# AFC3 Quantitative Methods Study text and recommended books

## Course Outline

The course outline gives an overview of Syllabus of icap afc3 quantitative methods study text for Winter 2021. The icap afc3 quantitative methods study text for Winter 2021 attempt can be downloaded rom the links given below. If you are want to get latest and updated course contents of icap afc3 quantitative methods study text for Winter 2021 then you can get it from here.

## Mathematics:

### Basic Mathematics:

• Exponential and logarithmic functions
• Equation of straight line
• Application of straight line in business and economics
• Simultaneous equation- linear and quadratic
• Coordinate system
• System of linear inequalities and their graphical presentation
• Factorisation of equations including factorisation by completion of squares
• Arithmetic progression
• Geometric progression

### Financial mathematics:

• Simple interest
• Compound interest
• Present value
• Future value
• Annuities
• Internal rate of return
• Interpolation and perpetuities

### Linear Programming:

• Graphical solution to linear programming problems involving redundant constraints, bounded and unbounded feasible regions, no feasible solution and alternative optimum solution

### Calculus:

• Rules for differentiation- Sum, difference, product and quotient rules of differentiation
• Marginal function, calculation of revenue, cost and profit of marginal unit
• Use of second order derivatives; maxima, minima and point of inflexion.

### Matrices and determinants:

• Fundamentals of matrices, addition, subtraction, multiplication, inverse of matrices
• Solution of simultaneous linear equations using Cramer’s Rule and Matrix Inverse method

## Statistics:

### Presentation and use of data:

• Collection and tabulation of data
• Presentation through graphs, charts and diagrams, including stem and leaf display, box and whisker plot
• Measures of central tendencies and measures of dispersion

### Index numbers:

• Index numbers, weighted index numbers, concept of purchasing power and deflation of income

### Methods of least square and regression:

• Scatter diagram, linear relationship, simple linear regression lines by method of least square
• Simple linear correlation
• Coefficient of correlation and determination
• Rank correlation

### Probability and probability distribution:

• Counting techniques
• probability
• Addition law for mutually exclusive and non-mutually exclusive events
• Multiplicative laws for dependent and independent events
• Binomial distribution
• Poisson distribution
• Hyper-geometric distribution
• Normal distribution

### Sampling and decision making:

• Simple random sampling
• Sampling distribution of mean
• Standard error of mean
• Sampling with and without replacement
• Testing of hypothesis for population means, difference between population means and population proportion and difference between two population proportions
• Single population variance based on test of chi-square
• Confidence interval for estimating population means, proportions and variance, and differences between proportion means, proportion and variance
• Problems of determination of sample size for the study of population mean and proportion

#### Study material provided by ICAP

Download icap afc3 quantitative methods study text AFC-03 Quantitative Methods – Study Text (2019) from the link given below. Download icap afc3 quantitative methods study text AFC-03 Quantitative Methods – Study Text (2013) from the link given below. Download icap afc3 quantitative methods study text AFC-03 Quantitative Methods – Question Bank (2013) from the link given below.

#### Books

Download icap afc3 quantitative methods study text Financial Mathematics by Taha Popatia from the link given below. Download icap afc3 quantitative methods study text Last Day Revision by Taha Popatia from the link given below.