Annotation
The presentation is simple and the communication of the subject matter is made student friendly, interesting and exciting, avoiding Mathematical complexities. The text has been written to facilitate usage, not only by all business and economics majors but also by professionals, academicians and researchers who can improve their decision making skills by analyzing the pertinent data with use of statistical, methodologies. Business mathematics is mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis. Mathematics typically used in commerce includes elementary arithmetic, elementary algebra, statistics and probability. Business management can be done more effectively in some cases by use of more advanced mathematics such as calculus, matrix algebra and linear programming. Mathematical economics is the application of mathematical methods to represent theories and analyze problems in economics. By convention, these applied methods are beyond simple geometry, such as differential and integral calculus, difference and differential equations, matrix algebra, mathematical programming, and other computational methods. Proponents of this approach claim that it allows the formulation of theoretical relationships with rigor, generality, and simplicity. The book has been written after a detailed study of concepts and assumptions of subject matter. The main features of the book are as follows: Systematic study of the subject matter. The language of the book is simple.
