calculate Returns from Investments, and Annuities Using Excel 8 Handout 70-76 Matrices 9 Handout 77-79 Matrices 10 Handout 80-84 Assignment # 1 Matrices 11 Handout 85-94 Merchandising 12 Handout 95-99 Merchandising 13 Handout 100-105 Merchandising 14 Handout 106-111 Financial Math 15 Handout 112-120 Quiz # 1 Financial Math 16 Handout 121-124 Financial Analysis 17 Handout 125-129 Financial Analysis 18 Handout 130-133 Financial Analysis 19 Handout 134-141 Financial Analysis 20 Handout 142-146 Linear Cost-Volume Profit and Break-Even Analysis. 21 Handout 147-149 Linear Cost-Volume Profit and Break-Even Analysis. 22 Handout 150-157 Mid term Examination Statistical Data Representation 23 Handout 158-162 Measures of Central Tendency 24 Handout 163-170 Measures of Central Tendency 25 Handout 171-179 Tabulating Data 26 Handout 180-188 Measure of Dispersion & Measures of Position 27 Handout 189-199 Measures of Dispersion & Introduction to correlation and regression 28 Handout 200-207 Quiz # 2 Correlation and Regression 29 Handout 208-217 Correlation and Regression 30 Handout 218-224 Chart Wizard in Excel, Moving Averages 31 Handout 225-239 Chart Wizard in Excel, Moving Averages 32 Handout 240-252 Time Series and Exponential Smoothing 33 Handout 253-259 Factorials, Permutation & Combination 34 Handout 260-268 Factorials, Permutation & Combination 35 Handout 269-275 Probability Patterns of Probability 36 Handout 276-278 Patterns of Probability 37 Handout 279-283 Patterns of Probability 38 Handout 284-296 Patterns of Probability 39 Handout 297-302 Normal Distribution 40 Handout 303-314 Quiz 3 Normal Distribution 41 Handout 315-320 Normal Distribution 42 Handout 321-325 Normal Distribution 43 Handout 326-328 Normal Distribution 44 Handout 329-335 Final Examination 45 Handout 336-340