On completion of this subject students should have become competent in using basic mathematical concepts fundamental to business practice; using spreadsheets in basic business problems; using basic techniques of financial mathematics; using and interpreting descriptive statistical techniques in business; performing business applications involving basic concepts of probability and probability distributions; using basic techniques of statistical inference on the mean; applying basic techniques of correlation and simple linear regression; using basic time series techniques (indexing, deflating and forecasting); effectively communicating the results of their analyses of problems.