Quantitative reasoning is the analysis of numerical data. I have never had any experience with Quantitative Reasoning for Business, after reading the Quantitative Reasoning for Business Overview and attempting to take the QRB quiz, I found that I still did not have a clear understanding of the course objectives. Therefore, taking this course will give me familiarity and understanding of the concepts associated with it. These concepts will aid me in thinking analytically to solve problems, particularly that of a mathematical nature.
I will apply the concepts of QRB to future courses in accounting, economics, operations, finance, and research. Economics is the study of the production, distribution, and consumption of goods. Graphs and tables are used to demonstrate the supply and demand curves. QRB will be beneficial in analyzing supply and demand. Research is the discovery and interpretation of activities. Statistics are used for research and QRB course will prepare for analyzing statistical data. Accounting is the proper allocation of resources. The Quantitative Reasoning for Business course will help in understanding some of the methods used in accounting to make decisions such as whether or not to purchase new equipment. The Quantitative Reasoning for Business course will help utilize forecasting methods that are used in operations. The course will also teach concepts of finance such as the break-even analysis. All courses are necessary in successfully applying the concepts learned to real business situations. The desired outcome of the course is to be able to think analytically and make sound business decisions.
Quantitative Reasoning for Business Overview, University of Phoenix 2008