# Maths # Maths   # Maths

• Key analysis and algebra skills are needed for solving problems, interpreting data and formulating strategies in quantitative terms for Business.
• Basic numeracy as well as Statistics, especially Inferential Statistics, are used in Marketing, Management, Accounting, IT, and Economics analysis essential for business success.
• They also play important roles in everyday life.

#### Test your Maths Skills

If you would like to test your maths skills, complete the Numeracy Success Indicator (NSI).

### Some basic concepts

 Basic concepts Specifically Business Applications (not an exhaustive list) NUMBER CALCULATIONS Synonyms of all operators (+, -, * & /); Sums, products, deductions, divisions; Multiplication as repeated addition; LCMs and HCFs Understanding what is being asked of you; Analysis of Statements of Financial Performance and Financial Position; Statistics BODMAS AND NUMBER ORDER Order of operation in an expression; The Real Number line; using your calculator Analysis of Statements of Financial Performance and Financial Position; Investment means and σ; Statistics. STRAIGHT LINE GRAPHS Intercepts (vertical and horizontal), slope, equation of a straight line Break-evens;  Product Demand and Supply; Product Market equilibria FRACTIONS & DECIMALS Equivalent fractions, expressing fraction as a decimal, powers of 10; powers with base other-than-ten; calculator use Proportions, growth, comparisons; dealing with large and small numbers; Market analysis PERCENTS Proportions, growth, comparisons Proportions, growth, comparisons; bonds, shares, risk; exchange rate gains and losses; Market analysis ALGEBRA Finding one unknown by substitution, balancing equations and/or the CTM methods; grouping unknowns. Break-evens and target production; testing statistical hypotheses; CAPM, Betas; determining market equilibria FINANCIAL CALCULATIONS Simple interest, compound interest, discount factors, discounted cash flows; criteria for choice. Investment decisions, choices. NPV and payback period. GRAPHS Producing graphs from data, interpretation and critical analysis. Marketing an idea; Attracting investors; Avoiding being misled by others.

### Further resources

• To access online videos on selected maths topics, go to the Library home page and click on Databases. Click on K, and select Kanopy Streaming. Search for the topic you need help with (e.g. Fractions, Algebra, Functions and graphs, Arithmetic, Maths for Engineers).
• Open Education Resources on the web are here.
• See the Maths Hub.