Maths assignment on: Essay on maths
- Executive Summary
The subject i.e. Mathematics has been rendered to as one of the most attractive subjects which takes in to consideration the various benefits over the society. The business of mathematics has become one of the major players in the society. The people belonging to such type of domain are majorly PhDs & transform the entire foundation of the society (Birman & Libgober, 2008).
Many years back it was noticed that, mathematics benefited the society in many ways. But with the various mathematical theories such as equilibrium theory, etc has led to more complexity in the structures available in the society. There have been many incidents which states that, high levels of losses have been attained by the various organizations (ICIAM, 2008). The main reason for such type of loss was that people did not have fair understanding of the various mathematical instruments, etc. This report majorly takes into consideration, the various mathematical theories, models, methodologies in order to provide directions in the near future. This report highlights the various issues which might arise in the society keeping in mind the Baye’s Theorem. Two issues with regards to the abuse of mathematics on society have been discussed in this report.
- Introduction
The report starts with the main issue i.e. the definition of Baye’s Theorem. The baye’s theorem has been referred to as one of the key issues in case if the abuse of mathematics in society. Baye’s Theorem refers to a type of a theory or a model which relates to statistics, mathematics, etc. This law consists of two main interpretations (Birman & Libgober, 2008). The first interpretation is known as Bayesian approach, which mainly takes into consideration rational evidence for the account. The second interpretation is known as the frequent list approach.
The two issues which have been discussed in the report relate to the main topic. The first issue relates to Proctor & Gamble refers to one of the biggest multinational corporation. P&G mainly take into consideration the manufacturing of food, health, laundry, beverages, beauty products as well as cleaning products (Birman & Libgober, 2008). This organization is so huge that, it has access to interest as well as various exchange rates in order to have better exposure of the same. The organization i.e. P&G uses different interest rates as well as swaps or any other financial instruments which would help in order to eliminate the exposure of the same.
The major issue which has been discussed in this report refers to the abuse of mathematics on the society. The two issues have been discussed in this report in regards to the same. Mathematics has been playing one of the most crucial roles in the business but with time, it has been seen that mathematics has adversely affected the society at large. The finance theory has been rendered to as one of the most effective theories which would abuse or misuse the impact over the society. Case of Procter &Gamble clearly states that, how mathematics has adversely affected the society & the organization as large (Schuck & Grootenboer, 2003).
- Literature Review
3.1 Bayes Theorem
The baye’s theorem has been referred to as one of the key issues in case if the abuse of mathematics in society. Baye’s Theorem refers to a type of a theory or a model which relates to statistics, mathematics, etc. This law consists of two main interpretations. The first interpretation is known as Bayesian approach, which mainly takes into consideration rational evidence for the account. The second interpretation is known as the frequent list approach. This approach majorly takes into consideration, an inverse probabilities amongst the two possible events. The first approach in this theorem (ICIAM, 2008) is used in the field of science, law, engineering, etc. The second approach majorly takes into consideration two probable events which are about to occur in a given period of time. The Bayes theorem is commonly known as the Bayesian inference & has led to many issues in a society.
The two main issues which have been created by the mathematical abuse have been discussed further in the report. They are as under:
3.1 Issue 1 created due to Mathematical abuse:
Proctor & Gamble refers to one of the biggest multinational corporation. P&G mainly take into consideration the manufacturing of food, health, laundry, beverages, beauty products as well as cleaning products (Schuck & Grootenboer, 2003). This organization is so huge that, it has access to interest as well as various exchange rates in order to have better exposure of the same. The organization i.e. P&G uses different interest rates as well as swaps or any other financial instruments which would help in order to eliminate the exposure of the same (ICIAM, 2008).
With the help of the various mathematical & financial instruments the organization i.e. P&G has been engaging their amounts in the different types of stocks at a different rate. P&G entered into swap ratios from a fixed rate of interest to the variable rate taking into consideration the various rate of interests applicable on the same (ICIAM, 2008). With the help of the mathematical financial interest BT i.e. Bankers Trust helped the organization in order to suggest as well as modify the various swaps available which would help in order to satisfy P&G at large. The second main issue related to the abuse of mathematics in society refers to in a field of mathematical economics (Schuck & Grootenboer, 2003). The education in terms of mathematical economics would mainly consist of high education which would help to aim at the emerging trends in the society. With the help of the various mathematical devices present, the economy would be able to be attacked with the help of the various linkages clubbed together. The mathematical theory led to abandon the various types of trends available on the island (Gilat, Meyer, Erev & Gopher, 2007).
The entire deal at P&G was done on a five year plan swap with the help of $2 million. The amount so covered under this was something more than ordinary. The entire deal under went in such a manner & the mathematical instrument i.e. BT paid a fixed rate on the notional amount i.e. $200 million. During the entire five year span of time, P&G paid approximately fixed rate of interest over the amount mentioned above. This led to huge amount of benefit in the future years to come (ICIAM, 2008).
With the help of this, the entire organization i.e. P&G would be able to achieve high levels of profits of approximately $7.5 million with the help of a specified rate of interest.
