mathematics

Basic Arithmetic Operations in Mathematics

Basic Arithmetic Operations in Mathematics Read Post »

Which basic arithmetic operations in mathematics do you know? In this article, we would like to summarize the basic arithmetic operations. These are addition, subtraction, multiplication, division, powers, roots, exponents, and logarithms. You can apply all these basic arithmetic operations in all fields of study (mathematics, economics, business administration …, etc.) and everyday life. 1. Introduction to the Basic Arithmetic Operations of Mathematics Without the basic arithmetic operations of mathematics, there is no logic and no foundation to abstract everyday life using numbers. What we perceive every day, we can summarize with numbers. But how can we review everyday phenomena […]

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Basic Rules of Summation

Basic Rules of Summation Read Post »

What are the basic rules of summation (axioms) in mathematics (algebra), and how do we apply the algebraic rules? In this article, we will explain the basic calculation rules. First, we will look at the commutative, associative, and distributive laws of summation. You will also learn about the neutral and the inverse element of counting the sum of numbers. You will need this knowledge in general mathematics, business mathematics, statistics, and everyday life. 1. Introduction to Basic Rules of Summation The axioms (basic rules) of summation are mathematical arguments of logical algebra. Every day we are confronted with mathematical problems

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Derivation rules of functions

Derivation rules of functions Read Post »

The knowledge of derivation rules of functions is important for the application of mathematics in all sciences. In our case, the application of derivation rules plays a major role in the interpretation of economic and business models. In this article, we will therefore introduce you to some of the basic derivation rules that you should master for your analysis in your business studies. 1. Derivation rules of functions in mathematics – differential calculus Derivation rules apply to several basic functions in mathematics and consequently, specify how we can exploit the general form of mathematical functions to find the functional form

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How to explain the Omitted Variable Bias

How to explain the Omitted Variable Bias Read Post »

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