>IMNSHO, there's no substitute for these kinds of basic skills. 
>Arithmetic, reading and writing are basic skills that form the 
foundation for other "more relevant" skills.

To a certain extent, I agree.
But, just because I can calculate standard deviation, mean, & variance by hand, 
doesn't mean that I should have to!
You need the basic skills, but more to ensure that the output from your tools 
is correct.

A couple of years ago, there was an article in a US business magazine pointing 
out that, aside from fraud, the biggest reason for re-statement of financial 
results was over-dependence on spreadsheets maintained by secretariess & admins 
with no financial backgrounds.
Even simple column/row cross-checks were either not used or ignored.
It was only when somebody with the skills audited them that the errors were 
found out.
Usually, after publication.
Oops!

-
Too busy driving to stop for gas!

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