3.2 Issue 2 relating to mathematical economics:
The second main issue related to the abuse of mathematics in society refers to in a field of mathematical economics. The education in terms of mathematical economics would mainly consist of high education which would help to aim at the emerging trends in the society. With the help of the various mathematical devices present (Gilat, Meyer, Erev & Gopher, 2007), the economy would be able to be attacked with the help of the various linkages clubbed together. The mathematical theory led to abandon the various types of trends available on the island.
The scope of mathematical economics have been narrowed down the narrowing down of the mathematical economics has led to one of the major subject matters in case of the political economy as well as the technocrats has played one of the most essential roles in the same (Schuck & Grootenboer, 2003).
3.3 Mathematical economics as a distraction from economic reality
Mathematical economics has led to one of the major distraction in case of the economic reality. With the mathematical economics the various economists in case of retirement will provide an apology to acknowledge the wastage of time. With the help of mathematical economics some of the obligations of the things could be done (ICIAM, 2008).
The various educational economists would not be in favor of the various free markets as well as position themselves with the limited amount of money present with them at the moment. The ability to endorse the free market policies would help in order to reduce the government regulations over the same. The mathematical models, theories as well as financial instruments would be quite helpful to focus upon the individuals & the society at large. The financial instruments or the mathematical economics would help the public entities to run in a better position (Gilat, Meyer, Erev & Gopher, 2007).
The libertarian theory refers to one of the most authoritarian economic pedagogy which rests upon the various specious foundations. According to one of the leading economies i.e. Chile states that the abuse of mathematics in society would show intolerance regarding the economic ideas where in the departments of social science would be unchallenged. An agreement was formulated without any reason by removing all those policies which would not be agreed upon (ICIAM, 2008).
In the recent years, it has been seen that the various mathematical economies subject matter or courses have led to the displacement of the economic history which might be accustomed with the students at the university levels along with the various options such as monetarist orthodoxy. The other theory in this regard i.e. abuse of mathematics on society would be the equilibrium theory (Hudson, 2010). These theories majorly take into consideration the understanding of how the society has been abused with the help of mathematics (equilibrium) theory. This theory majorly covers the following topics such as how the entire society works, dynamics of the history with respect of debt, etc (Gilat, Meyer, Erev & Gopher, 2007).
The main issue in case of the mathematical economics could be analyzed with the help of the financial strains which would not only take into consideration the main aim but also keeps in mind the various perceptions which would help in order to portray a fair financial status in the society. Fair regulation as well as stability would be demanded in the same (Hudson, 2010).
The findings with the help of the various theories or models would keep in mind the various aspects in case of the financial industry. Not resolving the various issues or problems with the help of a rise in the overall debt has been removed with the help of economic planning in case of the political process along with the various technocrats involved in it. A new planning has been made which would help in order to have benefits from the subject i.e. mathematics (Hudson, 2010).
The various economists in the society have been highly trained over a period of time upon the abusive impact of mathematics over the society. Most of the societies now use less amount of the mathematics as it does not benefit the same (Haboush, 2000). The use of mathematics has been taken into consideration as a decoration over the policy prescriptions. The subject i.e. mathematics have been rendered to as a statically up graded financial instrument which would take into consideration the polarization of the various economies as they grow in the years to come (Hudson, 2010).
The shape of the mathematics on society would be distorted as well as the financial claims could be seen in order to see the volume with which all the mathematical principles & the trends applicable in the society could be seen. The various economic trends such as income, level of debtors, etc could be kept in mind. The creditors, various capital assets should be taken into consideration while determining the shape of the society (Haboush, 2000).
The current models relating to the abuse of mathematics on society would foster different types of illusions over the society. These models would be able to carry along high values of debt irrespective of the structure such as the availability of wealth, levels of ownership, etc. With the shifts in the prices as well as the income levels of the people in the society, high levels of over head could be paid (ICIAM, 2008). This model would help in order to reduce the over all levels of debt in the society along with the levels of taxes as well as the levels of business & the major cut in the investment. The consumption services would help in order to pay such type of taxes as well as reflect the rate of profits being earned by the society (FoxCroft, Kypri & Simonite, 2009). In order to see the abuse of mathematics on society, the entire credit supply of the money would be correlated with the various types of changes along with the goods & services offered by the same. This issue would not include the level of prices of capital goods, real state, stocks, etc.
The various economic models would act quite helpful in order to exploit as well as proverb the entire real world economics. Such type of difficulties would lead to narrowing of the various boundaries of society. Such boundaries would recognize the various limitations & the boundaries keeping in mind the abuse of mathematics over the society & environment at large (Haboush, 2000).
The logical construction in case of mathematical economics has been created by protesting over the same. Mathematical has been seen in a much conservative manner rather than taking it in a revolutionized manner. This would hamper the entire society rather than liberating in a much defined manner (Restivo, 2002). The power of this subject could be seen as an evasion of all the various thoughts & savings of the operations. This states that, the complexities of the real world would not be taken into consideration.
