About This Chapter
MTTC: Business Math - Chapter Summary
Use this chapter to review the mathematical skills needed to answer questions on Michigan Test for Teacher Certification (MTTC): Business, Management, Marketing and Technology about business math. Follow along with our expert instructors in this series of lesson videos as they step you through the procedures used to:
- Read bar graphs and pie charts
- Follow the order of operations
- Solve problems with fractions, mixed numbers and percentages
- Calculate proportions, ratios and rates
- Conduct financial ratio analysis
- Calculate measures of central tendency and deviation
Take advantage of the versatility of this chapter by watching these lesson videos on your mobile devices when you are away from your desk. You can print the lesson quizzes for offline study, too. Whenever you find topics you don't fully understand, use video tags to go to the sections of the lessons that discuss them or try reading over the lesson transcripts. Also, don't forget to ask our instructors for assistance when you come upon topics that confuse you.
MTTC: Business Math Chapter Objectives
Michigan uses the MTTC: Business, Management, Marketing and Technology to measure future educators' understanding of business, management, marketing and technology. This certification exam is a paper-based test that involves completing 100 multiple-choice questions in a four-hour, 30-minute testing session. Of these questions, 25% will test your understanding of business, and will include some questions about business math. This chapter has been assembled to help you improve your skills with business mathematics so that you can effectively respond to these questions.
1. Understanding Bar Graphs and Pie Charts
In this lesson, we will examine two of the most widely used types of graphs: bar graphs and pie charts. These two graphs can provide the reader with a comparison of the different data that is displayed.
2. What Is The Order of Operations in Math? - Definition & Examples
The order of operations is the steps used to simplify any mathematical expression. In this video, learn how to solve problems using these steps and easy tricks to remember them.
3. Solving Problems using Fractions and Mixed Numbers
Fractions don't just live in math problems. They're all around us, helping us through our lives. In this lesson, we'll look at real scenarios where your ability to work with fractions can save the day.
4. Solve Problems Using Percents
Percents are your friend. Think of all the cool things percents do for you. They save you money, and they tell you how well you are doing in school. Learn how you can solve problems with percents in this video lesson.
5. How to Calculate Percent Increase with Relative & Cumulative Frequency Tables
In statistics, one way to describe and analyze data is by using frequency tables. This lesson will discuss relative and cumulative frequencies and how to calculate percent increase using these two methods.
6. Solving Problems Using Decimal Numbers
Problems involving decimal numbers might sound like a way to torture you, but learning how important these types of problems are in the real world is important. In this lesson, you will see a couple areas in life where you routinely encounter decimal number problems.
7. Proportion: Definition, Application & Examples
When we want to compare one ratio, or fraction, to another equivalent ratio, it's a proportion. Learn all about proportions and practice solving proportion problems in this lesson.
8. Ratios & Rates: Definitions & Examples
If we have two items, or two numbers, and we want to compare them, what language can we use? How do we write the comparison? Find out as we learn about ratios and rates in this lesson.
9. Calculations with Ratios and Proportions
Even if only 99 out of 100 people need to know how to work with ratios, the odds that they'll be useful to you are very high. In this lesson, we'll practice performing calculations with ratios and proportions.
10. Financial Ratio Calculation and Analysis
After watching this video lesson, you will understand how financial ratios are calculated. You will also understand where they come from and how to read them.
11. How to Calculate Mean, Median, Mode & Range
Measures of central tendency can provide valuable information about a set of data. In this lesson, explore how to calculate the mean, median, mode and range of any given data set.
12. Calculating the Standard Deviation
In this lesson, we will examine the meaning and process of calculating the standard deviation of a data set. Standard deviation can help to determine if the data set is a normal distribution.
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Other chapters within the MTTC Business, Management, Marketing & Technology (098): Practice & Study Guide course
- MTTC: Accounting
- MTTC: Account Types
- MTTC: Financial Statements
- MTTC: Financial Planning & Markets
- MTTC: Taxation & Liability
- MTTC: Business Communication Strategies
- MTTC: Types of Business Communication
- MTTC: Regulation in Business
- MTTC: Business Law
- MTTC: Business Ethics
- MTTC: Management & Leadership
- MTTC: Human Resource Management
- MTTC: Human Resource Processes
- MTTC: Labor Relations
- MTTC: Macroeconomics
- MTTC: Microeconomics
- MTTC: Personal Finance
- MTTC: Managing Debt & Risk
- MTTC: Marketing Strategy
- MTTC: Consumer Marketing
- MTTC: Marketing Channels & Distribution
- MTTC: Marketing Economics
- MTTC: Entrepreneurship
- MTTC: International Trade & Marketing
- MTTC: Information Technology in Business
- MTTC: Information Systems
- MTTC: Hardware & Software
- MTTC: Security & Privacy
- MTTC: Career Management
- MTTC Business, Management, Marketing & Technology Flashcards