1. The Power of Ratios and Percentages
How to compare Olympic medals won in Rio
()
Growth rates, the Rule of 72, and the danger of extrapolation
()
Financial ratios and determining the unpaid inventory of Walmart
()
Convert to percentages: Least common denominator, stock prices, and common-size financial statements
()
Converting numbers: Mars, miles, dollars, and Usain Bolt
()
2. Applied Probability and Statistics
Low-probability events: Fear of flying, black swans, and extinction of the dinosaurs
()
Famous averages: Dow Jones and consumer prices
()
Income distribution: The difference between mean and median
()
Probabilities: Life insurance and the weather
()
Conditional probabilities and counting cards
()
Variance and the concept of risk
()
3. Numerical Planning and Measurement
Numerical planning and everyday decisions
()
Create, monitor, and evaluate your budget
()
How many KPIs should an organization have?
()
How the market responds so fast to an earnings announcement
()
Forecast the timing and amount of a business loan
()
4. Interest: Paying and Earning
Time value of candy (and money)
()
The power of compound interest
()
Loan payments and interest rates
()
Start saving early for retirement
()
5. The Art of Numerical Estimation
Numerical estimation: How many windshield wiper blades are sold in Salt Lake City each year?
()
Calibrate uncertainty: What is the wingspan of a 747?
()
Identifying key variables: What is the value of your neighbor's house?
()
What would it cost to construct a custom-made oak table?
()
Conclusion
Quick understandings that come from numbers
()
Glossary_BusinessMath.zip
(1000 KB)