25/02/2025
ABOUT MY NEW BOOK, āUNDERSTANDING BUSINESS MATHEMATICSā!
PROFESSOR CHRISTOPHER OMINYOFE BALOGUN, FBQS
"Business Mathematics" is a carefully crafted book designed to empower young undergraduates and professional students with the essential skills needed to tackle mathematical challenges in the business world. This valuable resource will significantly benefit those studying social sciences, including Accounting, Economics, Marketing, Business Administration, and beyond. The introduction to Business Mathematics is engagingly articulated, showcasing a range of innovative approaches that illuminate the subject matter and inspire a deeper understanding.
The author masterfully explores a wide range of topics, including ratios, percentages, proportions, indices, simultaneous equations, and quadratic equations, making this book an invaluable resource. Each concept is presented with clarity and precision, ensuring that readers can easily grasp and internalize the material. The author employs professional and straightforward methods that foster deeper understanding, while graphical techniques for solving simultaneous and quadratic equations bring the content to life.
Another good aspect of this book is the way the author handled some of the hard-to-crack areas in mathematics, for example, the matrices and the quadratic equations. Those hard-to-crack areas were simplified. Simple approaches were applied. The author adopted the step-by-step method of solving the equations. The mode of calculations was based on the properties and rules of each topic in question. You will find this book more interesting as you read the notes before approaching the practical aspect of it.
Readers will undoubtedly find this book captivating, as the author dedicates ample time to defining each topic before transitioning to its practical applications. This thoughtful approach not only enhances comprehension but also makes learning engaging and enjoyable. It is highly encouraged for readers to immerse themselves in the authorās insightful notes prior to attempting calculations, as doing so will significantly boost their mastery of the subject matter. Embrace this opportunity to unlock your potential and elevate your mathematical skills!
This book offers a captivating exploration of a wide array of topics, including differentiation, calculus, and integration, among others. The author unveils simple yet effective methods for tackling these subjects, making complex concepts accessible to all.
Delving into the realms of matrices and determinants, the book also presents a wealth of examples related to commercial mathematics, such as money management, simple interest, and compound interest, all expertly illustrated for clarity. The treatment of variation and proportions is both thorough and engaging.
Moreover, the author deftly navigates essential concepts like taxation, arithmetic progression, and geometric progression, ensuring that each topic is clearly defined and easily understood. While itās impossible to cover every detail in this brief overview, the book also richly explores crucial subjects such as linear programming, measures of central tendency, arithmetic mean, standard deviation, variance, and investment appraisal.
The comprehensive steps by steps introduced for solving linear programming at all levels invite learners to truly appreciate the elegance of this book. By employing intuitive graphs and a variety of effective methods, the author has distilled complex concepts into accessible insights. The once-daunting simplex method of linear programming has been transformed into a user-friendly approach, empowering students to tackle it with newfound confidence. Now, whether in the classroom or during examinations, students can greet simplex linear programming with enthusiasm and ease, ready to embrace the challenge ahead.
In essence, this book serves as a comprehensive guide, elegantly detailing everything you need to know about business mathematics, making it an invaluable resource for learners at every level.
One of the most daunting aspects of business mathematics for students is the concept of Net Present Value (NPV), which is essential for investment appraisal. Many students find themselves overly reliant on NPV tables, often missing out on deeper understanding. This book addresses that challenge head-on, transforming what once seemed intimidating into a comprehensible and engaging subject.
With a focus on clarity, it breaks down the methods for calculating NPV so that even the most novice learners can grasp these essential concepts. Complicated calculations become straightforward, while intricate problems are untangled with ease. To further enhance your learning experience, the book includes a wealth of practice questions complete with solutions.
In this book, you will encounter various topics such as probability, index numbers, loans and credit, theoretical distribution, logarithms, permutations and combinations, set theory, and the application of Venn diagrams. The author has dedicated significant time to solving examples for each topic to benefit the reader. The detailed examples on logarithms and theoretical distribution are especially thorough, making them accessible for learners.
The book provides comprehensive discussions on index numbers, along with working examples that clarify the subject matter. Notes for each topic are presented in a way that enables readers to fully grasp the material before moving on to calculations. For those aspiring to master Business Mathematics, it is essential to revisit the notes multiple times before tackling the theoretical concepts within this book.
Understanding the symbols in set theory is crucial for comprehending set operations and Venn diagrams. Each topic is presented thoughtfully, so itās important not to skip reading before attempting any problem-solving. The sections on permutations and combinations, often challenging for students, are simplified here, making them much more manageable.
Make sure to cover the entire book for a thorough understanding and valuable reference for your future studies.
With this invaluable resource in hand, you can embark on your journey through business mathematics with confidence, knowing that an āAā is well within your reach!
The author crafted this book with the intention of empowering teachers and lecturers in the realms of social science and various other disciplines. It stands as an essential resource for all academic examinations, while also encouraging young minds to recognize the profound importance of mathematics in business and the art of decision-making within organizations and government.
I wholeheartedly wish all readers boundless success and fulfillment in their journeys ahead.
Thanks!
