QUANTITATIVE METHODS FOR BUSINESS - I

FULLY SOLVED BOOK LASY 5 YEARS PAPERS SOLVED PLUS GUESS

1.5 QUANTITATIVE METHODS FOR BUSINESS - I
OBJECTIVE
To provide basic knowledge of quantitative methods and their application to commercial situations and for
decision making in business.
Unit 1: NUMBER SYSTEM 04 Hrs
Introduction – Natural Numbers - Even Numbers – Odd Numbers – Integers – Prime Numbers – Rational &
Irrational numbers, Real Numbers, HCF & LCM ( Simple problems )
Unit 2: THEORY OF EQUATIONS 12Hrs
Introduction – Meaning – Types of Equations – Simple, Linear and Simultaneous Equations (only two
variables) Eliminations and Substitution Method only. Quadratic Equation – Factorization and Formula
Method (ax² + bx + c = 0 form only). Problems on Commercial Application.
Unit 3: PROGRESSIONS 12 Hrs
Introduction – Arithmetic Progression - Finding the „nth term of an AP and Sum to nth term of AP. Insertion
of Arithmetic Means in given terms of AP and representation of 3 terms of AP. Geometric Progression –
Finding nth term of GP – Sum to „n‟th Term of GP – Insertion of Geometric Means in given Geometric
Progression and also representation of 3 terms of GP.
Unit 4: MATRICES AND DETERMINANTS 14Hrs
Introduction, Meaning, types of matrices – operations of addition, subtraction, multiplication of two
matrices – problems, transpose of a square matrix. Determinant of a square matrix- minor of an element,
co-factor of an element of a determinant. adjoint of a square matrix, singular and non-singular matrices –
inverse of a square matrix – Problems on linear equations in two variables using Cramer‟s rule.
Unit 5: COMMERCIAL ARITHMETIC 14 Hrs
Simple interest, Compound interest including half yearly and quarterly calculations, annuities Percentages,
bills discounting, concepts of Ratios, duplicate-triplicate and sub-duplicate of a ratio. Proportions, third,
fourth and inverse proportion - problems.