Business Mathematics and Statistics

In the modern era, Mathematics is used widely for decision making in management. Like most tools, however, it is useless unless the user understands its application and purpose. The user should make sure that mathematical input reflects accurately real-life problems to be solved and the numerical results are correctly applied to solve them. With this in mind, this book lays stress on model formulations, model-building skills and finding the manual solution using appropriate methods. The General aim of this book is to give a thorough in basic Business Mathematics and Statistics to students of Business and Professional studies. This book is also meant to cater for the graduate Students of any other courses who require a practical foundation of Business Mathematics and Statistics techniques used in Business, Commerce, and Industry.