Business Mathematics

What is Business math ??????Business math is mathematics used

by commercial enterprises for record and manage business operations. 

It includes : Linear programming Probability Calculus Linear equation

Linear programming linear programming is instrumental in solving

many management problems.

Applications : Product mix Distribution network Corporate restructuring Facility planning Staff scheduling Financial problem

Probability A quantitative measure of the likelihood

of something occurring.Application: probability of profitability Evaluate financial risk Decision making Improve business performance

Calculus The branch of mathematics that deals with

limits and the differentiation and integration of functions of one or more variables.

Application : Measure the rate of increase in profit Determining the amount of interest paid

over the life of a loan. Maximization of profit. Decision making process.

Linear equationA linear equation is an algebraic equation in

which each term is either a constant or the product of a constant and a single variable .

Application :  Determine prices Shows Demand Curve Relationship between currencies Change in Interest Rates and Investment

Made by Immanuel