Business Mathematics and Statistics

It is not only
maths also Stats

The word business clearly states that

you are going to study Mathematics and
Statistics which have applications in Business

Where do we use maths or stats in business ? But you are not required to
study everything

It
Almost Everywhere Ty

Syllabus

Time Value Measures of central

O
of Money Tendency and
(TVM) Population and Dispersion
Share Price JO
Sampling Basic Statistics
Calculations
Basics and only
theory of inferential
Statistics

Now let us take a look at every chapter in details.

1 Time Value Of Money

The title simply explains that money has a time value. What does it mean ?
Let us take an example

Er
N Flo E too
e

µ slopes
zip

Question - 100 ₹ at point A , B & C have same value ( True or false ) why ?

To understand it in more - Your grand parents used to manage whole household

activity in less than thousand ₹. Can you imagine to manage the household
activity in ₹ 1000 ( today ) ?

Now it is clear that money has time value.

In simple words purchasing power of money changes as per time.
Purchasing power - power to buy things.

But why?

t
https://www.youtube.com/watch?

Inflation r v=P5nwmpSqRWs&feature=share

https://
youtu.be/
UMAELCrJxt0
Let us say that ABC is a private lender. He wants to lend ₹100 to XYZ. What
will be the interest rate if inflation is 5%
A. More than 5 %
B. Less than 5 %
Why?

What is the meaning of 5% inflation - things that you can buy today in 100 will
require 105 ₹ in next year.