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

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