**Text:** Finite Mathematics for Business, Economics,
Life Sciences and Social

Sciences, 11th edition by Raymond A. Barnett, Michael R. Ziegler and Karl E.

Byleen

**Calculator: **

TI-83 or TI-83 Plus Graphics Calculator is required.

Bring your calculator to class every day.

Course Description:

This course is designed to acquaint business students with mathematical

techniques, which are useful in business and management. Topics include

functions, matrix algebra and applications , linear programming , probability, and

mathematics of finance.

**Prerequisites:**

Math 103 or Math 108 with a grade C or above.

**Description of Students Who Take the Course:**

The course is designed for students planning to major in Business, Economics or

related subjects. The course is a prerequisite for Math 206.

General Goals and Objective for the Course:

• Identify the basic graphs and properties of polynomial , rational, exponential,
and

logarithmic functions . Apply the knowledge of functions to business applications

such as simple, compound or continuous compound interest, ordinary annuities,

finding the maximum or minimum for quantities which are quadratic functions ,

and finding break even points.

• Perform basic ope rations with matrices , and use matrix methods to solve
systems

of linear equations. Apply the knowledge of matrices to business problems such

as inventory, production, and total cost.

• Use geometric method to solve linear programming problems. Interpret

information as an objective function with constraints, set up the linear

programming problem, solve the problem and interpret the result in the context
of

the problem.

• Use basic counting techniques and calculate probabilities, including
conditional

probabilities. Apply the mathematical knowledge of probability to business

problems and interpret the results.

• Represent data with graphical and numerical summaries. Calculate probabilities

for binomial and normal distributions. Apply the statistical skills to problems
in

various business settings and interpret the results.

Description of Specific Content:

The course will cover the following topics.

**• Functions:** Linear, quadratic, rational, exponential and logarithmic
function.

Transformation of functions and graphing.

**• Mathematics of Finance: **Simple and compound interest, future value and

present value of annuities, sinking funds, and amortization.

**• Systems of Linear Equations and Matrices :** Solution of systems of linear

equations by graphing, substitution , elimination by addition, Gauss-Jordan

elimination and use of matrix inverse. The systems of equations considered will

have a unique solution, no solution or an infinite number of solutions.

**• Linear Programming:** Systems of linear inequalities in two variables,
geometric

approach to solving linear programming problems in two variables.

**• Probability and Statistics:** Operations on sets, counting techniques
including

permutations and combination, basic properties of probability, conditional

probability, Bayes formula , random variables and expected values. Graphical

description and numerical summaries of data . Binomial distribution and normal

distribution.

**Exam: **There will be 4 exams each weighed according 100 percentage points.

Typically, no make-up test will be offered and a score of 0 will be recorded for

missed exams. Exceptions: Make-up exams will be available only in special

situations, namely medical emergencies or prior arrangement under very special

circumstances. Documentation will be expected in order for me to approve a

makeup test. Expect make-up tests to be taken before the scheduled test and

expect it to be different (perhaps harder) than the scheduled test. There is no

cumulative final exam – but each one will seriously count!!

Tentative Exam Dates: (exam date to be finalized at least 1 week in
advance).

Exam 1 Sept. 26

Exam 2 Oct 22

Exam 3 Nov 14 - just before Thanksgiving
recess.

Exam 4 Dec. 12 – last class day.

**Quizzes/homework: **There will be several short
quizzes, most of them will be

announced. Quizzes must be taken at the time they are scheduled in class, i.e.,

quizzes cannot be taken early or made up at a later time. I will drop the lowest

percent score from this part of your grade.

**Practice problems: **Throughout the course a list of problems will be
assigned at

the end of class. These problems will not be graded or collected, but the
majority

of graded work will be based on these questions.

**Attendance: **Attendance will not be recorded, but it will be expected.
Material

already covered will not be repeated in class, except in review sessions for a
test,

time permits. Usually material missed can be discussed during office hours. To

encourage attendance, I will have some short, UNNANNOUNCED quizzes, based

on recent homework or practice problems.

**Grading:**

4 Exams 80% (20% each)

Quizzes/homework 20%
(average based on percent scores)

Approximate grade scale will be according the given ranges

A: 90 and above

B: 80 and below 90

C: 70 and below 80

D: 60 and below 70

F: below 60

Intermediate grades, AB or BC, may be assigned for scores sufficiently close to
the

next highest grade.

Remarks:

If you have any problems, please feel free to see me during

my office hours or make an appointment.

Tutors are available free of charge in Swart 113.

Please TURN CELL PHONES OFF DURING CLASS