Linear Algebra in Projecting the Success of a Web Based Business - Assignment Example

In addition, the internet is widely used now by most entrepreneurs who are the focus of this study who would greatly benefit from knowing how their businesses will succeed in a number of months or years. These projections will not only catch a large number of entrepreneurs’ attention but will also let them appreciate the faculty of this study, seeing the beauty of algebra in the solution of such disciplines as economics as well as engineering, physics, and geometry (Ellis & Gullick 67).

Background: I will conduct my study through online and face to face interviews with at least twenty entrepreneurs. I will avail of copies of their monthly online sales, which if the entrepreneur would not be willing to give could be in terms of the nearest approximate figures. This information will then be used as data for projecting sales in the future using graphs as well as tables and sets of ordered pairs as these are important methods of communication in business, science and social studies (Baley & Holstege 101).

Scope: I will have ten face to face interviews and ten online interviews to complete the desired number of samples. I will particularly ask questions about their capital, the date of the start of business, their monthly income and their projection of sales in six months, one year and two years. I will also ask about their basis for these projections to be compared to a more scientific process with the use of linear algebra. Theoretical Framework: I will be doing the study in the context of solutions to equalities, involving two variables (Larson et al. 277) which will be time and sales.

Mathematical modeling will also be used in an accurate and simple manner for it to yield meaningful answers and to be used not only by those who specialize in numbers and graphs.