Question

Discuss the statement ‘Business Mathematics provides accuracy to statements of facts and figures whereas statistical calculations are supportive estimates based on probability.’
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Answer 1

Answer:

Business mathematics are mathematics used by commercial enterprises to record and manage business operations. ... Mathematics typically used in commerce includes elementary arithmetic, elementary algebra, statistics and probability.

Answer 2

Answer:

Discuss the statement ‘Business Mathematics provides accuracy to statements of facts and figures whereas statistical calculations are supportive estimates based on probability.’

ans. Business mathematics.

Explanation:

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