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Business Applications In this section let's take a look at some applications of derivatives in the business world. For the most of the part these are actually applications wh
Combined Mean And Standard Deviation Occasionally we may need to combine 2 or more samples say A and B. Therefore it is essential to identify the new mean and the new standard
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The median - it is a statistical value which is usually located at the center of a given set of data that has been organized in the order of size or magnitude as illustrating,
General approach of Exponential Functions : Before getting to this function let's take a much more general approach to things. Let's begin with b = 0 , b ≠ 1. Then an exponential f
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Product Moment Coefficient This gives an indication of the strength of the linear relationship among two variables. Note that this formula can be rearranged to have di
Type I and type II errors When testing hypothesis (H 0 ) and deciding to either reject or accept a null hypothesis, there are four possible happenings. a) Acceptance of a t
Logarithm Functions : Now let's briefly get the derivatives for logarithms. In this case we will have to start with the following fact regarding functions that are inverses of ea
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