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Month: February 2019

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 person who’s interested in math doesn’t need to be a geek. If students are inspired to study and explore, then their mathematical ability and observation skills will improve naturally. Even if the learning curve is steep, the drive to discover develops a desire to experiment and learn.

Unfortunately, in the traditional school model, students are not taught to have a questioning nature, only an answering one. They simply expect teachers to assign rote homework exercises. There is no encouragement for students to discover things out for themselves.

In turn, teachers themselves need to have inquiring minds themselves for them to have any real passion for teaching. However, many of them, especially in high school lack this essential quality. Perhaps they’ve lost some of their passion for the subject in the long hours of teaching using the same rote methods or maybe it’s the hundreds of uninterested students they’ve had to teach in their careers. Either way, a teacher’s enthusiasm is a prerequisite if students are to develop interest.

Every math problem that’s solved independently promotes a sense of achievement and self-accomplishment. It may not be exhibited externally, but a correct answer arrived at independently by students from critical thinking helps … READ MORE ...

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 placing trust on the software, it is important that you have your personal understanding of the mathematics because it will benefit you.

Do entrepreneurs perform well at math?

The work of an entrepreneurial can be well performed by those who have average -level mathematics ability. However, most successful entrepreneurs are excellent at mathematics by default because a good comprehension of the subject in the business world is vital.

How does the knowledge of mathematics help entrepreneurs?

Being an entrepreneur is exhausting, but a good understanding of mathematics may assist you to avoid some of the mistakes you will meet when managing one’s own business. The ability to find a solution for two plus two is just not enough. Successful entrepreneurs use mathematical calculations to know probability, target potential consumers, estimate and pay taxes and compound investment success.

What other methods can help an entrepreneur perfect his mathematics abilities?

The ability to focus is the key to doing well in math. Since time is an important resource for entrepreneurs, it is vital that they must do well in mathematics in a fast and way. Regardless of how important it is, an entrepreneur has no extra time to go back to high … READ MORE ...