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Business Mathematics


             AFTERSCHOOOL – DEVELOPING CHANGE
                              MAKERS
            CENTRE FOR SOCIAL ENTREPRENEURSHIP
                       PGPSE PROGRAMME –
            World’ Most Comprehensive programme in social
             entrepreneurship & spiritual entrepreneurship
                    OPEN FOR ALL FREE FOR ALL




www.afterschoool.tk      AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Business Mathematics
                       Dr. T.K. Jain.
                    AFTERSCHOOOL
            Centre for social entrepreneurship
                         Bikaner
                      M: 9414430763
                 tkjainbkn@yahoo.co.in
                    www.afterschool.tk
                   www.afterschoool.tk


www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
You have 8 routes to go from your
home to office. How many choices do
you have to go and return (you don’t
use same route while returning)?

     8*7


     =56 (because you don’t use same route

     while returning, so choices are not 8 but
     7).



    www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
You have 8 routes to go from your
      home to office. How many choices do
      you have to go and return (you use
      same route while returning)?

     8 answer


    (because you don’t have choice while

    returning).




       www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
How many telephone connections
can be alloted from 8 numbers – from
0 to 9?

    You can use a number again and again

    – for example a number can be
    11111111.
    Thus you have 10 choices for each of

    the 8 digits.
    Thus 10^8 is the answer.





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
3 persons have 8 seats for them. In
how many ways can they occupy
these?

    8p3 (because order is important here, so

    use permutation).




www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
How many 4 digit numbers greater
than 7000 can be formed out of
3,4,7,8,9?

    You have 3 choices for first digit (7,8,9)


    You have now (5-1) = 4 choices for 2nd

    digit, you have 3 choices for 3rd digit, you
    have 2 choices for 4th digit.
    Thus : 3*4*3*2 = 72 answer.





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
In how many ways can we arrange 5
books of OB, 3 of Mgmt and 3 of Law,
if books of one subject are always
together?

    There are 3 subjects, so we have 3!.


    Books of one subject can be

    interchanged easily. Thus we have 5!*3!
    *3!
    =3!*5!*3!*3! =25920 Answer.





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
In how many ways can we set 10
examination papers so that the best
and the worst paper never come
together?


      We have total 10!
1.
      But best and worst cannot come
2.
      together, let us treat them as one and
      find the cases when they come
      together. Thus we have (10-1)!*2
      Remove step 2 from step 1.
3.
      Answer: 10! – (9!*2)=2903040
4.

 www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
We organise a group discussion at
AFTERSCHOOOL, where 15 students
participate. Two particular students
always sit together. In how many
ways can they sit for GD?

    Two students are always together, so let

    us treat them as one. We have 14
    students now.
    (N-1)!. Thus 13 factorial. However, 2

    students can exchange seats among
    themselves, so we have 13! * 2 answer.
    =12454041600 ans.

www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
How many 4 digit words can be
made from Mathematics?
    We have 11 digits.

    We have repeatition of A, T, M.

    Thus we have 8 digits. We have choices

    like all different digits, or 2 common and 2
    different digits or 2 pairs.
    All different : 8p4 = 1680

    1 pair and 3 different digits: 3p1 *7p2 =

    126 *3! =756
    2 pairs from 3 = 3p2 = 6 *3 = 18

    Total =2454 answer.


www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
How many ways 4 digits may be
selected from Mathematics?
    We have 11 digits.

    We have repeatition of A, T, M.

    Thus we have 8 digits. We have choices

    like all different digits, or 2 common and 2
    different digits or 2 pairs.
    All different : 8c4 = 70

    1 pair and 3 different digits: 3c1 *7c2 =63

    2 pairs from 3 = 3c2 = 3

    Total = 136





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
In how many ways can 9 students sit
on a bench to be photographed, if 2
particular students want to sit at
corner positions only?

    Corner positions are occupied, so we

    have 7 positions left. We have 7!. The
    corner positions can be changed.
    Thus answer is 7! * 2


    = 10080 answer.





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
In how many ways can I make a
necklace from 9 jewels that I have ?

    Formulae = (n-1)! / 2


    =8!/2


    =20160 answer.





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
A boat’s crew consist of 8 men, 3 of
whom can row only on one side and 2
only on the other. The number of
ways in which the crew can be
arranged is ?

