Page 33 - Module 1_Chapter 1_Mathematics in the Modern World

Mathematics in our World
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Data Analysis

Data is everywhere around us and
new data is created every time we

browse the internet, complete a survey

or go shopping.

• To make sense of data we need

statistics. Using mathematics,

we can convert a large collection

of numbers – all of which are Building Bridges

meaningless on their own – into

very accurate information
about the system which created Finance and Banking
the data. Statistics can also tell

us if certain findings are valid or In financial mathematics, traders can buy
significant. or sell stocks in a company commodities like

oil and gold or derivatives which are “virtual”
goods whose prices are derived from the
change of other things.

• For example, you can buy options
which could allow you to buy or sell a
stock at a particular price at some

point in the future – if you still want to
at that time.

Data Analysis

Building Bridges

Engineers need mathematics to
construct stable bridges that can

withstand wind, as well as
Finance and Banking
vibrations caused by driving or walking.

ZANNIE I. GAMUYAO, MSM UNIT 1.5 Applications of Mathematics
Assistant Professor 1 in the World
Department of Arts and Sciences