The statistical portion of the course enables the students to use various types of graphs to present information. Students are also introduced to basic measures of central tendencies and dispersions for both sample and population. Students will be able to use these basic statistical measures to make reasonable business decisions. Students will also be able to use time-series knowledge to perform short term forecasting using a statistical package as a tool. Student will also be able to use the consumer price index to find the purchasing power of a dollar and “real” wages. Students will be able to use knowledge of basic mathematical functions to describe business relationships and build models. They will be able to apply knowledge of linear and quadratic functions and constrained optimization to practical business situations. Students will be able to apply knowledge of simple and compound interest and annuities to mathematics of finance areas.