    We have to take equal number of persons on

    both the sides of the boat. Thus we have to
    take 4 persons on each side. We have 4
    seats on both sides. Thus we have total 4!
    Choices on one side, thus total number of
    choices are 4!*4! (with 3 on one side and 2
    on other). However, we have 3 persons who
    can sit on either side. So let us multiply 576
    *3, we get 1728. answer.
www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
ABOUT AFTERSCHOOOL
  Afterschoool conducts three year integrated PGPSE (after
class 12th along with IAS / CA / CS) and 18 month PGPSE
(Post Graduate Programme in Social Entrepreneurship) along
with preparation for CS / CFP / CFA /CMA / FRM. This course
is also available online also. It also conducts workshops on
social entrepreneurship in schools and colleges all over India –
start social entrepreneurship club in your institution today with
the help from afterschoool and help us in developing society.




   www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Why such a programme?
    To promote people to take up entrepreneurship

    and help develop the society
    To enable people to take up franchising and

    other such options to start a business / social
    development project
    To enable people to take up social development

    as their mission
    To enable people to promote spirituality and

    positive thinking in the world

www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Who are our supporters?
    Afterschoolians, our past beneficiaries,

    entrepreneurs and social entrepreneurs
    are supporting us.
    You can also support us – not

    necessarily by money – but by being
    promotor of our concept and our ideas.




www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
About AFTERSCHOOOL PGPSE – the best
programme for developing great entrepreneurs

    Most flexible, adaptive but rigorous programme


    Available in distance learning mode


    Case study focused- latest cases


    Industry oriented practical curriculum


    Designed to make you entrepreneurs – not just

    an employee
    Option to take up part time job – so earn while

    you learn
    The only absolutely free course on internet



www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Workshops from
AFTERSCHOOOL
    IIF, Delhi

    CIPS, Jaipur

    ICSI Hyderabad Branch

    Gyan Vihar, Jaipur

    Apex Institute of Management, Jaipur

    Aravali Institute of Management, Jodhpur

    Xavier Institute of Management, Bhubaneshwar

    Pacific Institute, Udaipur

    Engineering College, Hyderabad





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Flexible Specialisations:
    Spiritualising business and society

    Rural development and transformation

    HRD and Education, Social Development

    NGO and voluntary work

    Investment analysis,microfinance and inclusion

    Retail sector, BPO, KPO

    Accounting & Information system (with CA / CS /CMA)

    Hospital management and Health care

    Hospitality sector and culture and heritage

    Other sectors of high growth, high technology and social

    relevance



www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Salient features:
   The only programme of its kind (in the whole world)

 No publicity and low profile course
 For those who want to achieve success in life – not just a
   degree
 Indepth knowledge and expertise
 Professional approac: World class approach
 Strong intellectual and business capabilities
 Flexible – you may stay for a month and continue the rest of
   the education by distance mode. / you may attend weekend
   classes
 Scholarships for those from poor economic background
 Latest and constantly changing curriculum – keeping pace
   with the time
 Placement for those who are interested
 Admissions open throughout the year
 Latest and most advanced technologies, books and study
   material
 www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Components
      Pedagogy curriculum and approach based on IIM Ahmedabad and ISB

      Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad)
      Meditation, spiritualisation, and self development

      Essential softwares for business

      Business plan, Research projects

      Participation in conferences / seminars

      Workshops on leadership, team building etc.

      Written submissions of research projects/articles / papers

      Interview of entrepreneurs, writing biographies of entrepreneurs

      Editing of journals / newsletters

      Consultancy / research projects

      Assignments, communication skill workshops

      Participation in conferences and seminars

      Group discussions, mock interviews, self development diaryng

      Mind Power Training & writing workshop (by Dr. T.K.Jain)





    www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Pedagogy
    Case analysis,

    Articles from Harvard Business Review

    Quiz, seminars, workshops, games,

    Visits to entrepreneurs and industrial visits

    Presentations, Latest audio-visuals

    Group discussions and group projects

    Periodic self assessment

    Mentoring and counselling

    Study exchange programme (with institutions out of India)

    Rural development / Social welfare projects





www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Branches
    AFTERSCHOOOL will shortly open its

    branches in important cities in India
    including Delhi, Kota, Mumbai, Gurgaon
    and other important cities.
    Afterschooolians will be responsible for
    managing and developing these
    branches – and for promoting social
    entrepreneurs.


www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Case Studies
    We want to write case studies on social

    entrepreneurs, first generation
    entrepreneurs, ethical entrepreneurs.
    Please help us in this process. Help us
    to be in touch with entrepreneurs, so that
    we may develop entrepreneurs.