The badge which was earlier provided to mathematics has been distracted & the attention of the economies has been on the level of balance. The main problem or issue attached with mathematics on the society is quite stable as well as only one determinate could be used. With the help of the equilibrium theory mentioned below in the report, diminishing utility was done in a closed system. This approach could not be seen as passive in nature. It refers to a single system which would formulate various problems & help in order to solve the solution for the same (FoxCroft, Kypri & Simonite, 2009).
The solution which could be achieved by assuming the various factors of production would be in regards to falling the entire productivity of the goods & services. The entire productivity of land, labor & capital would be reduced significantly. With a reduced productivity, the level of satisfaction would also decline thereby not satisfying the needs of the ultimate customer. The abuse of mathematics on the society could be seen with the help of a decrease in the overall marginal utility of the income (Restivo, 2002). With diminishing levels of capital would lead to high levels of investment at a very less rate of interest. Hence, decrease in the rate of unemployment would lead to a collapse in the levels of income & wealth. The financial collapse would lead to an overall crisis of the society. This means that, mathematics has been rendered to as one of the major threats or abuse for the society (FoxCroft, Kypri & Simonite, 2009).
A specific mathematical theory, model or methodology could be selected in order to use a fair study which would help in order to recognize the various problems or issues as well as take care of the mathematical solutions. The analysts might call for a negative feedback with the use of the mathematical methodology. In contrast to this model, a positive feedback could also be used which would help in order to depict the various growth as well as benefit to the society at large. The economic polarization would take into (Restivo, 2002) consideration the various possible declarations in regards to the trends available in the market along with the force or a pressure to give something. At this moment, the major economic issue which would arise could be stated in terms of political issues. This shows how the entire globe operates as well as drive the various analysts in order to unstable the entire universe. Unstable the entire globe would help in order to narrow the future gaps (FoxCroft, Kypri & Simonite, 2009).
3.5 Ethical Perspective:
Ethical responsibility refers to one of the major elements which should be taken into consideration while taking up any subject matter on the society. With an increasing concern of the subject, there has been a rise in the overall policy as well its practice. The abuse of mathematics on society could be seen as a threat over the same (Schuck & Grootenboer, 2003). There has been an increase in the overall responsibility thereby leading to a conflict amongst the interest of others along with self interests. It must be kept in mind that, if the overall law or the entire system would not be valid then the ethical responsibility of mathematics on the society could not be seen. The relation of mathematics with the society should be understood with the various contributions done by different mathematical educators (Schuck & Grootenboer, 2003). The responsibility of the educators should be seen in such a manner which would help in order to formalize all the ethical principles with the laws, policies, plans, etc.
- Conclusion
Hence, it could be concluded that this report majorly takes into consideration one of the major issues over the society. The issue has been seen as the “abuse of mathematics over the society”. This major issue has been seen with respects to the applicability of the Baye’s Theorem. The baye’s theorem has been referred to as one of the key issues in case if the abuse of mathematics in society. Baye’s Theorem refers to a type of a theory or a model which relates to statistics, mathematics, etc. This law consists of two main interpretations (Schuck & Grootenboer, 2003). The first interpretation is known as Bayesian approach, which mainly takes into consideration rational evidence for the account. The second interpretation is known as the frequent list approach. This approach majorly takes into consideration, an inverse probabilities amongst the two possible events.
The two main issues have been highlighted in the report in regards to abuse of mathematics over the society. The first issue which has been highlighted is in relation to proctor & gamble. Proctor & Gamble refers to one of the biggest multinational corporation. P&G mainly take into consideration the manufacturing of food, health, laundry, beverages, beauty products as well as cleaning products (Schuck & Grootenboer, 2003). This organization is so huge that, it has access to interest as well as various exchange rates in order to have better exposure of the same. The organization i.e. P&G uses different interest rates as well as swaps or any other financial instruments which would help in order to eliminate the exposure of the same (ICIAM, 2008).
The second issue which has been talked about in the report refers to the abuse of mathematics in society refers to in a field of mathematical economics. The education in terms of mathematical economics would mainly consist of high education which would help to aim at the emerging trends in the society. With the help of the various mathematical devices present (Gilat, Meyer, Erev & Gopher, 2007), the economy would be able to be attacked with the help of the various linkages clubbed together. The mathematical theory led to abandon the various types of trends available on the island.
Mathematical economics has led to one of the major distraction in case of the economic reality. With the mathematical economics the various economists in case of retirement will provide an apology to acknowledge the wastage of time. With the help of mathematical economics some of the obligations of the things could be done (ICIAM, 2008).
The various educational economists would not be in favor of the various free markets as well as position themselves with the limited amount of money present with them at the moment. The ability to endorse the free market policies would help in order to reduce the government regulations over the same (Schuck & Grootenboer, 2003). The mathematical models, theories as well as financial instruments would be quite helpful to focus upon the individuals & the society at large. The financial instruments or the mathematical economics would help the public entities to run in a better position (Gilat, Meyer, Erev & Gopher, 2007). Ethical responsibility refers to one of the major elements which should be taken into consideration while taking up any subject matter on the society. With an increasing concern of the subject, there has been a rise in the overall policy as well its practice. The abuse of mathematics on society could be seen as a threat over the same.
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