Business Mathematics

Instead of using standard ways of differentiation, the differentiation rules make it easy to assess derivatives of certain functions. The property of linearity has a notable relation to the method of acquiring the derivative of a function. The derivative sum of two or more functions is to be calculated in some situations in differential calculus. […]

Introduction Inverse Trigonometric functions are also known as Arcus functions, anti-trigonometric functions, and cyclometric functions. This mathematical function is applied to gain angles for a given trigonometric function set. Inverse trigonometric functions have several applications in geometry, navigation, and engineering. If the different functions can be constructed to map every reference point or target back

Matrices A matrix is a rectangular or square arrangement of numbers, alphabets, or any kind of element in specific columns and rows. This arrangement of elements in rows and columns is enclosed by a box bracket on either side, left and right. The denotation of a matrix is done usually by an alphabet in upper

What is the meaning of derivatives? The meaning of derivatives, in business mathematics, is the rate of change of a function concerning an independent variable that is used in varying quantity. The rate of change of derivatives is not constant and it is used to measure the sensitivity of the dependent variable with respect to

What is Depreciation? The older an item gets, the more its value decreases. It is because of the wear and tear with constant usage. The concept of depreciation follows this very idea. It can be defined as the reduction in the cost of a commodity, i.e. a good or a service, over time. In business,

What Is C.I and How Does It Work? The interest you get on a deposit is called compound interest (CI) or compounding interest. It is computed using the starting principal as well as the interest accumulated for a specific period. The compound interest formula basically works on the concept of compounding, which means the rate

What is a Complex Number? A complex number is one that may be expressed as x+ iy,where x and y are real numbers and i is the imaginary unit defined by i = √-1. While dealing with equations like x2+ 1= 0, the real number system is incapable of finding out the roots, whereas in complex number systems the equation x2 + 1= 0 has a solution

Introduction Let us assume a scenario to understand the concept of permutation and combination. What if someone asks you to draw 4 cards from a well shuffled pack of 52 cards. Now you can select and draw 4 cards and suppose you note down the cards that you drew. Now if that person asks you

What is a Combination? In permutation and combination, a combination is a mathematical method that focuses on determining the number of apparent treaties in a compilation of elements. An individual can choose the items quickly. In combination, the order of the choice is straightforward. Combinations often get disturbed with permutations. For instance, the configuration of

The coefficient of variation can be defined as a statistical measure that helps in measuring the data point dispersion around the value of the mean. Commonly the measure is used for comparing dispersion of data between separate data series. Contrary to a standard deviation that is always considered in regards to the data, the coefficient