London, United Kingdom

Mathematics, Statistics and Business

Bachelor's
Table of contents

Mathematics, Statistics and Business at London School of Economics and Political Science

Language: EnglishStudies in English
Subject area: mathematics and statistics
Qualification: BSc
Kind of studies: full-time studies
Bachelor of Science (BSc)
University website: www.lse.ac.uk

Definitions and quotes

Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Mathematics
Mathematics (from Greek μάθημα máthēma, "knowledge, study, learning") is the study of such topics as quantity, structure, space, and change. It has no generally accepted definition.
Statistics
Statistics is a branch of mathematics dealing with the collection, analysis, interpretation, presentation, and organization of data. In applying statistics to, for example, a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model process to be studied. Populations can be diverse topics such as "all people living in a country" or "every atom composing a crystal". Statistics deals with all aspects of data including the planning of data collection in terms of the design of surveys and experiments. See glossary of probability and statistics.
Statistics
In the 1930s English statistical theory was beginning to travel, with contributions from, amongst others, Hotelling and Snedecor in America and Darmois in France, but its home was still in England where there were four important centres: University College London, Rothamsted Experimental Station, Edinburgh University and Cambridge University with University College and Rothamsted far in the lead. Although Cambridge University was slow to adopt modern statistical theory, Cambridge men–Karl Pearson, Edmund Whittaker and Ronald Fisher–had put the other places on the statistical map. University College was the most established centre and its importance went back to 1893 when Karl Pearson, the professor of applied mathematics, first collaborated with Raphael Weldon, the professor of zoology on a subject they called “biometry.” There was a second surge in the “English statistical school” associated with R. A. Fisher who went to work at Rothamsted in 1919.
Aldrich, John (December 2009). "England and Continental Probability in the Inter-War Years". Electronic Journal for History of Probability and Statistics 5 (2): 5-6.
Mathematics
By relieving the brain of all unnecessary work, a good notation sets it free to concentrate on more advanced problems, and in effect increases... mental power... Probably nothing in the modern world would have more astonished a Greek mathematician than to learn that, under the influence of compulsory education, the whole population of Western Europe, from the highest to the lowest, could perform the operation of division for the largest numbers. This fact would have seemed to him a sheer impossibility.
Alfred North Whitehead, An Introduction to Mathematics (1911) Ch. 5, p. 59.
Mathematics
An arguing couple spiraling into negativity and teetering on the brink of divorce is actually mathematically equivalent to the beginning of a nuclear war.
Hannah Fry, The Mathematics of Love (2015), p. 104.
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