# Using Mathematics in the Wholesale and Retail Industry

Statistics and probability are sections of mathematics that deal with data collection and analysis. Probability is the study of chance and is a very fundamental subject that we apply in everyday living, while statistics is more concerned with how we handle data using different analysis techniques and collection methods.

Statistics and probability are sections of mathematics that deal with data collection and analysis. Probability is the study of chance and is a very fundamental subject that we apply in everyday living, while statistics is more concerned with how we handle data using different analysis techniques and collection methods.

The essential purposes of the mathematical literacy requirement are that, as the learner progresses with confidence through the levels, the learner will grow in the following areas:

Confident, insightful use of mathematics in the management of the needs of everyday living to become a self-managing person. An understanding of mathematical applications that provides insight into the learner’s present and future occupational experiences and so develop into a contributing worker. The ability to voice a critical sensitivity to the role of mathematics in a democratic society and so become a participating citizen.

### Rational and Irrational Numbers 7480

1
Lesson 84: Numbers
3:41
2
Lesson 85: Number Names and Symbols
1:34
3
Lesson 86: Types of Numbers and Place Value
2:46
4
Lesson 87: Multiplication Inverse
1:02
5
Lesson 88: Equivalent Forms of Rational Numbers
6:30
6
Lesson 89: Rational versus Irrational Numbers
3:21
7
Lesson 90: Squares and Square Roots
4:57
8
Lesson 91: Basic Properties of Numbers
3:05
9
Lesson 92: Rounding Numbers, Fractions, and Sums
5:52
10
Lesson 93: Problem Solving Techniques and Strategies
3:35
11
Lesson 94: Estimation
3:35
12
Lesson 95: Using a Calculator
2:02
13
Lesson 96: Solving Mathematical Problems
3:38
14
Lesson 97: Ratio and Proportion Word Problems
3:32
15
Lesson 98: Translating and Solving Word Problems
3:44
16
Quiz 7: Numbers
10 questions

### Patterns to Solve Problems 9007

1
Lesson 7: Patterns and Functional Relationships
7:00
2
Lesson 8: Mathematical Situations and Structures
6:37
3
Lesson 9: Solve Problems in Mathematical and Real-life Situations
5:33
4
Lesson 10: Interpret the Equivalence of Different Descriptions
7:07
5
Quiz 2: Mathematical Patterns, Functions and Algebra
10 questions

### Shapes in Different Contexts 9008

1
Lesson 1: Basic Geometric Shapes and Transformations
7:12
2
Lesson 2: Properties of Geometric Figures and Solids
6:44
3
Lesson 3: Scales and Maps
6:51
4
Lesson 4: Solve Problems with Formulae
5:36
5
Lesson 5: Solve Problems with Formulae: Part B
6:54
6
Lesson 6: Views of Objects
3:46
7
Quiz 1: Objects in Measurements
10 questions

### Stats and Probability 9009

1
Lesson 1: Data
11:18
2
Lesson 2: Statistics
4:50
3
Lesson 3: Statistical Basics
3:30
4
Lesson 4: Data Collection
12:42
5
Lesson 5: Data Collection Methods
4:29
6
Quiz 1: Collecting, Organising and Representing Data
10 questions
7
Lesson 6: Probability Models
2:08
8
Lesson 7: Measurement
4:18
9
Lesson 8: Statistical Calculations
5:20
10
Lesson 9: Measures of Dispersion
10:43
11
Quiz 2: Probability Models
11 questions
12
Lesson 10: Probability
12:15
13
Lesson 11: Conditional Probability
3:20
14
Lesson 12: Independent vs Dependent Events
2:31
15
Lesson 13: Calculating Probability
15:15
16
Lesson 14: Probability and Statistical Models
6:08
17
Lesson 15: Full Picture of the Data
6:43
18
Quiz 3: Probability and Statistical Models
8 questions

1
Lesson 1: Calculate Shape and Motion
4:05
2
Quiz 1: Formula
3 questions
3
Lesson 2: Geometrical Relationships
2:16
4
Quiz 2: Shapes & Figures
3 questions

### Budgeting 7469

1
Lesson 1: Budget
7:39
2
Lesson 2: Budgeting Process
3:13
3
Lesson 3: Terminology
4:41
4
Quiz 1: Using Mathematics for Financial Instruments
8 questions
5
Lesson 4: Simple and Compound Interest
9:39
6
Lesson 5: Interest Rates
5:14
7
Lesson 6: Time Value of Money
3:50
8
Lesson 7: Annuity
6:19
9
Lesson 8: Futures
14:59
10
Lesson 9: Investing in Shares
8:53
11
Lesson 10: Pooled Investments
8:27
12
Lesson 11: RA’s vs Endowments
7:31
13
Quiz 2: Simple & Compound Interest
15 questions
14
Lesson 12: Profit Maximisation
2:46
15
Lesson 13: Marginal Revenue
9:19
16
Lesson 14: Marginal Cost
5:14
17
Quiz 3: Costs & Revenue
6 questions
18
Lesson 15: Exchange Rates
7:37
19
Lesson 16: Currency in Relation to Remuneration
2:14
20
Lesson 17: Monetary Policy
6:13
21
Quiz 4: National & Global Economy
5 questions

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