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What are related subject in business mathematics?

Updated: 9/24/2023
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ArielRectafb2320

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9y ago

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Probability & Statistics - for Business Development, Analytics, Planning, Purchasing and Sales

Probability & Statistics for Engineering and Sciences- same as above but the Calculus and Differential Equations are prereq's

---subcategories: Risk Mgmt/Analysis, Actuarial Science, Quantum Theory

MIS - Mgmt Information systems

---subcats: CompSci, Critical Thinking, Logic and Switching Circuits, Abstract Data Types (OOD), Algorithms, Algorithm Analysis, Enterprise lvl Software Engineering, QA/QC, Accounting, Finance, BPE Law, Tax Law, Business Administraion (MBA or OTJ equivalency in education & exp.) and Six Sigma Process Improvement.

***note: there is a an OS/application technology prerequisite for all of these, including UNIX (and other cmd line OS), VI, MRP/ERP systems, object routing software (Sharepoint), Compilers, Excel, Access, dB and system architecture (file systems and an organized theory) and OOD programming languages such as C++/Java, VB (for Excel), Quickbooks or something similar, knowledge of client/server systems and distributed computing, Visio, Calculator or equivalency of a TI-85 and some sort of Word/Powerpointskills to present research to mgmt who don't have this background knowledge. HTML, Javascript and .NET programming a HUGE plus.

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What is the importance of business mathematics in business courses?

Mathematics is an important subject and knowledge of it enhances a person's reasoning, problem-solving skills, and in general, the ability to think. Hence it is important for understanding almost every subject whether science and technology, medicine, the economy, or business and finance. Mathematical tools such as the theory of chaos are used to mapping market trends and forecasting of the same. Statistics and probability which are branches of mathematics are used in everyday business and economics. Mathematics also form an important part of accounting, and many accountancy companies prefer graduates with joint degrees with mathematics rather than just an accountancy qualification. Financial Mathematics and Business Mathematics form two important branches of mathematics in today's world and these are direct application of mathematics to business and economics. Examples of applied maths such as probability theory and management science, such as queuing theory, time-series analysis, linear programming all are vital maths for business. collegeofbusiness.com.au


What is the role of mathematics in business management?

role of mathematics and statistics in business decision making


What is the plural form of mathematics?

Mathematics"mathematics" is a plural noun already, the subject is Mathematics!


How many permutations are there of the mathematics?

Mathematics is a subject and is not something that can be permuted.


How you can define mathematics?

mathematics is a hard subject and that's all

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