Qrb How I Will Use

How I Will Use the Quantitative Reasoning Course

Upon taking the Quantitative Reasoning for Business course, I will know what quantitative reasoning skills to apply to different company situations. Using the QRB tools will help me answer the quantitative questions involving business issues and problems. The QRB course will help prepare me for future courses in economics, finance, accounting, and research.

For the economics course, I will be better prepared to understand the correlation between supply and demand and how economic factors can impact a business decision. In the QRB course, I will learn how to apply the proper skills to an economic word problem, such as how to write mathematical expressions and equations.

Additionally, the QRB course will prepare me for my future courses in finance and accounting. The QRB course focuses on quantitative issues, such as pricing strategies to increase revenue. At the end of the QRB course, I will be able to solve simultaneous equations algebraically. I may then apply the QRB skills in my accounting course to determine the products’ variable and fixed costs. The quantitative tool, time series data to forecast, could be used in my finance course to project sales or revenue for specific product models.

Moreover, in my QRB course, I will learn how ask pivotal research questions. How does a change in our price point affect the competition? What type of sampling is necessary to determine the number of consumers for a new product introduction? By learning the QRB tools, such as central limit theorem in sampling, I will be better prepared for my future research course.

The QRB course will arm me with increased analytical skills and tools that I can use in my future economics, finance, accounting and research courses. By applying quantitative reasoning to each of these courses, I will have a head start in knowing how to focus, interpret and make recommendations in economics, finance, accounting and research.