ADC – I Business Mathematics and Statistics Syllabus IUB

Weeks

Topics

Detail

1

Equations-I

       
i.           
Introduction to Business
Mathematics

     
ii.           
Linear Equation in One  Unknown Variable

   
iii.           
Linear Equations in Two Unknown
Variables (Simultaneous Equations)

2

Equations-II

       
i.           
Linear Equations in Three
Variables

     
ii.           
Introduction to Quadratic
Equations

   
iii.           
Quadratic Formula

3

Matrix

       
i.           
Order of Matrix, Types of Matrices,
Addition and Subtraction of Matrices, Multiplications of Matrices, Properties
of Addition and Subtraction, Determinants of Matrix,

4

Logarithms, Permutation and Combination

       
i.           
Logarithms (with Applications). How to operate roots and
powers in solving problem with help of logarithms. 

     
ii.           
Permutation, Combinations and Binomial Expansion with their
application to business problems.

5

Sequences and Series

       
i.           
Introduction, Arithmetic
Progression

     
ii.           
Geometric Progression

6

Percentages, Discount and Commissions

       
i.           
Percentage, Basic Problems in
Percentage, , Mark up, Discount, and Commission

     
ii.           
Problems Relating to the above
Topics

7

Mathematics of Finance-I

       
i.           
Simple Interest and Compound
Interest

     
ii.           
Future Value and Present Value of
Single cash Flow by applying Simple and Compound Interest

   
iii.           
Financial Tables Application in
Calculating Future and Present Value of Single Cash Flow

8

Mathematics of Finance-II

       
i.           
Annuity, Ordinary Annuity and
Annuity Due

     
ii.           
Future Value And Present Value
Calculation of Both Ordinary Annuity and Annuity Due

   
iii.           
Present Value of Perpetuity

   
iv.           
Financial Tables Application  in Calculating Future and Present Value of
Annuity

9

Introduction to statistics data,
frequency distribution

1.     
Data and its types

2.     
Presentation of data

3.     
Frequency distribution

10

Measure of central tendency

1.     
Mean, median mode

2.     
G.M and H.M

3.     
Quartiles, deciles and
percentiles

11

Measure of skewness and dispersion,

1.     
Standard deviation, range,
Quartile deviation and mean deviation with their coefficients,

2.     
Measure of skewness

3.     
 

12

Index number and square

1.     
All indexes (Price Quantity and
Aggregate)

2.     
L.I, P.I, F.I and M.I

3.     
Weighted index

13

Testing of Hypothesis Chi-

1.     
Chi-square testing (Measure of
dependency)

14

ANOVA,

                                                             
i.           
ANOVA (analysis of variance)

15

Sampling

       
i.           
Sampling with and without
replacement

16

Revision and preparation week

Primary
Recommended Book

1.       Z A Bowra, Business Statistics and Mathematics.

2.      
Cheryl Cleaves, Margie Hobbs and Jaffrey Noble,
Business Math, Pearson Education Inc.

3.       Syed Hassan Mirza, Business Mathematic for Management and
Finance.

Additional
Readings

1.      
 Sandra Peers,
Business Mathematics, Elsevier

2.       L W Stafford, Business Mathematics.