www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
Basic values at afterschoool
    Share to learn more

    Interact to develop yourself

    Fear is your worst enemy

    Make mistakes to learn

    Study & discuss in a group

    Criticism is the healthy route to mutual support

    and help
    Ask fundamental questions : why, when, how &

    where?
    Embrace change – and compete with yourself

    only
www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
www.afterschoool.tk
social entrepreneurship for better
society




www.afterschoool.tk   AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS

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Chi Square 17 October

  • 1. Business Mathematics AFTERSCHOOOL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 2. Business Mathematics Dr. T.K. Jain. AFTERSCHOOOL Centre for social entrepreneurship Bikaner M: 9414430763 tkjainbkn@yahoo.co.in www.afterschool.tk www.afterschoool.tk www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 3. You have 8 routes to go from your home to office. How many choices do you have to go and return (you don’t use same route while returning)? 8*7  =56 (because you don’t use same route  while returning, so choices are not 8 but 7). www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 4. You have 8 routes to go from your home to office. How many choices do you have to go and return (you use same route while returning)? 8 answer  (because you don’t have choice while  returning). www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 5. How many telephone connections can be alloted from 8 numbers – from 0 to 9? You can use a number again and again  – for example a number can be 11111111. Thus you have 10 choices for each of  the 8 digits. Thus 10^8 is the answer.  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 6. 3 persons have 8 seats for them. In how many ways can they occupy these? 8p3 (because order is important here, so  use permutation). www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 7. How many 4 digit numbers greater than 7000 can be formed out of 3,4,7,8,9? You have 3 choices for first digit (7,8,9)  You have now (5-1) = 4 choices for 2nd  digit, you have 3 choices for 3rd digit, you have 2 choices for 4th digit. Thus : 3*4*3*2 = 72 answer.  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 8. In how many ways can we arrange 5 books of OB, 3 of Mgmt and 3 of Law, if books of one subject are always together? There are 3 subjects, so we have 3!.  Books of one subject can be  interchanged easily. Thus we have 5!*3! *3! =3!*5!*3!*3! =25920 Answer.  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 9. In how many ways can we set 10 examination papers so that the best and the worst paper never come together? We have total 10! 1. But best and worst cannot come 2. together, let us treat them as one and find the cases when they come together. Thus we have (10-1)!*2 Remove step 2 from step 1. 3. Answer: 10! – (9!*2)=2903040 4. www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 10. We organise a group discussion at AFTERSCHOOOL, where 15 students participate. Two particular students always sit together. In how many ways can they sit for GD? Two students are always together, so let  us treat them as one. We have 14 students now. (N-1)!. Thus 13 factorial. However, 2  students can exchange seats among themselves, so we have 13! * 2 answer. =12454041600 ans.  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 11. How many 4 digit words can be made from Mathematics? We have 11 digits.  We have repeatition of A, T, M.  Thus we have 8 digits. We have choices  like all different digits, or 2 common and 2 different digits or 2 pairs. All different : 8p4 = 1680  1 pair and 3 different digits: 3p1 *7p2 =  126 *3! =756 2 pairs from 3 = 3p2 = 6 *3 = 18  Total =2454 answer.  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 12. How many ways 4 digits may be selected from Mathematics? We have 11 digits.  We have repeatition of A, T, M.  Thus we have 8 digits. We have choices  like all different digits, or 2 common and 2 different digits or 2 pairs. All different : 8c4 = 70  1 pair and 3 different digits: 3c1 *7c2 =63  2 pairs from 3 = 3c2 = 3  Total = 136  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 13. In how many ways can 9 students sit on a bench to be photographed, if 2 particular students want to sit at corner positions only? Corner positions are occupied, so we  have 7 positions left. We have 7!. The corner positions can be changed. Thus answer is 7! * 2  = 10080 answer.  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 14. In how many ways can I make a necklace from 9 jewels that I have ? Formulae = (n-1)! / 2  =8!/2  =20160 answer.  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 15. A boat’s crew consist of 8 men, 3 of whom can row only on one side and 2 only on the other. The number of ways in which the crew can be arranged is ? We have to take equal number of persons on  both the sides of the boat. Thus we have to take 4 persons on each side. We have 4 seats on both sides. Thus we have total 4! Choices on one side, thus total number of choices are 4!