## Business Mathematics and StatisticsThe sixth edition provides a thorough grounding in basic mathematical and statisical techniques for business students, and students on a professional course such as accounting. The result is a comprehensive, user-friendly, testing oriented guide to quantitative methods for business. The sixth edition provides a thorough grounding in basic mathematical and statisical techniques for business students, and students on a professional course such as accounting. The result is a comprehensive, user-friendly, testing oriented guide to quantitative methods for business. |

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### Contents

Introduction to Business Mathematics and Statistics | 1 |

Parti Data and their presentation | 5 |

Sampling and Data Collection | 6 |

Data and their Accuracy | 24 |

Frequency Distributions and Charts | 38 |

General Charts and Graphs | 63 |

Examination questions | 90 |

Statistical measures | 95 |

Annuities | 318 |

Examination examples and questions | 330 |

Business equations and graphs | 337 |

Functions and Graphs | 338 |

Linear Equations | 351 |

Quadratic and Cubic Equations | 364 |

Differentiation and Integration | 374 |

Cost Revenue and Profit Functions | 385 |

Arithmetic Mean | 96 |

Median | 107 |

Mode and Other Measures of Location | 117 |

Measures of Dispersion and Skewness | 129 |

Standard Deviation | 136 |

Quantiles and the Quartile Deviation | 148 |

Examination example and questions | 159 |

Regression and correlation | 165 |

Linear Functions and Graphs | 166 |

Regression Techniques | 173 |

Correlation Techniques | 191 |

Examination examples and questions | 207 |

Time series analysis | 213 |

Time Series Model | 214 |

Time Series Trend | 219 |

Seasonal Variation and Forecasting | 229 |

Examination example and questions | 242 |

Index numbers | 247 |

Index Relatives | 248 |

Composite Index Numbers | 259 |

Special Published Indices | 272 |

Examination questions | 281 |

Compounding discounting and annuities | 285 |

Interest and Depreciation | 286 |

Present Value and Investment Appraisal | 302 |

Examination examples and questions | 395 |

Probability | 403 |

Set Theory and Enumeration | 404 |

Introduction to Probability | 419 |

Conditional Probability and Expectation | 436 |

Examination examples and questions | 449 |

Further probability | 455 |

Combinations and Permutations | 456 |

Binomial and Poisson Distributions | 462 |

Normal Distribution | 473 |

Examination example and questions | 490 |

Specialised business applications | 495 |

Linear Inequalities | 496 |

Matrices | 508 |

Inventory Control | 526 |

Network Planning and Analysis | 543 |

Examination example and questions | 555 |

Answers to student exercises | 562 |

Answers to examination questions | 581 |

Appendices | 650 |

Random Sampling Numbers | 654 |

Exponential Tables Values of em | 655 |

Standard Normal Distribution Tables | 657 |

659 | |

### Common terms and phrases

amount annual annuity Answer arithmetic mean bar charts base binomial calculated chapter CIMA components compounded correlation coefficient cumulative frequency defined depreciation described discount rate employees error estimate example factors Figure formula function given gives graphical grouped frequency distribution increase index number invested involved least squares line diagram linear Lorenz curve machine matrix maximise maximum mean deviation measure median method moving average MULTI-CHOICE multiplication mutually exclusive events Normal distribution Note number of items obtained output particular payment percentage period plotted poisson distribution present value price index probability production profit quadratic equation quantity quartile quartile deviation random sampling regression line relative represent Retail Price Index revenue shows skewness solving standard deviation statistical STEP Student self review Table technique tion total cost trend values variable Venn diagram week weekly weights