Authors : Amay R Jaiswal

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 Volume 3 Issue 10

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Mathematics is universal it is used everywhere but it has a very important role in the business world. Managers use mathematic techniques (quantitative techniques) for making decision. Quantitative techniques are based on calculations that represent real time scenarios and helps in understanding the complex problems faced by the managers. As firms cannot work on probabilities these techniques are used by managers to gain accuracy and precision.