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The Crucial Role of Mathematics in Both Business and Society

Analyze the crucial role of mathematics in both business and society.

To answer this question, discuss how business math is useful in analyzing a company’s financial performance. Describe how to evaluate and improve the quality of the information in the face of uncertainty, present and clarify options, model available alternatives and their consequences, and even control the smaller decisions necessary to reach a larger goal using math. Discuss how entrepreneurs can use mathematical formulas to comprehend how certain actions affect their financial status, additionally, how they could advance their business.

There are the Five Process Standards from Principles and Standards for School Mathematics. In the article “No Tears Here! Third-Grade Problem Solvers” by Hartweg and Heisler, a problem-solving approach was presented that was implemented in three classrooms. Discuss (in detail) the similarities between the Standards for Mathematical Practice and the problem-solving approach implemented that was discussed in the article.
Additive and Multiplicative Models in Time Series Modeling