
Course Category: 
Mathematics 
Course Level: 
Undergraduate 
Credit Hours: 
3 
Prerequisites: 
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 ratioproportion and graphing. Applications include payroll, costvolumeprofit 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 volumeprofit 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, Breakeven Analysis, Measures of central tendency. Measures of dispersion and skewness, Line fitting. Time series and Exponential smoothing. Permutations and Combinations. Elementary Probability, ChiSquare, Binomial Distribution, Normal Distributions, Estimating from Samples, Hypothesis testing: ChiSquare Distribution.
Course Related Links
Simple vs Compound Interest
Compound Interest
Binarray(frequency distribution)
Present and Future value of annuites 


