Basic Business Math: Averages and Equations

Overview/Description
Basic math skills are practical in any business situation, whether it be calculating average call turnaround times in a call center or using equations to find the stock of inventory and the items that have been sold in a retail store. Because math skills are valuable in so many business situations, refreshing your skills can demonstrate your mathematical competence and business savvy. This course builds on the basic math that you learned in your school years, showing you how to apply those skills to some common business situations. It helps you to confidently calculate weighted and moving averages, as well as using equations in business through a series of real-life problems and examples.

Target Audience
Individuals wanting to gain, develop, or refine their basic business math skills.

Expected Duration (hours)
1.0

Lesson Objectives

Basic Business Math: Averages and Equations

recognize how to calculate weighted averages

recognize how a knowledge of averages benefits you in business

determine a moving average in a given business problem

use equations in a basic business context