Mathematics and Stastics

Variance Variance (σ2) in statistics is a measurement of the spread between numbers in a data set. That is, it measures how far each number in the set is from the mean and therefore from every other number in the set. In investing, the variance of the returns among assets in a portfolio is analyzed … Read more

          Important Formulas – Percentage Percentage Percent means for every 100 So, when percent is calculated for any value, it means that we calculate the value for every 100 of the reference value. percent is denoted by the symbol %. For example, x percent is denoted by x% x%=x/100 Example : … Read more

 Computer Binary digit system The binary number system, also called the base-2 number system, is a method of representing numbers that counts by using combinations of only two numerals: zero (0) and one (1). Computers use the binary number system to manipulate and store all of their data including numbers, words, videos, graphics, … Read more

 Discount   The discount is referred to the reduction in the price of some commodity or service. It may anywhere appear in the distribution channel in the form of modifications in marked price (printed on the item) or in retail price (set by retailer usually by pasting a sticker on the item) or in list price (quoted for the buyer). The discount … Read more

 MENSURATION Mensuration is the branch of mathematics which deals with the study of different geometrical shapes, their areas and Volume. In the broadest sense, it is all about the process of measurement. It is based on the use of algebraic equations and geometric calculations to provide measurement data regarding the width, depth and volume … Read more

 Analogy Level-1   CLASSIFICATION LEVEL 1 Classification involves putting things into a class or group according to particular characteristics so it’s easier to make sense of them, whether you’re organizing your shoes, your stock portfolio, or a group of invertebrates.  From all competitive examination classification is one of the most important topics, this … Read more

 Commercial mathematics Banking Banking can be defined literarily as the business activity of accepting and safeguarding money owned by individuals and entities and release of the money whenever the needs arise by the owner. It is the business of managing money and where money is involved everything must be carefully assessed, valued and … Read more

 Average The word “average” is used in everyday life to describe where the middle number of a data set is. It’s the typical number you would expect to find in a series of numbers. In statistics, the average is called the “arithmetic mean,” usually just shortened to the mean. Both the average and … Read more

 Area of triangle The area of triangles can be found by using the following formula:                         Area =  Base × height / 2 The red line represents the length of the base (call it b if you want) and the blue line represents the length of the height.   To get the area, … Read more

 Time and distance Relationship between speed, distance and time Speed = Distance / Time or Distance = Speed × Time Average Speed = 2xy / x+y where x km/hr is a speed for certain distance and y km/hr is a speed at for same distance covered. As we know, Speed = Distance/ Time. … Read more