Develop Interest By Understanding The Need For Mathematical Thinking

Develop Interest By Understanding The Need For Mathematical Thinking

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As a Math Tutor in Hong Kong, one of the most frequent remarks made by students and adults alike is ‘When and why am I ever going to use this sort of mathematics?’. The first step towards understanding this is to think about how science and technology has progressed and transformed the way we live, especially during the last century. The applications of math is probably the most convincing reason for most people. Yet, math isn’t just a tool employed by science. It’s also a subject in and of itself. Although it can be abstract, it’s also precise.

The Need for Mathematical Thinking

Granted, the majority of people won’t ever use or need anything beyond arithmetic. Mathematics started a long time ago. Many historical civilizations including Greece, China, Egypt and India explored the nature of mathematics and found applications for them.

For example, Pascal’s Triangle was discovered in China in 1261, when Yang Hui wrote it out up to a depth of six. In India, the number zero was introduced into the number system, making great contributions towards arithmetic and algebra. The Indians also made advances in trigonometry, where they explored various ratios and properties of the triangle. In Greece, perhaps the most famous theorem of all was formalized by Pythagorus.

In the modern society we live in, we employ, often indirectly, the services of architects, engineers, computer programmers, physicists, financial analysts, economists, geologists, statisticians, weather forecasters, aircraft designers, bookmakers, etc. and all of these fields rely on different aspects of maths as the primary tool of analysis. Even seemingly unrelated subjects such as the visual arts and music can be explored and dissected mathematically. So too can many aspects of nature, society and human & group behavior.

There’s no substitute for interest. Math should be exciting. A …

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Business Mathematics

Business mathematics entail the interpretation and assessing of tables, graphs and charts, calculation of markups and discounts and solving problems related to percentage, proportion and ratio; ascertaining costs of unit, scaled costs for receipts, full costs; budgets; financing; costs evaluated against cash; credit; comprehending income, payroll taxes and deductions; investigation federal income tax annual reports; comparing different financial investment systems; knowing sales including taxes, utility, property and other additional taxes; assessments of insurance programs; knowledge of costs of manufacturing, and evaluation of the performance of a business.

Business Mathematics

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Must one be good in mathematics in order to pursue entrepreneurship? In a world where computers and software complete knowledge gaps in mathematics and pen-and-paper calculations, it barely seems necessary.

When are mathematics skills necessary?

Learning the general scheme is vital than knowing the basic calculations involved. The main aim is for one to possess a strong comprehension of mathematics concepts. Computers perform most of what is considered the real mathematics today for you.

The entrepreneur’s job is to only enter in the right numbers and the software will provide the correct answers. It is mainly helpful when doing projections for sales, costs, and cash availability in a fast and accurate way. It is also useful in the production of financial projections and will come complete with charts and reports. No computations or generation of formulas or constructions of reports or graphs are done by the individual.

Important financial statements are designed through simple data entry; at the simple touch of a button, you will obtain income statements, balance sheets; revenue projections and yearly budgets; and an investigation of important performance metrics.

It looks like it is simple although, you must have the ability to comprehend the results. Precision is vital when entering numbers into a software application. Instead of simply …

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