Business Mathematics. Model Examination Paper. Section A. (Multiple Choice Questions). (20 Marks). 1. Choose the best answer for the following. i. Number system.
Paper-3: Business Mathematics, Logical Reasoning and Statistics. Study Material · Announcement relevant for November, 2021 examination and -onwards · Mock Test.
No. II Semester B.Com./LSCM/TTM/IAS (NEP) Degree Examination,. October 2022. COMMERCE. Business Mathematics. (CBCS Scheme 2022). Time: 2½ Hours. Instructions to.
: CP 3.1 - Business Mathematics & Statistics. : B.Com. Course, Part II. : III. : 3 Hours (Part A: 1 Hr., Part B: 2 Hrs). Maximum Marks. : 75 (Part A : 25 Marks.
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Business Mathematics. Bachelor of Business Administration (BBA-10/12/16/17). 1st Semester Examination 2019. Time : 3 Hrs. Maximum Marks : 80.
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31 May 2024 — 31 May 2024Business Mathematics Question Paper' 2022, Dibrugarh University B.Com 4th Sem CBCS Pattern.
From Business Mathematics
X = AX + D ⇒ X − AX = D ⇒ (I − A)X = D. If (I − A) is invertible, X = (I − A)^{-1}D.
Total Revenue (TR), Average Revenue (AR) and Marginal Revenue (MR) are key revenue concepts.
If price is constant, each extra unit adds the same revenue, so MR = P. If price falls with more output (downward sloping demand), then MR is less than price because to sell extra units, price must be reduced.
These concepts are used to analyze pricing, output decisions and profit planning.
Business mathematics are mathematics used by commercial enterprises to record and manage business operations. Commercial organizations use mathematics in accounting, inventory management, marketing, sales forecasting, and financial analysis.
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Expected Monetary Value (EMV) is the probability-weighted average payoff of a decision.
Steps:
Example: Prob(high)=0.6, Prob(low)=0.4 Decision 1 payoff: 50,000 (high), 10,000 (low) Decision 2 payoff: 40,000 (high), 20,000 (low) EMV1 = 0.6×50,000 + 0.4×10,000 = 34,000 EMV2 = 0.6×40,000 + 0.4×20,000 = 32,000 So Decision 1 is preferred by EMV.