Business mathematics and statistics

Includes index

Part 1 Data and their presentation: sampling and data collection; data and their accuracy; frequency distributions and charts; general charts and graphs. Part 2 Statistical measures: the arithmetic mean; the median; the mode and other measures of location; measures of dispersion and skewness; the standard deviation. Part 3 Regression and correlation: linear functions and graphs; regression technique; correlation techniques. Part 4 Time series analysis: time series model - time series trend; seasonal variation and forecasting. Part 5 Index numbers: index relatives; composite index numbers; special published indices. Part 6 Compounding, discounting and annuities: interest and depreciation; present value and investment appraisal; annuities. Part 7 Business equations and graphs: functions and graphs; linear equations; quadratic and cubic equations; differentiation and integration; costs, revenue and profit functions. Part 8 Probability: set theory and enumeration; introduction to probability; conditional probability and expectation. Part 9 Further probability: combinations and permutations; binomial and Poisson distributions; normal distribution. Part 10 Specialized business applications: linear inequalities; matrices; inventory control. Part 11 Answers to questions.

This manual aims to satisfy the needs of students of mathematics and statistics at the foundation level of such professional examinations as ACCA Numerical Analysis, CIMA Quantitative Methods, ICSA Quantitative Studies, and similar AAT and BTEC courses. Many worked examples are included.