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Business Mathematics and Statistics 7e

ISBN-13: 9781408083154 / ISBN-10: 1408083159

Andre Francis, Queens Medical Centre, University of Nottingham
Ben Mousley, Corvinus University of Budapest
Published by Cengage Learning, ©2014
Available Now

This seventh edition of Business Mathematics and Statistics provides a thorough grounding in basic mathematical and statistical techniques, helping students to learn how to make decisions when presented with incomplete information.

Comprehensive coverage of statistical methods, management mathematics and probability and extensive examples and questions make this essential reading for students on business and accounting courses and also students studying economics.


  • Numerous examples in each chapter bring the maths to life and apply theory to context.
  • Self-review and exercise sections at the end of every chapter allow students to test their knowledge of what they have just learned.
  • Provides an accessible and practical foundation in the mathematical and statistical techniques used in business and management.
  • Examination examples and worked solutions at the end of each part help support effective preparation for examinations.
  • The seventh edition also comes with a companion website of useful resources including additional questions and answers.

1 Introduction to Business Mathematics and Statistics

Part 1. Data and their presentation
2. Sampling and Data Collection
3. Data and their Accuracy
4. Frequency Distributions and Charts
5. General Charts and Graphs

Part 2. Statistical measures
6. Arithmetic Mean
7. Median
8. Mode and Other Measures of Location
9. Measures of Dispersion and Skewness
10. Standard Deviation
11. Quantiles and the Quartile Deviation

Part 3. Regression and correlation
12. Linear Functions and Graphs
13. Regression Techniques
14. Correlation Techniques

Part 4. Time series analysis
15. Time Series Model
16. Time Series Trend
17. Seasonal Variation and Forecasting

Part 5 Index numbers
18. Index Relatives
19. Composite Index Numbers
20. Special Published Indices

Part 6. Compounding, discounting and annuities
21. Interest and Depreciation
22. Present Value and Investment Appraisal
23. Annuities

Part 7 Business equations and graphs
24. Functions and Graphs
25. Linear Equations
26. Quadratic and Cubic Equations
27. Differentiation and Integration
28. Cost, Revenue and Profit Functions
Examination examples and questions

Part 8 Probability
29. Set Theory and Enumeration
30. Introduction to Probability
31. Conditional Probability and Expectation

Part 9. Further probability
32. Combinations and Permutations
33. Binomial and Poisson Distributions
34. Normal Distribution

Part 10 Specialised business applications
35. Linear Inequalities
36. Matrices
37. Inventory Control
38. Network Planning and Analysis
Andre Francis
Andre Francis has recently retired from his position as a medical statistician at QMC, University Hospital, Nottingham. He also taught mathematics, statistics and information processing to students on business and professional courses for many years.

Ben Mousley
Ben Mousley currently teaches mathematics and statistics in the United Arab Emirates. He also teaches postgraduate quantitative and qualitative research at the Corvinus University of Budapest, Hungary and was previously lecturer in postgraduate marketing research and undergraduate statistics.