Numerical reasoning is the ability to understand, interpret, and analyze numerical information presented in various forms such as tables, charts, graphs, and statistical data. It involves using mathematical skills such as addition, subtraction, multiplication, and division, as well as more advanced concepts like ratios, percentages, and fractions.
Numerical reasoning is important in many fields, including finance, engineering, science, and data analysis. It is often used in aptitude tests for employment, academic admissions, and professional certifications to assess a person’s ability to work with numbers.
In numerical reasoning, one must be able to identify patterns, draw conclusions from data, and make predictions based on the information presented. It also requires critical thinking skills to determine which mathematical operations are necessary to solve a problem and to evaluate the accuracy and relevance of the results.
Practicing numerical reasoning can improve a person’s ability to analyze and interpret numerical data and make informed decisions based on quantitative information. This skill can be developed through practice and experience, as well as by taking courses or workshops in mathematics and data analysis.
About the Test
Employers frequently use aptitude testing to weed out the excellent candidates from the mediocre when there are thousands of applicants to choose from. After accepting a candidate’s CV or application form, the most frequent means for employers to administer numerical reasoning tests is online.
Typically, if you pass your online test, larger employers will invite you to an assessment centre. Employers often require you to take a second test at the assessment centre to confirm that you are the same person who scored so well on the online test, so don’t ask your friends to assist you on the online test! Take one of our free sample numerical reasoning tests below to familiarise yourself with these examinations.
It is easy to be afraid of numerical tests because it is commonly believed that the mathematics involved will be extremely difficult; however, this is not the case. Under the duress of the countdown timer, the most challenging aspect is interpreting the numerical data and determining the necessary calculation. You will be tested on the following seven fundamental mathematical concepts:
- Addition
- Subtraction
- Multiplication
- Division
- Percentages
- Ratios
- Averages
What does the test evaluate?
The purpose of a numerical reasoning test is to evaluate a candidate’s ability to manipulate and interpret numerical data. The data, which may be presented in tables or graphics, must be analysed and conclusions drawn. The examinations are timed and multiple-choice.
Tests of numerical reasoning differ from the numerical tests you may be accustomed with from your secondary education. The tests you will encounter are designed to assess your problem-solving skills, frequently simulating the type of analysis you will be required to conduct in your future position, e.g. comparing the productivity of two company branches. This type of numerical data in the workplace can be difficult to comprehend if you are unfamiliar with it, so it is crucial to take practice tests to familiarise yourself with it beforehand.
If a position requires working with numbers and numerical data, it would be prudent for the employer to use psychometric testing to anticipate which candidates are likely to perform well in the position. If a position does not require significant numerical skills, the employer should not use a numerical test as a criterion for selection.
According to our research, numerical reasoning tests are most frequently administered early in the application process, most likely before interviews. This is due to the fact that many aptitude tests are used to reduce the size of large candidate populations by eliminating those with inferior cognitive ability.
We are aware of the significance that employers place on numerical reasoning skills, as well as the difficulty of performing optimally under timed conditions. Therefore, we’d like to explain the testing procedure and what to expect. Practice can be the difference between retaining and losing that position.
Our practice tests will ensure that you are well-prepared for your actual exam, allowing you to perform to the best of your ability while remaining relaxed. You will have a much better understanding of what to expect and will be able to brush up on your numerical reasoning skills, putting you in a much better position than you would have been otherwise.
Who should be evaluated on Numerical Reasoning?
There are many jobs that require numerical reasoning skills. Here are some examples:
Business executive must be sensitive towards numbers to help company to perform the strategic decision making.
A data analyst needs to be able to analyze and interpret large amounts of numerical data, and to draw insights from it. They may also need to create reports, charts, and graphs to communicate their findings.
Financial analysts use numerical data to make investment decisions, analyze market trends, and evaluate the financial health of companies.
Actuaries use numerical data to assess risk and develop strategies to minimize risk for businesses and organizations. They work in areas such as insurance, finance, and healthcare.
Engineers use numerical reasoning skills to design and develop new products, structures, and systems. They also need to be able to perform calculations and analyze data to ensure that their designs meet safety and quality standards.
Accountants need to be able to analyze financial data, prepare financial statements, and ensure that financial records are accurate and up-to-date.
Scientists in many fields, including physics, chemistry, and biology, use numerical reasoning skills to analyze data, create models, and develop theories.
Statisticians collect and analyze numerical data to help businesses and organizations make informed decisions. They may also design surveys and experiments to gather data.
Market research analysts use numerical data to identify market trends, evaluate customer preferences, and assess the effectiveness of marketing campaigns.
Operations research analysts use mathematical and statistical models to solve complex business problems, such as optimizing supply chains or scheduling production.
Quantitative analysts use mathematical models and statistical analysis to develop trading strategies for financial institutions.
Economists use numerical data to analyze economic trends, forecast future economic conditions, and evaluate the impact of policies and regulations.
Architects use numerical reasoning skills to create designs for buildings and structures, including calculating loads and stresses, determining dimensions and materials, and estimating costs.
Research scientists use numerical data to conduct experiments, analyze results, and develop new theories in fields such as physics, chemistry, and biology.
Software developers need to be able to understand and use mathematical algorithms and models to design and develop software applications.
Cryptographers use mathematical and statistical models to design and analyze encryption systems, which are used to secure sensitive information.
Benefits
Our Numerical Reasoning Assessment is suitable for candidates in a wide range of industries, including finance, accounting, engineering, and management. It is particularly useful for organizations that require employees to work with quantitative data regularly.
At Potential Forge, we believe that a candidate’s numerical reasoning skills are crucial to their success in many industries. Our Numerical Reasoning Assessment provides an objective and reliable evaluation of these skills, enabling you to make informed hiring decisions. Contact us today to learn more about how our assessment can benefit your organization.