Fundamentals of Business Mathematics and Statistics (Paper-4) CMA Foundation

SECTION A: FUNDAMENTALS OF BUSINESS MATHEMATICS [40 MARKS]
1. Arithmetic - 20%

• Ratios, Variations and Proportion
• Simple and Compound Interest
• Arithmetic Progression and Geometric Progression

2. Algebra - 20%

• Set Theory
• Indices and Logarithms (basic concepts)
• Permutation and Combinations (basic concepts)
• Quadratic Equations (basic concepts)

SECTION B: FUNDAMENTALS OF BUSINESS STATISTICS [60 MARKS]
3. Statistical Representation of Data - 10%

• Diagrammatic representation of data
• Frequency distribution
• Graphical representation of Frequency Distribution – Histogram, Frequency Polygon Curve,
• Ogive, Pie-chart

4. Measures of Central Tendency and Dispersion - 30%

• 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

5. Correlation and Regression - 10%

• Scatter diagram
• Karl Pearson’s Coefficient of Correlation
• Regression lines, Regression equations, Regression coefficients

6. Probability - 10%

• Independent and dependent events; Mutually exclusive events
• Total and Compound Probability; Baye’s theorem; Mathematical Expectation