Page 22 - Mathematics of Business and Finance

2 Chapter 1 | Review of Basic Arithmetic

Chapter
1 REVIEW OF

BASIC ARITHMETIC

LEARNING OBJECTIVES

■ Identify place values of numbers and apply to round whole numbers, decimal numbers, and percents to the
required place values.
■ Determine least common multiples or denominators (LCM or LCD) and greatest common factors (GCF).
■ Identify types of fractions and perform computations using fractions.
■ Perform basic arithmetic operations by following the order of operations with integers, decimals, and fractions.
■ Calculate simple arithmetic averages, weighted averages, and geometric averages for a set of values.

CHAPTER OUTLINE

1.1 Place Value of Numbers and Rounding Numbers
1.2 Factors and Multiples
1.3 Fractions
1.4 Order of Operations (BEDMAS)
1.5 Averages