Business Mathematics And Statistics (FBMS) (Paper-3) CMA Foundation

Taught by Faculties:

Professor Mayank Agarwal

Professor Mayank Agarwal

Business Mathematics And Statistics (FBMS) (Paper-3)

₹3300 – ₹3870

Syllabus

SECTION A: FUNDAMENTALS OF BUSINESS MATHEMATICS [40%]

1. Arithmetic - 15%

Ratios, Variations and Proportions
Time Value of Money and Annuity – Simple and Compound Interest
Arithmetic Progression and Geometric Progression
Time and Distance

2. Algebra - 20%

Set Theory, including Venn Diagram
Indices and Logarithms (Basic Concepts)
Permutation and Combinations (Basic Concepts)
Quadratic Equations (Basic Concepts)

3. Calculus - Application in Business - 5%

Concept of Calculus and its Application in Business
Revenue and Cost Function
Optimisation Techniques (Basic Concepts)

SECTION B: FUNDAMENTALS OF BUSINESS STATISTICS [60%]

4. Statistical Representation of Data - 5%

Diagrammatic Representation of Data
Frequency Distribution
Graphical Representation of Frequency Distribution – Histogram, Frequency Polygon Curve,
Ogive, Pie-chart

5. Measures of Central Tendency and Dispersion - - 15%

Mean, Median, Mode, Mean Deviation
Range, Quartiles and Quartile Deviation
Standard Deviation
Co-efficient of Variation
Karl Pearson and Bowley’s Co-efficient of Skewness

6. Correlation and Regression - 15%

Scatter Diagram
Karl Pearson’s Co-efficient of Correlation
Regression Analysis

7. Probability - 15%

Concepts and Terminologies
Primary applications of Probability Theorems

8. Index Numbers and Time Series - 10%

Uses of Index Numbers, Methods of Construction of Index Number
Components of Time Series and Calculation of Trend by Moving Average Method