About This Chapter
PLACE Marketing: Basic Math Concepts - Chapter Summary
Use the lessons in this chapter to review basic math concepts a marketing teacher should know, including how to do calculations with percents, ratios and fractions. Our videos can prepare you for questions on the following topics as you get ready to take the PLACE Marketing Education exam:
- Bar graphs and pie charts
- The order of operations
- Fractions, mixed numbers and decimal numbers
- Relative and cumulative frequency tables
- Ratios, proportions and rates
- Financial ratio analysis
- Mean, median, mode and range
- Standard deviation
These lessons go over topics you may not have studied since your high school years, giving you an enjoyable review as you prepare for the PLACE Marketing Education exam. You can watch the videos any time you have a few extra minutes from either a computer or mobile device.
Objectives of the PLACE Marketing: Basic Math Concepts Chapter
In Colorado, one of the requirements for certification to teach marketing is passing the PLACE Marketing Education exam. This exam contains three main subareas, and questions on information in these lessons are in the Basic Concepts of Business and Marketing subarea.
The PLACE Marketing Education exam consists entirely of multiple-choice questions, like the brief quizzes in each of our videos. These quizzes let you see what answering these kinds of questions will be like on test day and also let you gauge your learning and find out if extra review is needed.
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 PLACE Marketing Education: Practice & Study Guide course
- PLACE Marketing: Internal Marketing Principles
- PLACE Marketing: External Marketing Principles
- PLACE Marketing: Product & Services Marketing
- PLACE Marketing: Pricing Objectives & Strategy
- PLACE Marketing: Transportation, Distribution & Logistics
- PLACE Marketing: Sales Promotion
- PLACE Marketing: Entrepreneurship
- PLACE Marketing: Accounting
- PLACE Marketing: Finance
- PLACE Marketing: Macroeconomics
- PLACE Marketing: Microeconomics
- PLACE Marketing: International Trade & Global Marketing
- PLACE Marketing: Human Resource Management
- PLACE Marketing: Employee Staffing & Retention
- PLACE Marketing: Business Laws & Regulations
- PLACE Marketing: Business Technology
- PLACE Marketing: Computer Literacy
- PLACE Marketing: Information Systems
- PLACE Marketing: Business Communication
- PLACE Marketing: Education & Career Planning
- PLACE Marketing: Employment Skills
- PLACE Marketing: Career Development
- PLACE Marketing Education Flashcards