*4! (with 3 on one side and 2 on other). However, we have 3 persons who can sit on either side. So let us multiply 576 *3, we get 1728. answer. www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 16. ABOUT AFTERSCHOOOL Afterschoool conducts three year integrated PGPSE (after class 12th along with IAS / CA / CS) and 18 month PGPSE (Post Graduate Programme in Social Entrepreneurship) along with preparation for CS / CFP / CFA /CMA / FRM. This course is also available online also. It also conducts workshops on social entrepreneurship in schools and colleges all over India – start social entrepreneurship club in your institution today with the help from afterschoool and help us in developing society. www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 17. Why such a programme? To promote people to take up entrepreneurship  and help develop the society To enable people to take up franchising and  other such options to start a business / social development project To enable people to take up social development  as their mission To enable people to promote spirituality and  positive thinking in the world www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 18. Who are our supporters? Afterschoolians, our past beneficiaries,  entrepreneurs and social entrepreneurs are supporting us. You can also support us – not  necessarily by money – but by being promotor of our concept and our ideas. www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 19. About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs Most flexible, adaptive but rigorous programme  Available in distance learning mode  Case study focused- latest cases  Industry oriented practical curriculum  Designed to make you entrepreneurs – not just  an employee Option to take up part time job – so earn while  you learn The only absolutely free course on internet  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 20. Workshops from AFTERSCHOOOL IIF, Delhi  CIPS, Jaipur  ICSI Hyderabad Branch  Gyan Vihar, Jaipur  Apex Institute of Management, Jaipur  Aravali Institute of Management, Jodhpur  Xavier Institute of Management, Bhubaneshwar  Pacific Institute, Udaipur  Engineering College, Hyderabad  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 21. Flexible Specialisations: Spiritualising business and society  Rural development and transformation  HRD and Education, Social Development  NGO and voluntary work  Investment analysis,microfinance and inclusion  Retail sector, BPO, KPO  Accounting & Information system (with CA / CS /CMA)  Hospital management and Health care  Hospitality sector and culture and heritage  Other sectors of high growth, high technology and social  relevance www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 22. Salient features: The only programme of its kind (in the whole world)   No publicity and low profile course  For those who want to achieve success in life – not just a degree  Indepth knowledge and expertise  Professional approac: World class approach  Strong intellectual and business capabilities  Flexible – you may stay for a month and continue the rest of the education by distance mode. / you may attend weekend classes  Scholarships for those from poor economic background  Latest and constantly changing curriculum – keeping pace with the time  Placement for those who are interested  Admissions open throughout the year  Latest and most advanced technologies, books and study material www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 23. Components Pedagogy curriculum and approach based on IIM Ahmedabad and ISB  Hyderabad (the founder is alumnus from IIMA & ISB Hyderabad) Meditation, spiritualisation, and self development  Essential softwares for business  Business plan, Research projects  Participation in conferences / seminars  Workshops on leadership, team building etc.  Written submissions of research projects/articles / papers  Interview of entrepreneurs, writing biographies of entrepreneurs  Editing of journals / newsletters  Consultancy / research projects  Assignments, communication skill workshops  Participation in conferences and seminars  Group discussions, mock interviews, self development diaryng  Mind Power Training & writing workshop (by Dr. T.K.Jain)  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 24. Pedagogy Case analysis,  Articles from Harvard Business Review  Quiz, seminars, workshops, games,  Visits to entrepreneurs and industrial visits  Presentations, Latest audio-visuals  Group discussions and group projects  Periodic self assessment  Mentoring and counselling  Study exchange programme (with institutions out of India)  Rural development / Social welfare projects  www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 25. Branches AFTERSCHOOOL will shortly open its  branches in important cities in India including Delhi, Kota, Mumbai, Gurgaon and other important cities. Afterschooolians will be responsible for managing and developing these branches – and for promoting social entrepreneurs. www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 26. Case Studies We want to write case studies on social  entrepreneurs, first generation entrepreneurs, ethical entrepreneurs. Please help us in this process. Help us to be in touch with entrepreneurs, so that we may develop entrepreneurs. www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 27. Basic values at afterschoool Share to learn more  Interact to develop yourself  Fear is your worst enemy  Make mistakes to learn  Study & discuss in a group  Criticism is the healthy route to mutual support  and help Ask fundamental questions : why, when, how &  where? Embrace change – and compete with yourself  only www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS
  • 28. www.afterschoool.tk social entrepreneurship for better society www.afterschoool.tk AFTERSCHOOOL MATERIAL FOR PGPSE PARTICIPANTS