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#### OBJECTIVES

To gain understanding on the fundamental concepts of mathematics and statistics and its application in business decision making

#### Learning Aims

The syllabus aims to test the student’s ability to:

• Understand the basic concepts of basic mathematics and statistics
• Identify reasonableness in the calculation
• Apply the basic concepts as an effective quantitative tool
• Explain and apply mathematical techniques
• Demonstrate to explain the relevance and use of statistical tools for analysis and forecasting

#### SECTION A: FUNDAMENTALS OF BUSINESS MATHEMATICS [40 MARKS]

•  Arithmetic
• Ratios, Variations and Proportions
• Simple and Compound interest
• Arithmetic Progression and Geometric Progression
• Algebra
• Set Theory
• Indices and Logarithms (basic concepts)
• Permutation and Combinations (basic concepts)

#### SECTION B: FUNDAMENTALS OF ETHICS [30 MARKS]

• Statistical Representation of Data
• Diagrammatic representation of data
• Frequency distribution
• Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve, Ogive, Pie-chart
• Measures of Central Tendency and Dispersion
• Mean, Median, Mode, Mean Deviation
• Range, Quartiles and Quartile Deviation
• Standard Deviation
• Co-efficient of Variation
• Karl Pearson and Bowley’s Coefficient of Skewness
• Correlation and Regression
• Scatter diagram
• Karl Pearson’s Coefficient of Correlation
• Regression lines, Regression equations, Regression coefficients
• Probability
• Independent and dependent events; Mutually exclusive events
• Total and Compound Probability; Baye’s theorem; Mathematical Expectation
Curriculum is empty #### slsxcma

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