Market Research Methods and Business Strategies
1. Role of Market Research and Methods Used
Market research is the process of collecting, recording, and analyzing data about customers, competitors, and the market for a product. It helps businesses find out what consumers like or dislike, identify market size, predict future demand changes, and find their unique selling point (USP).
There are two main types of data collected:
- Quantitative research: Numerical data that can be put into tables, charts, or graphs.
- Qualitative research: Information about
Discrete Mathematics: Functions, Groups, and Graph Theory
Functions and Mapping Properties
Analysis of the Sine Function
a) Let f:R→Rf:\mathbb{R}\rightarrow\mathbb{R}f:R→R be defined by f(x)=sinxf(x)=\sin xf(x)=sinx.
(i) Image Set and Surjectivity
Given f(x)=sinxf(x)=\sin xf(x)=sinx. For every real number xxx, −1≤sinx≤1-1\leq \sin x\leq 1−1≤sinx≤1.
Hence the image set is f(R)={y:y=sinx, x∈R}f(\mathbb{R})=\{y:y=\sin x,\;x\in\mathbb{R}\}f(R)={y:y=sinx,x∈R} ={y:−1≤y≤1}=\{y:-1\leq y\leq1\}={y:−1≤y≤1}. f(R)=[−1,
Read MoreStatistical Analysis and Machine Learning Fundamentals
Measures of Central Tendency and Dispersion
a) Measures of Central Tendency
These metrics identify the central point of a data distribution.
- Mean (Average): The sum of all values divided by the count.
- Example: A retail store counts daily customers over 5 days: [10, 15, 20, 25, 30]. The Mean is (10+15+20+25+30)/5 = 20.
- Median (Middle Value): The middle number in a sorted list. It is highly resistant to outliers.
- Example: If software engineer salaries are [$60k, $65k, $70k, $80k, $250k], the Median is $
Trigonometry, Polar Coordinates, and Vector Analysis
Trigonometric Functions and Properties
Even Functions: cos(-t) = cos(t), sec(-t) = sec(t)
Odd Functions: sin(-t) = -sin(t), tan(-t) = -tan(t), csc(-t) = -csc(t), cot(-t) = -cot(t)
Example: A point P(x, y) is shown on the unit circle corresponding to a real number t. Find the values of the trigonometric functions at t.
A) P(-15/17, 8/17):
- sin(t) = 8/17
- cos(t) = -15/17
- tan(t) = -8/15
- csc(t) = 17/8
- sec(t) = -17/15
- cot(t) = -15/8
Graphs of Trigonometric Functions
Amplitude, Period, and Phase Shift:
For the equation
Read MoreEssential Algebra Formulas and Graphing Techniques
Algebraic Formulas and Equations
Quadratic and Polynomial Functions
- AOS: x = -b/2a
- Quadratic Formula: x = (-b ± √b² – 4ac) / 2a
- Discriminant (b² – 4ac):
- > 0: Two solutions
- < 0: No real solutions
- = 0: One solution
- Completing the Square: Take 1/2 of b, square it, and add to both sides. Rewrite as (x ± 1/2b)².
Sequences and Financial Math
- Arithmetic Sequence: aₙ = a₁ + d(n – 1)
- Geometric Sequence: aₙ = a₁ * rⁿ⁻¹
- Compound Interest (Annually): P(1 + r)ᵗ
- Compound Interest (Quarterly): P(
Algebra, Geometry, and Financial Mathematics Essentials
Algebra, Linear Graphs & Simultaneous Equations
1. Solving & Simplifying Equations
Algebraic Expressions
- Ex 1 (Simplify): 3x – 5y + 2x + 8y = 5x + 3y
- Ex 2 (Expand & Solve): 3(x-4) = 2x+5 → 3x-12 = 2x+5 → x = 17
- Tips:
- Only add/subtract exact like terms (same variables).
- Expand brackets by multiplying the outside term by everything inside.
- Move the smaller variable first to keep values positive.
Linear Inequalities
- Ex 1 (Solve): -3x + 4 ≤ 10 → -3x ≤ 6 → x ≥ -2
- Tips:
- Flip the sign (<
