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Extra resources for Business Finance for the Numerically Challenged
76. The ratios analyzed in Chapter 3 are shown as ratios that are divided, therefore taking on the decimal form and displayed as the part of 1. Find the decimal and percent form of the following fractions. Page 49 Find the fraction form from the following decimals and percents, given that the base for each is 10. Averages Averages are a principle of statistics and are well-known simply as the mean. The mean is the number that typically represents the sample. Means are often used in business to calculate a representative of a number of Page 50 samples.
Page 39 Last bit on multiplication Exponent may be a term you have heard thrown around. An exponent represents the number of times a number is multiplied by itself. It is symbolized as follows: This exponent means that 4 is multiplied by itself 3 times or: Division Learning multiplication also teaches the basics of division, because division is the inverse of multiplication. When asked to divide two numbers, you are also asked the number of times a number is existent in another number. " There are three 2s in 6 because 3 * 2 = 6.
The question and answer can be written in many forms: Similarly, any division question can be checked by inverting it into a multiplication problem. The inverse of 78 6 = 13 is 13 * 6 = 78. 28 if all the phone lines had the same charges, the boss wants to find out how the average cost per phone line compares to the cost of his line. The word average should instantly signify division because an average entails dividing a number by another to find a normal rate of occurrence. The average cost of the phone lines will result in a number that represents the typical charge for a phone line.