1. BUSINESS MATHEMATICS & STATISTICS

2. LECTURE 1 COURSE OVERVIEW

3. Instructor Dr. Zahir Fikri Ph.D in Electric Power Systems Engineering Royal Institute of Technology, Stockholm, Sweden

4. Objective to provide the student with a mathematical basis for personal decisions and business financial decisions

5. Stresses business applications using arithmetic, algebra, ratio-proportion and graphing

6. Applications include payroll, cost-volume-profit analysis and merchandising mathematics

7. Also includes Statistical Representation of Data, Correlation, Time Series and Exponential Smoothing, Elementary Probability and Probability Distributions

8. Stresses Logical reasoning and problem solving skills

9. TOOLS Access to Microsoft Excel software required

10. Course Outcomes 1. Apply arithmetic and algebraic skills to everyday business problems

11. Course Outcomes 2. Use ratio, proportion and percent in the solution of business problems

12. Course Outcomes 3. Solve business problems involving commercial discount, markup and markdown

13. Course Outcomes 4. Solve systems of linear equations graphically and algebraically, and apply to cost- volume-profit analysis

14. Course Outcomes 5. Apply Statistical Representation of Data, Correlation, Time Series and Exponential Smoothing methods in business decision making

15. BUSINESS MATHEMATICS & STATISTICS