CMA Foundation Fundamentals of Business Mathematics and Statistic

Section A: Fundamentals of Business Mathematics (40%)

1. Arithmetic

• Ratios, Variations and Proportions

• Simple and Compound Interest

• Arithmetic Progression and Geometric Progression

2. Algebra

• Set Theory

• Indices and Logarithms

• Permutation and Combinations

• Quadratic Equations

Section B: Fundamentals of Business Statistics (60%)

3. Statistical representation of Data

• Diagrammatic representation of data

• Frequency distribution

• Graphical representation of frequency distribution

• Polygon Curve, Ogive, Pie-chart

10%

4. Measures of Central Tendency and

Dispersion

• Mean, Median, Mode, Mean Deviation

• Range, Quartiles and Quartile Deviation

• Standard Deviation

• Coefficient of Variation

• Karl Pearson and Bowley’s Coefficient of Skewness

30%

5. Correlation and Regression

• Scatter diagram

• Karl Pearson’s Coefficient of Correlation

• Regression lines, Regression equations, Regression coefficients

10%

6. Probability

• Independent and dependent events; Mutually exclusive events

• Total and Compound Probability; Bayes theorem; Mathematical Expectation

10%