Equations

Equations describe, or model, relationships between numerical quantities. Equations compare two expressions that are equal. They are written using combinations of constants, variables, and coefficients, which you can think of as the parts of a mathematical "sentence."

Constants, Variables, and Coefficients

Constants have a fixed value. They fall into two main categories:

Algebra For busniss

Business managers and executives are challenged with questions and faced with decisions every day: Where do I set my selling price? How much must I reduce costs to make my desired contribution margin? How much storage capacity will I need on my e-mail server? All of these business problems have one thing in common. They all contain an unknown element—selling price, cost reduction level, or server capacity. The value of these unknown elements is determined by using algebra.

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