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

Syllabus

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