Qrb Reasoning

In: Computers and Technology

Submitted By balistikb
Words 316
Pages 2
Running head: Quantitative Reasoning

Quantitative Reasoning
University of Phoenix

Quantitative Reasoning

Decision making for planning, management, and policy formulations relies increasingly on quantitative reasoning, which entails the collection, analysis and interpretation of data. Mathematics plays a huge part in quantitative reasoning but quantitative reasoning is still a skill with practical applications. From my readings, quantitative reasoning can be applied to daily contexts such as understanding the power of compound interest or the uses and abuses of percentages. Quantitative reasoning could also be used for statistical analysis to gauge the accuracy of a statistical study.

While Quantitative Reasoning is not the most important component in a masters level education, it is however important for college students to become competent in quantitative reasoning. Many courses do not dive deep into sophisticated math skills but quantitative reasoning should give the student math tools to understand, interpret, critique, challenge and draw conclusions.

As I pursue my masters’ degree I feel that the course in quantitative reasoning will prepare me in many of my other classes. The course has provided many examples of how quantitative reasoning is used with many different problems that one could be confronted with in the business world. Such problems include; what is our return on investment for this project? What price should we set to increase revenue? How much product must we sell to make a profit? Will offering our product in different models increase sales? There are many or situations where quantitative reasoning could be used, this is a list of just a few.
I have no reservations in saying that the quantitative reason course will be a challenging course to say the least. But I also must say that what this class will prepare me…...

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