Business Mathematics And Statistics

Mathematical economics refers to the application of mathematical methods to represent economic theories and analyse problems posed in economics. It allows formulation and derivation of key relationships in a theory with clarity, generality, rigor, an... Read more

Mathematical economics refers to the application of mathematical methods to represent economic theories and analyse problems posed in economics. It allows formulation and derivation of key relationships in a theory with clarity, generality, rigor, and simplicity. Mathematics allows economists to form meaningful, testable propositions about many wide-ranging and complex subjects which could not be adequately expressed informally. Marketing is a societal process that is needed to discern consumers' wants; focusing on a product/service to those wants, and to mould the consumers towards the products/services. Marketing is fundamental to any businesses growth. Statistics is a set of tools used to organize and analyse data. Data must either be numeric in origin or transformed by researchers into numbers. Statistics are used to describe the characteristics of groups. These characteristics are referred to as variables. Data is gathered and recorded for each variable. Descriptive statistics can then be used to reveal the distribution of the data in each variable. This book reliable one stop reference on all issues pertaining to Statistics. the subject matter has been presented in such a way that it is easily accessible to students. Less