Qrb 501 (Quantitative Reasoning for Business) Entire Class

QRB 501 (Quantitative Reasoning For Business) Entire Class

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WEEK 1

Week 1 Summary

Week one was an eye opener for me, after being out of contact with mathematical equations since my last statistics class a refresher week is just what I needed. My main focus was correctly following the order of operations while solving equations. During our practice quiz in MyMathLab I quickly realized I was doing something wrong. After checking with our text book I found out I was not following the correct format when I was addressing the equations. Division is first, then anything in the parenthesis and then from left to right (I hope I got this right). This week also help me better understand the formulation for simple interest, rate of return on assets (ROA), the components of the GDP equation as well as how inflation rates are determined and the equation to find them. All in all this week has been filled with excitement, wonder and refreshment for myself and I hope the next 5 weeks keep up the same pace. I enjoy learning mathematical equations, terms and trying to apply what I have learned. I might not be the brightest when it comes to math but I will give it my all.

Week 1 DQ 1

The purpose of this DQ is to provide more information on concepts such as the GDP, inflation rates, costs, return on investment. As part of your first individual assignment in MyMathLab for this week, you will gain some practice on the mathematical techniques behind these concepts. This DQ helps you in a general understanding of some of these business concepts. From your readings, and general internet sources, provide a brief description of the concepts given below. Each student should pick one topic to provide their original response, and a...