Role of Mathematics in Business & Economics

We study math because it teaches way of thinking and method of solving problems that helps you to gain some knowledge about mathematical applications,formulas and mathematical techniques.

There is always some sort of type of math that will be involved in everyday jobs you could be a fisherman, you could be a garbage man. Everything in the world that requires work requires math even if it may be a garbage man, math is in all sorts of forms. Math will even be used in my job that I wish to peruse, I would like to be a wildlife conservation officer. Game Wardens work for state and local governments, They are enforced to protect wildlife for example fish. Game Wardens also carry guns so they can protect themselves if they are in risky situation.(they are also used to be recognized and a peace keeper.) Game Warden’s only need to acquire an associate's degree, which only requires a 2 year college.

Math is used a lot in the health care profession as well as our everyday lives. A health care professional may use math skills throughout the day simply calculating dosages, converting weight from kg to lbs, and as well as taking someones' pulse. Calculating dosages are very important and should always be calculated correctly. A patient's weight is taking every visit so the proper knowledge of convert the weight from kg to lbs is used throughout the day. Even taking the patient's pulse you have to be able to multiply the number you get in 30 seconds by 2 to get the correct bpm. I believe all the basic math skills are needed to be successful as a health care professional. There are many different formulas and conversion that occur so you must

In “The Divine Proportion: A Study in Mathematical Beauty,” H.E. Huntley writes about how math is related to basically everything and provides a frame. Math is important to things like art, science, music, and many other things. Huntley was a professor who studied the divine proportion or also known as the “golden ratio.” It is used in math, art, and science.

According to Alan Bass, math is the building block upon which every science originates; which opens the doors to higher education and better income potential. However there are many high earners that never graduated college like Albert Einstein who states “everybody is a genius. But, if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid”. Not everyone is good at math.

Mathematics is not for one type of person: not only for the nerdy and weird outcasts, not only for the white male, not only for those who are not targeted by the stereotypes prevalent in the field. Mathematics is not dry, nor boring, nor focused on inane solutions never to be used after the discovery. Mathematics is not what people think it is; it is not one field, one theme, one subject. Mathematics is everything. Look around, with clear eyes, and you will see the art of mathematics everywhere. Dr. Diana Gu, the founder of MTY Academy, an extremely successful institute in the Austin community, and long-time, inspirational professor at the Texas State University, looks at the world and sees numbers. She sees passion and dedication and motivation. She sees intensity and zeal and excitement. Explaining that mathematics is essential for everyone, she emphasizes an idea: innate skill matters little, while practice is what defines you.

The learning provision for numeracy development for children is very important from the beginning of their learning platform as maths is a key in every day live for everyone.

a.) Imaging entering a list of sales on a piece of note paper and then taking your calculator to total 50 transactions that day, Excel does it automatically with a sum formula. Now imagine wondering what your sales would have been like with different prices on some of your items. Excel allows you to quickly model such what-if scenarios.

You would need to create saving plans, understand and make smart investments, compound interest (interest on interest), making a budget and knowing the difference between a credit and debit card. Two additional examples of mathematics in the real world are student loans, you must create a plan to pay back a specific amount each month and determine when you will be out of debt. An additional example that remains under the category of the basics of banking, for profitable stock trading you must ensure that the average gain of winning trades are larger than the average loss of losing

In addition to this, math is captivating because of the various ways I am able to apply it in real life. Construction workers use a mixture of algebra and trigonometry when creating building. The size of a building and the area it covers is important for construction workers to keep note of when designing new buildings. In addition to this, chemist manipulate algebra when finding the weight of an element based on the conditions around the element, as well as how many atoms it contains. Math applications used by chemist increase their understanding of elements or molecules they are trying to

A question that sometimes is mentioned is how can algebra make our lives easier? Some people assume that our need for math is basic. This is saying that we should be fine as long as we can add, subtract, multiply, and divide. What these people do not realize is that algebra is used in our lives more than they think. For students, determining your grade-point-average (GPA) and understanding what is your class grade takes a bit of algebra to understand. For example, if a high school student wants to determine what their GPA for admission to a university, they have to know what numbers represent the letter grades. Traditionally,

Geometry and Algebra are so crucial to the development of the world it is taught to every public high school in the United States, around 14.8 million teenagers each year (National Center for Education Statistics). Mathematics is the engine powering our world; our stocks, economy, technology, and science are all based off from math. Math is our universal and definite language “I was especially delighted with the mathematics, on account of the certitude and evidence of their reasonings.” (Rene Descartes, 1637).

The math focuses more on the figuring out angles triangles it has a lot of Pre Cal in it. Dealing with the Unit Circle, and has some physics in it. Finding the mass, volume, solving for potential energy and kinetic energy. Just about in every event there is some type of math problem. The math also helps with the Engineering Process when deciding how much or how long something needs to be Engineering and Math comes together. An example that math is used a lot in one of the events is Chemistry the math part that I have seen frequently asked questions is balancing chemical equations which isn’t very hard but sometimes they equations can get very

Mathematics, like every creation of man, have evolved without really knowing how far you can get with them: the scope of the computer, physics, chemistry, algebra, all are evidence of this. Every aspect of our culture is based in some way or another in Mathematics: language, music, dance, art, sculpture, architecture, biology, daily life. All these areas of measurements and calculations are accurate. Even in nature, everything follows a precise pattern and a precise order: a flower, a shell, a butterfly, day and night, the seasons. All this makes mathematics essential for human life and they can not be limited only to a matter within the school curriculum; here lies the importance of teaching math in a pleasure, enjoyable and understandable way. Mathematics is an aid to the development of the child and should be seen as an aid to life and not as an obstacle in their lifes.

Mathematics is the one of the most important subjects in our daily life and in most human activities the knowledge of mathematics is important. In the rapidly changing world and in the era of technology, mathematics plays an essential role. To understand the mechanized world and match with the newly developing information technology knowledge in mathematics is vital. Mathematics is the mother of all sciences. Without the knowledge of mathematics, nothing is possible in the world. The world cannot progress without mathematics. Mathematics fulfills most of the human needs related to diverse aspects of everyday life. Mathematics has been accepted as significant element of formal education from ancient period to the present day. Mathematics has a very important role in the classroom not only because of the relevance of the syllabus material, but because of the reasoning processes the student can develop.